CTCP Viet Duc Steel Pipe (VGS) announced that chairman Le Minh Hai resigned due to the need to research new projects. Prior to resigning, he transferred 8.35 million shares (14.93% ownership) to his wife, Nguyen Thi Thanh Thuy, making her the largest shareholder with 25.67% ownership. Another board member, Nguyen Thi Nhi, sold all her shares, ceasing to be a shareholder. VGS shares are currently trading at 29,000 VND each. In Q4 2024, VGS reported a revenue of 1,654 billion VND, a 22.8% decrease from the previous year, while profit soared to 74 billion VND, a 189% increase. For the full year of 2024, revenue reached 7,352 billion VND with a profit growth of 89% compared to 2023.
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