Company “blood transfusion” in leadership: Two brothers join the Board of Directors, the elder brother as Chairman, immediately spending hundreds of billions to buy shares from the younger brother

CTCP Investment and Construction 40 (L40) has decided to change personnel as 5 members of the Board of Directors resign. Mr. Do Tan Cuong is elected as Chairman and Mr. Dinh Van Xuan as CEO. Notably, Mr. Cuong (elder brother) and Mr. Do Tan Vu (younger brother) both join the Board of Directors. L40 plans to purchase 9 million shares of CTCP Phuc Hop Ha My from Mr. Vu with a total value of over 100 billion VND, at a price of 12,000 VND/share. L40’s business situation is positive, achieving a revenue of 341 billion VND in 2024, and will hold its annual general meeting in April.