On June 14, Phu Tai Joint Stock Company (PTB) announced a shareholder vote regarding the resignation of independent board member Do Xuan Lap, following his involvement in a gambling scandal. Lap resigned due to health issues and being unable to fulfill his duties. The company also proposed electing a new independent board member, Phan Hong Quy, a law graduate with leadership experience. Phu Tai reported revenue of VND 1,635 billion in Q1 2025, up 12% year-on-year, and is projected to achieve VND 1,743 billion in Q2 2025. On the stock market, PTB shares currently trade at VND 51,900 each, a 20% decrease since the beginning of the year.
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