Vinahud’s Shareholders’ Meeting Unsuccessful

On the morning of August 22, Vinahud Investment and Urban Development Joint Stock Company (stock code: VHD) held its Annual General Meeting for 2025. However, only 18 out of 209 shareholders attended, representing 31.52% of shares eligible to vote, making the meeting insufficient to proceed. Vinahud set a goal to achieve a revenue of 248 billion VND and a post-tax profit of 13 billion VND for 2025. The company plans to restructure through transferring its shares in Friends Construction and Investment Company and Xuan Phu Hai Construction and Investment JSC, totaling at least 1,486 billion VND, to repay debts and relieve financial pressure. The Viên Nam ecological urban area project in Phu Tho is completing legal documentation after land clearance. Vinahud is focused on sustainable development and sales according to its roadmap.