CTCP VNG (VNZ) announced plans for its annual shareholder meeting on June 21 in Ho Chi Minh City. The company is forecasting a loss for the fourth consecutive year, with an estimated net loss of 561 billion VND, down from 1,081 billion VND last year. While revenue is expected to increase by 16.2%, revenue in Q1 2025 saw a slight decline compared to the same period last year. To improve its financial situation, VNG plans to issue ESOP shares for employees at a ratio of 1.43%, estimating 418,807 shares at 30,000 VND per share, significantly lower than the current trading price of 345,000 VND, providing a discount of up to 91.3%. The meeting will also include the dismissal of several board members and the election of new members for the 2025-2030 term. All board members are set to forgo remuneration in 2025.
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