The Joint Stock Company of Securities Tien Phong (TPS – ORS code) has just announced the resignation of 3 Board members on June 20: Mr. Le Quoc Hung, Mr. Ta Quang Luong, and Ms. Nguyen Thi Le Tung, citing personal reasons. This occurs ahead of the Annual General Meeting of Shareholders scheduled for June 27. At the meeting, TPS will present its business results for 2024 and plans for 2025. TPS recognizes challenges in the economic context but is optimistic about improvements in the investment environment. They set a revenue target of 1.379 trillion VND for 2025, a decline of over 34%, and an expected after-tax profit of 111 billion VND, down 70% from the previous year. Additionally, the Board plans to issue bonds worth up to 3 trillion VND in 2025 to restructure debt and supplement capital for core business activities.
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