CTCP Investment and Construction 40 (stock code: L40) has announced the resignation of several senior leaders, including Chairman Le Dinh Hien, board members Tran Bac Viet and Ha Huy Khanh, and CEO Nguyen Van Son. The reason given for their resignations is personal wishes. Mr. Hien aims to resign from March 7, 2025, pending approval from the extraordinary general meeting, while Mr. Son feels he cannot effectively fulfill his CEO duties from March 6, 2025. Before resigning, these leaders registered to sell all of their L40 shares. Notably, the resignation letters were submitted on the same day, March 7, 2025, just before an extraordinary general meeting at 1:30 PM. The company quickly amended its proposal to add board members, increasing candidate nominations from 2 to 5. L40 plans to hold its annual general meeting in April. In terms of business performance, L40 achieved a revenue of 341 billion VND in 2024, tripling the previous year’s figures, with post-tax profit increasing significantly.
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