On April 26, the 2023 annual general meeting of shareholders of Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) heated up when Mr. Duong Cong Minh, Chairman of the Board of Directors of this bank, officially spoke out about the rumors. Not good things have happened to him lately.
The information was given by Mr. Duong Cong Minh at the Sacombank shareholders’ meeting on the morning of April 26.
Regarding rumors that he was banned from leaving the country due to his involvement in the case of Van Thinh Phat and Ms. Truong My Lan, Mr. Duong Cong Minh affirmed: “I have nothing to do with a dot or comma with Ms. Truong My Lan or Van Thinh. Phat”.
According to Mr. Minh, this is a rumor written by the nickname Thang Dang on his personal Facebook. The reason may be because Sacombank lent money to Bamboo Airways and he acted as a consultant for this credit to ensure capital recovery. At that time, Mr. Thang asked for 200 billion VND for himself, but the family of Mr. Trinh Van Quyet (former chairman of FLC Group, who was prosecuted and detained at that time) let Mr. Thang quit his job before the new investor. Participate in operating Bamboo Airways.
“I asked Mr. Thang to work with a new partner. What Mr. Thang wrote on Facebook is not true. If it was related to Ms. Truong My Lan, I would never sit here and run the shareholders’ meeting. I I assure shareholders that in every case I will look forward to the development of Sacombank” – Mr. Minh said.
Chairman of the Board of Directors of Sacombank also said that he is the largest domestic shareholder. Therefore, rumors about him will have a certain impact on the bank, thereby affecting shareholders.
Regarding the dividend distribution, Mr. Minh said that Sacombank is waiting for the State Bank to allow Mr. Tram Be’s 32% stake in Sacombank to be auctioned and strive to complete the bank’s restructuring project in 2024. reduce the bad debt ratio to 3%. At that time, Sacombank asked the State Bank for permission to use 18,000 billion VND of undistributed profits to pay dividends in shares, in order to increase its charter capital.
