Significant alterations in the structure of APEC business leaders

DNHN - Changes in the position of Chairman have been announced by Asia Pacific Securities Joint Stock Company (APS), Asia Pacific Investment Joint Stock Company (API), and IDJ Vietnam Investment Joint Stock Company.

Asia Pacific Securities JSC (APS), Asia Pacific Investment JSC (API), and IDJ Vietnam Investment JSC (IDJ) have all changed hands within the APEC group. President after the market shock caused by the stock manipulation incident.

On June 29, APS, API, and IDJ all simultaneously announced the appointment of new Chairman candidates.

The Board of Directors (BOD) of APS and IDJ elected Mr. Vu Trong Quan, a member of the Board of Directors, as Chairman of the Board of Directors effective June 29.

In addition, the Board of Directors of APS elected Mr. Nguyen Quang Huy - a Board member - to assume the role of information disclosure and Ms. La Thi Quy to become the person in charge of accounting for APS, both effective June 29.

At API, the Board of Directors removed Ms. Nguyen Thi Thanh from her position as Chairman of the Board of Directors, elected Mr. Nguyen Van Ly, a member of the Board of Directors, to replace her, and assumed responsibility for information disclosure at the same time.

During the morning session on the 30th of June, APS and IDJ stock prices traded at approximately 8,700 VND/share and 8,100 VND/share, respectively, up 2% and 5% from the beginning of 2023. In the meantime, API's stock price fluctuated around VND 7,600 per share, a decline of 12% from the beginning of the year.

Notably, including the morning session of June 30, all three stocks APS, API, and IDJ hit the floor price for five consecutive sessions.

PV (t/h)