Duc Giang Chemicals dismissed its general director following the annual general meeting and appointed Pham Duy Tung as the new general director. Luu Bach Dat also resigned from the position.
Following the annual general meeting held on 13 August, Duc Giang Chemicals announced the dismissal of its general director. As a result, Luu Bach Dat left the position.
At the same time, the board dismissed Hung Trong Tu from the position of vice president and appointed Pham Duy Tung as general director and legal representative. The term runs for five years from 13 August.
Tung is a member of the board and previously served as deputy general director. He currently holds approximately 0.02% of the company's shares.
According to market data, DGC shares closed at VND 43,200 per share on 14 August, representing a decline of approximately 37% year to date. The high was VND 80,900 per share, putting the current price approximately 46.6% below that level.
There have also been reports that the Investigation Police Agency under the Ministry of Public Security prosecuted Dat and others for environmental pollution, and Nguyen Quoc Trung for violations of resource regulations.