Mr. Dao The Vinh – Chairman of Golden Gate Board of Directors is nominated as an independent member of Mobile World Board of Directors for the term of 2019-2020.
According to the annual general meeting of shareholders at the end of March, Mobile World Investment Joint Stock Company proposed adding two new employees to the Board of Directors for the term of 2019-2020, including Mr. Doan Van Hieu Em ( the head of the telephone business) and Mr. Doan The Vinh – President and CEO of Golden Gate Commercial Services Joint Stock Company (Golden Gate).
Mr. Vinh is one of the five founding shareholders of Golden Gate, an enterprise that manages a series of draft beer and hotpot restaurants such as Ashima, Kichi-Kichi, Sumo BBQ, Gogi House, Daruma, Vuvuzela, Cowboy Jack’s. .. Mr. Vinh used to own more than 35% of Golden Gate shares at the time of establishment, but then significantly reduced when an institutional shareholder appeared.
In the latest transaction announcement at the end of 2018, Mr. Vinh registered to sell nearly 440,000 shares at Golden Gate by agreement to reduce the ownership from 11.09% to 5.33%.
Mobile World management stated that Mr. Vinh satisfies the requirement to become an independent member of the Board of Directors because he does not work and owns shares, but does not disclose the specific mission of this businessman in the company leadership. .
In addition to adding new employees, Mobile World also submitted to the General Assembly of Shareholders for approval the plan of issuing 10.6 million shares to the executive board and key managers before March 31. The lowest selling price is expected to be 10,000 VND or 50% of the market price. Issued shares will be restricted from transfer within 4 years.
The Gioi Di Dong has set a target to collect over 108,000 billion dong this year and consolidated net profit of 3,571 billion dong. Retail sales of telephones and electronics are still sources of revenue and profit. In particular, the electronics industry plays a key role as the main growth driver, aiming to account for about 40% of the market share.
Although the revenue contribution is not significant, the Mobile Food and Consumer Products industry is expected to achieve the highest growth rate. By the end of the year, the goal will be to bring the direct profit-generating department stores to the fullest of all operating costs at stores and distribution centers, but not at the company level.
* Source: VnExpress