The wife of billionaire Tran Dinh Long has added her name to the list of top 10 stock billionaires. Luong Thi Cam Tu has been appointed as Chair of Eximbank. Boss Duc’s businesses face compulsory delisting. Top business stories:
The decade-long power struggle at Eximbank has blocked tens of trillions of dong worth of dividends and trapped shareholders. The problem may be solved after the latest move of the foreign shareholder.
Oddest bank in Vietnam: No CEO, chairman takes office for two hours Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
27/05/2021 14:39 GMT+7
The nearly decade-long war for power at the Vietnam Export Import Commercial Joint Stock Bank (Eximbank) may be coming to an end.
After being postponed many times, Eximbank has announced it will hold an extraordinary and annual general meeting of shareholders in July.
Disputes at Eximbank have exploded over the past three years.
Conflicts between groups of shareholders at Eximbank has lasted for nearly a decade but it has been the most tense in the past 3 years. The extraordinary general meeting of shareholders has not been held since 2019. The proposals of two groups of strategic shareholders, Sumitomo Mitsui Banking Corporation (holding 15%) and Ms. Ngo Thi Thuy’s group (over 10%), have n