During the annual general shareholders' meeting on 1/4, Gelex CEO Nguyen Van Tuan addressed shareholder inquiries regarding his involvement in various entities within the group's ecosystem, particularly Vietnam Export Import Commercial Joint Stock Bank (Eximbank).
Gelex first appeared as a shareholder holding over 1% of Eximbank in 7/2024. Since then, Tuan's company has increased its stake in the bank to 10%.
In response to shareholders, Tuan stated his commitment to focusing on Gelex's operations and collaborating with the company's Board of Directors for the upcoming term. He declared, "I will not join the leadership of Eximbank, which is an associated bank of Gelex."
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Gelex CEO Nguyen Van Tuan addresses shareholders at the annual meeting on 1/4. *Photo: GEX* |
Elaborating on the Eximbank investment, Tuan clarified that Gelex acts as a strategic, long-term investor in the bank. Consequently, if regulatory approval is granted, the company intends to raise its stake from 10% to 15%. Additionally, Nguyen Trong Hien, former Gelex Chairman, is slated to join Eximbank's Board of Directors as an independent member.
Eximbank is an associated bank of Gelex, with the company holding a 10% stake. Under the Law on Credit Institutions, institutional shareholders are restricted to a maximum 10% ownership of a bank's capital. However, this limit can extend to 15% when including related parties.
During the same meeting, shareholders also approved CEO Nguyen Van Tuan's return to the Gelex Board of Directors, following his resignation in 3/2025. He will succeed Nguyen Trong Hien, who stepped down to assume other responsibilities.
Born in 1984, Tuan holds a Bachelor's degree in international trade and finance, specializing in banking. He was appointed CEO of Gelex in 2016. Tuan has also chaired several listed companies, including Viglacera and Gelex Electric. He currently holds over 213 million GEX shares, representing nearly 24% of the capital, making him the group's largest shareholder.
For the current year, Gelex projects total revenue to reach 44,712 billion dong, marking an approximate 13% increase from 2025 results. Conversely, pre-tax profit is anticipated to decline by 22% to 3,615 billion dong.
Bui Dang Khoa, Director of the Finance and Accounting Department, noted that in a challenging macroeconomic climate, the group implemented risk management strategies to ensure positive first-quarter results. For Q1, the company forecasts revenue exceeding 10,000 billion dong, an increase of over 20% year-on-year. Pre-tax profit is projected to surpass 700 billion dong, approximately 10% higher than the same quarter last year.
Trong Hieu
