AsemconnectVietnam - Major shareholders sold 71,900 shares of Southern Rubber Industry Joint Stock Company (Casumina, code CSM - HOSE) to reduce ownership to 7.97% of charter capital.

On July 4, Saigon VRG Investment Joint Stock Company (SIP code - HOSE) sold 71,900 CSM shares to reduce ownership from 8.04% to 7.97% of charter capital.
Notably, Casumina has just announced the document of the 2024 Extraordinary General Meeting of Shareholders, which will be held on July 26 to change leadership.
In the document, Casumina submitted to shareholders the dismissal of members of the Board of Directors for the 2021 - 2026 term, including Mr. Pham Hong Phu and Mr. Nguyen Minh Thien.
Previously, Casumina said that on the afternoon of May 29, the Company received a decision from the Supreme People's Procuracy regarding the prosecution of Mr. Pham Hong Phu, General Director of Casumina and Mr. Nguyen Minh Thien, Deputy General Director and information publisher of the Company on the crime of "Violating regulations on management and use of State assets causing loss and waste, prescribed in Clause 3, Article 219 of the Penal Code of 2019 2015”.
Casumina said that it is always ready to coordinate with relevant parties to support investigation issues, and will take prescribed measures to protect the legal rights of the Company, customers, and partners and the shareholders.
Casumina affirmed that it will continue to maintain focus on performing the unit's production and business tasks, determined to complete the highest targets for 2024 approved by the General Meeting of Shareholders, in accordance with the provisions of law.
According to research, Mr. Pham Hong Phu was born in 1966 and holds a Master's degree in Business Administration. In particular, before being appointed to the position of General Director of Casumina from 2011 to present and concurrently holding the position of member of the Board of Directors from 2015 to present. Mr. Phu used to work as Deputy General Director of Finance and Accounting, Chief Accountant, Head of Finance and Accounting Department, Deputy General Director at Casumina.
Mr. Nguyen Minh Thien was born in 1964, with a Bachelor's degree in economics. In particular, Mr. Thien was appointed to the position of member of the Board of Directors at Casumina from 2013 to present.
Thus, Mr. Pham Hong Phu and Mr. Nguyen Minh Thien are two leaders with many years of experience at Casumina.
In contrast, Casumina plans to elect 2 additional members of the Board of Directors for the 2021 - 2026 term. In particular, the list of candidates has not been announced.
In terms of business activities, in the first quarter of 2024, Casumina recorded revenue of 1,147.16 billion VND, down 7.1% over the same period, profit after tax reached 19.67 billion VND, up 177.4% compared to implementation in the first quarter of 2023. Of which, gross profit margin improved from 6.6% to 12.9%.
Thus, ending the first quarter of the year with a pre-tax profit of VND23.6 billion, Casumina has completed 29.5% of the profit plan of VND80 billion in 2024.
N.Nga
Source: VITIC/Tinnhanhchungkhoan