The son of Duc Giang chemical president left the position of General Director

Duc Giang Chemical Group Joint Stock Company (DGC) announced the Resolution of the Board of Directors to change some key leadership positions. Accordingly, Mr. Dao Huu Duy Anh will leave the position of General Director of the Company to move to the Standing Vice Chairman.

Duc Giang chemicals said that the move to change this personnel is in accordance with the provisions of the Enterprise Law in 2020. Accordingly, the current Law stipulates that with the public company, the director or the general manager must meet the standards that are not the family relationship of the business manager, the controller of the company and the parent company.

Mr. Dao Huu Duy Anh was born in 1988, the son of Mr. Dao Huu Huyen – Chairman of Duc Giang Chemical Management Board. Mr. Duy Anh graduated with a master’s degree at Cambridge University (UK). In 2019, he was a member of the Board of Directors, and Deputy General Director of this group. From 2020 to the present, he is the General Director of the Company.

Duy Anh personally owns more than 11.4 million DGC shares, equivalent to 3.01% of the company’s charter capital. He is also a member of the Board of Directors of Phosphorus Joint Stock Company of Apatite Vietnam, Tia Light Battery Joint Stock Company; Chairman of Duc Giang Chemical Co., Ltd. Dak Nong.

Mr. Luu Bach Dat, Deputy General Director will replace Mr. Duy Anh as General Director of Chemical Duc Giang. Mr. Dat was born in 1983, with chemical engineering qualifications

Also on March 3, Duc Giang chemical also announced the annual meeting document in 2025. Accordingly, the group aims to bring 10,385 billion dong of revenue, up 5.2% over the same period last year, profit after tax decreased by 3.4% to 3,000 billion dong.

The company also expected the dividend paid for 2024 to be 30% in cash. This business has advanced all last year. Duc Giang chemicals will also invest VND 1,200 billion to build Duc Giang Nghi Son chemical complex; VND 50 billion to complete the Dak Nong alcohol factory and 40 billion dong to study the expansion of light rays.