GKM Holdings approves capital increases, board changes, and new business ventures

GKM Holdings' shareholders approved a robust plan for 2025, including a capital increase through share distribution to existing shareholders at a 2:1 ratio (157,171,180,000 VND), an ESOP program (15,717,118,500 VND for 1,571,712 shares), and a private offering of 200,000,000,000 VND for 20,000,000 shares. These measures aim to strengthen the company’s capital structure and support new business ventures in agricultural product trade, construction materials, industrial park development, and renewable energy.

The 2025 annual general meeting also addressed governance, approving the 2024 business performance report and 2025 plan for the board of directors and audit committee. Furthermore, shareholders approved the dismissal and election of additional board members, with Mazur Krzysztof, Dao Thi Nga, and Nguyen Anh Tuan elected for the 2022-2027 term, each securing over 96% of votes. The board of directors declined remuneration for 2024 due to ongoing company restructuring challenges.

The company will issue private bonds totaling 300,000,000,000 VND to professional investors to fund construction equipment, working capital, and debt restructuring. GKM Holdings will also select an independent auditor for the 2025 financial report. Despite 2024 revenue of 145,483,895,789 VND falling short of the 450,000,000,000 VND target, the 2025 plan aims for 300,000,000,000 VND revenue and 30,000,000,000 VND profit after tax.