Viglacera Tien Son shareholders approve strategic mergers, board changes

Viglacera Tien Son Joint Stock Company (VIT) held its 2025 Extraordinary General Meeting of Shareholders on November 12, 2025, where shareholders approved the merger of Viglacera Thang Long Joint Stock Company and Viglacera Ha Noi Joint Stock Company into VIT. This strategic move was detailed in Proposal No. 04/VIT-GMS and received unanimous approval. Additionally, the plan for share issuance for share swap under the merger agreement and the post-merger business operation plan for VIT were also greenlit.

A key part of the meeting involved the approval for VIT to enter into product offtake contracts with Viglacera Thang Long, Viglacera Ha Noi, and Viglacera Autoclaved Aerated Concrete Joint Stock Company effective January 1, 2026, aligning with Enterprise Law provisions. Furthermore, shareholders addressed personnel matters for the Board of Directors for the 2023-2027 term, approving the dismissal of Mr. Dang Minh Tam and Mr. Nguyen Duy Truc, and the election of two new members: Ms. Nguyen Thi Tham and Mr. Le Tien Dung.

The meeting's decisions, including the appointments, were confirmed. All agenda items, including the election of the presidium and vote-counting committee, were approved with 100% of attending shareholder votes, demonstrating strong consensus on the company's strategic direction.