Hai Duong Pump Manufacturing announces 2025 ESOP for key management

Hai Duong Pump Manufacturing Joint Stock Company announced its board resolution on December 4, 2025, to implement an Employee Stock Ownership Plan (ESOP) for 2025. The company plans to issue 300,000 common shares at a par value of VND 10,000 per share, totaling VND 3,000,000,000. This issuance represents 1.46% of the company's outstanding shares. Funds raised will be used to supplement the company's working capital.

The ESOP targets all members of the board of directors, including the general director, deputy general directors, chief accountant, and business directors, who meet specific criteria. These include holding their positions for at least six months by August 6, 2025, and having worked at the company for at least three years by the same date. The foreign ownership ratio will remain within the 50% limit.

Shares issued under the ESOP will be restricted from transfer for three years from the end of the issuance period. Employees who leave the company before this period must sell their shares back to the company at VND 10,000 per share, except in cases of force majeure. Any unsold shares will be distributed to other eligible employees or cancelled by the board of directors.