MST Investment updates charter, outlines operational and governance changes

MST Investment Joint Stock Company's charter, approved on May 28, 2025, and revised on November 28, 2025, outlines several key operational and governance changes. The company's charter capital is VND 1,136,042,200,000, divided into 113,604,220 shares with a par value of VND 10,000 each. The updated charter clarifies the company's business objectives, which include maximizing shareholder profits, enhancing company value, improving employee welfare, and fulfilling tax obligations. Additionally, the company is authorized to establish branches and representative offices to support its business goals.

The revised charter sets the term for the board of directors at five years, with no limit on re-election. The board will consist of five members. Notably, the chairman of the board is prohibited from simultaneously holding the position of general director after August 1, 2020, emphasizing a separation of leadership roles. The supervisory board will comprise at least three members, with over half residing in Vietnam and at least one member specializing in finance or accounting.

Key updates also include changes to the voting thresholds for shareholder resolutions, with critical matters now requiring approval from at least 65% of the total voting shares present, while other resolutions need over 50%. The charter also specifies new procedures for shareholder meetings, including rules for remote participation and the resolution of internal disputes, reinforcing transparency and accountability.