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Thanh Cong Securities (TCI) said its chairman, Mr. Nguyen Khanh Linh, and four other board members have tendered their resignations ahead of schedule. The company received resignations from three board members, including Linh and two vice chairmen, Nguyen Dong Hai and Nguyen Quoc Viet, who cited personal reasons.
Mr. Linh has served as chairman of TCI since 2019 and currently owns no shares. In addition to his role at Thanh Cong Securities, he participates in leadership teams of several companies under SGI Holdings (formerly Saigon 3 Group).
Saigon 3 Capital, a subsidiary of SGI, is the largest shareholder at Thanh Cong Securities, holding 54.79% of its capital.
Earlier, two other board members, Tran Bao Toan and Dinh Tran Lac Thien, also resigned. As a result, all current board members intend to leave their posts even though their terms extend to 2028.
The personnel shake-up comes after major shareholders related to SGI Holdings registered to divest from TCI. Saigon 3 Capital plans to sell nearly 21.6 million TCI shares for financial investment purposes. The transactions are expected to run from June 16 to July 15. If completed, the stake would fall to 36.14%.
Separately, Saigon 3 Jean registered to sell all of its more than 3.4 million TCI shares within the same period. If the deal goes through, the company will hold no stake in Thanh Cong Securities.
The resignations are expected to be approved at the annual general meeting scheduled for June 20. For now, TCI plans to propose to shareholders the election of five new board members for the 2026–2031 term.
According to the meeting agenda, the company will also seek shareholder opinions to switch to a governance model without a Supervisory Board. Shareholders will consider dismissing all three current Supervisory Board members: Chair Trần Thị Nhàn, Trương Thị Hồng Nhạn, and Nguyễn Trung Hiếu.
In 2025, TCI reported consolidated revenue of VND 395.1 billion, up about 73% year on year. However, after-tax profit declined nearly 79% to VND 12 billion and did not meet the plan, with higher operating costs cited as the main factor eroding profits.
For 2026, Thanh Cong Securities targets total revenue of nearly VND 233 billion and net profit of VND 14.3 billion. The company’s strategy focuses on expanding margin lending, brokerage, and proprietary trading to prepare for a market recovery.
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