Real estate major Sunshine Homes senior leaders resign

Sunshine Homes, Sunshine Group's real estate development arm, has announced the resignation of Nguyen Hoang Anh as supervisory board member and Luong Thanh Long as independent board of directors member.

Both Anh and Long said that due to personal reasons, they could not arrange a time to take on work at Sunshine Homes.

Sunshine Homes, registered on the unlisted public company market (UPCoM) as SSH, said the dismissal will take effect from the date it is approved by the 2023 annual shareholder meeting, expected to be held in April 2023.

Nguyen Hoang Anh, 33, was appointed as a member of the SSH supervisory board from October 2020. Before that, he used to be the audit director of Anviet Auditing Company Limited and KDG Vietnam Auditing Company Limited.

Luong Thanh Long, 48, joined Sunshine Homes's board of directors from May 2020 and became an independent board member from October 2020.

According to SSH's 2022 governance report, by the end of 2022, Long holds 1.5 million SSH shares, equivalent to a 0.4% stake.

Besides, Long is also a leader of other companies, including: Viethome Company Limited, KSFinance Group JSC, VNE Sunshine Investment, Trade and Construction Development JSC, S-Homes Real Estate Business Investment JSC, Ngoc Sao Thuy Co., Ltd, Diamond Westlake Investment Company Limited, and Quang Phu Real Estate JSC.

In 2022, SSH earned total consolidated revenue of more than VND865 billion ($36.78 million), down 36% year-on-year, and after-tax profit of VND344 billion ($14.63 million), up 7%.

As of December 31, 2022, SSH's total assets stood at VND19.38 trillion ($824.86 million), nearly two times more compared to the beginning of the year.

The SSH share price hit VND61,700 ($2.62) per unit at Monday's closing session.