TKV Minerals Corporation - JSC (Vimico, ticker KSV) disclosed that it received a decision to initiate criminal proceedings against its General Director, Trịnh Văn Tuệ, for “accepting bribes” under Article 354 of the Criminal Code. The Board of Directors dismissed Mr Tuệ as General Director effective October 29 and assigned Deputy General Director Lý Xuân Tuyên to act as General Director and legal representative. Mr Tuệ, born in 1972, became General Director in March 2018 and was re-elected to the KSV Board for 2025–2030 in April 2025. On October 30, the Board also approved convening an extraordinary 2026 general meeting of shareholders, planned for December 15, but has not disclosed its agenda. Q3 net revenue reached over 9,453 billion VND, up 144%, and profit after tax nearly 2,566 billion VND, up 332%, driven by higher average selling prices of copper, gold and silver.
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Original headline: Tổng Giám đốc Tổng Công ty Vimico bị khởi tố
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