Was highly appreciated on its construction capacity, progress and quality, Construction Joint Stock Company 47 (HOSE: C47) continuously signed a contract amendment with the Client – Hoa Phat Dung Quat Steel JSC for additional works valued more 109 billion dong, rising the signed contract amount up to 250 billion dong.

On June 10, 2022, Construction JS Company 47 (HOSE: C47) and the Client – Hoa Phat Dung Quat Steel JSC signed the Contract Amendment No.3: Construction for excavation and levelling at coordinates of N30, N29, N27, N14, N11, 8, P4, P5 – Hoa Phat Dung Quat Steel Integrated Complex Project – Phase 2.

Hoa Phat Dung Quat Steel Integrated Complex Project – Phase 2, with construction area of over 280 hectares, located next to Hoa Phat Dung Quat Steel Integrated Complex Project – Phase 1, designed capacity of 5.6 mill HRC per year, total investment of VND 85,000 bill owned by Hoa Phat Dung Quat Steel JSC, expected on 2024 the complex shall be completed and commercial operation.

Signing the contract amendment for works, C47 affirmed its trademark, prestige and professional skill on management, operation and construction of the PJT works have been undertaken. As well as showing the development trend that oriented by the Company’s leaders for 2020-2025 period.

The C47’s Board of Directors (BOD) met and agreed to elect Mr. Le Dong Lam for the position as Vice Chairman of the Board for term 2020-2025.

On July 5, 2022, the Board of Directors of Construction Joint Stock Company 47 (HoSE: C47) elected Mr. Le Dong Lam – currently a member of the Board for the position as Vice Chairman of the Board for term 2020 – 2025, replacing Mr. Ta Nam Binh who has just issued a resignation application by personal wants and working conditions. Mr. Binh is currently an independent member of the C47’s BOD.

Mr. Le Dong Lam, born in 1980, holds a M.B.A degree. At the 2022 Annual General Meeting of Shareholders on April 24, 2022, Mr. Lam was appointed to the C47’s BOD Member with 100% approval rate. Currently Mr. Lam is the CEO and Member of the Board of PPG Vietnam Co., Ltd., a part of PPG Group of USA – the paint firm with the largest sales in the world.

Past time, Mr. Le Dong Lam has successfully bought nearly 800,000 C47-shares, increasing his holdings up to 961,000 C47-shares, accounting for 3.49% of the share capital. From July 6 to August 4, 2022, Mr. Lam continued a new registration to buy and order matching for another 500,000 C47-shares, shall increase his holding rate up to 5.3% if the transaction is successful.

Addition of Mr. Le Dong Lam’s management and operation experience applied for the companies which the past and current in charge of, especially domestic and international experience in industrial projects, he will work with the C47’s BOD to set up and execute a new era adaptable business strategy, expanding business scopes related to industrial infrastructure and energy, bringing C47 to new heights.