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OCH change owner, change name

28/04/2022

IDS Equity Holdings has officially taken over and operated OCH – the owner of Trang Tien ice cream brand, and renamed the company to One Capital Hospitality.

This morning’s annual meeting of OCH Hotel and Service Company (OCH) marked a new step for this business after more than two years of conflict between major shareholder groups.

Accordingly, 5/6 members of the Board of Directors for the 2019-2024 term of OCH have resigned, including Mr. Nguyen Thanh Trung, Nguyen Giang Nam, Nguyen The Vinh, Tran Quoc Toan and Ms. Nguyen Thi Dung.

The shareholders of this business approved the reduction of the number of members of the Board of Directors to 5 and elected 4 new members related to IDS Equity Holdings, a risky asset management and investment company. invest in undervalued businesses in Vietnam.

The new staff list includes Mr. Huynh Minh Viet, Nguyen Dung Minh, Nguyen Chinh Phuong and Dinh Hoai Nam. Ms. Nguyen Thu Hang is the only member of the previous Board of Directors to continue to join the new Board of Directors.

Hội đồng quản trị mới của OCH sau phiên họp thường niên ngày 27/4. Ảnh: OCH
OCH’s new Board of Directors after its annual meeting on April 27. Photo: OCH

IDS Equity Holdings acts as a representative for shareholders owning more than 51% shares of OGC, the parent company of OCH.

Currently, OCH is a subsidiary that contributes most to the business results of OGC Group. This business manages Sunrise Nha Trang, Sunrise Hoi An, Starcity Nha Trang, Starcity Airport Ho Chi Minh City and Starcity Tay Ho Ha Hoi, and is also the owner of two brands of cake Girval and Trang Tien ice cream.

Along with taking the power of a large group of shareholders, this business also approved the renaming of the company to One Capital Hospitality and moved its headquarters to Leadvisors Tower, 643 Pham Van Dong, Bac Tu Liem, Hanoi.

The resignation of a number of members of the Board of Directors and the renewal of personnel occurred at the same time that many senior leaders of OCH left. Deputy General Director Nguyen Thi Dung resigned from April 13 for personal reasons. A day later, General Director Nguyen Quang Thanh also decided to resign.

Huynh Minh Viet, a member of the OCH Board of Directors and a representative of IDS Equity Holdings, said that this unit has strategic shareholders who are large Japanese corporations, which have invested in and managed many projects. resort and restaurant projects, with the desire to build a relationship to support OCH’s business.

This year, OCH sets a consolidated revenue target of nearly 1,000 billion VND, 2.3 times higher than 2021. Profit before tax is expected to reach nearly 55 billion VND, a sharp increase compared to the loss of more than 74 billion VND last year. .

While the hotel and resort segment has not yet escaped its difficulties, another spearhead that OCH is expecting to grow is the food segment. Accordingly, the company continues to develop the Givral cake brand to Hanoi market, and bring Trang Tien ice cream to Ho Chi Minh City and the central provinces.

by VnExpress

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