State Securities Commission official turns blind eye to FLC chairman’s violations for fear of job loss

State Securities Commission official turns blind eye to FLC chairman’s violations for fear of job loss

State Securities Commission (SSC) official Le Cong Dien has admitted he spotted multiple problems while checking the capacity profile of Faros Construction JSC - a member of FLC Group - but did not dare to reject its listing application as he was afraid his job could be affected.

Society - Wed, February 28, 2024 | 8:13 am

HCMC bourse leaders complicit with FLC chairman appropriating $146 mln

HCMC bourse leaders complicit with FLC chairman appropriating $146 mln

Former chairman of the Ho Chi Minh City Stock Exchange (HoSE) Tran Dac Sinh and three other officials helped then chairman of real estate developer FLC Group Trinh Van Quyet to list shares on the bourse, appropriating VND3.6 trillion ($146 million) from investors.

Society - Sun, February 25, 2024 | 7:47 pm

Seven officials accused of helping former FLC chairman manipulate stock market

Seven officials accused of helping former FLC chairman manipulate stock market

Seven officials have been accused of assisting Trinh Van Quyet, former chairman of real estate developer FLC Group, in manipulating stocks, said the Ministry of Public Security’s investigation agency (C01) on Saturday.

Society - Sat, February 24, 2024 | 8:43 pm

Vietnam gov’t urges six agencies to help Bamboo Airways stay afloat

Vietnam gov’t urges six agencies to help Bamboo Airways stay afloat

Deputy Prime Minister Le Minh Khai has asked six government agencies to support Bamboo Airways to overcome its hardships and successfully restructure its operations.

Companies - Mon, December 25, 2023 | 7:31 pm

Former FLC Group chairman faces trial for stock market manipulation, asset appropriation

Former FLC Group chairman faces trial for stock market manipulation, asset appropriation

Investigators of the Ministry of Public Security proposed Saturday that Trinh Van Quyet, former chairman of real estate developer FLC Group, be prosecuted for stock market manipulation and asset appropriation.

Society - Sat, October 28, 2023 | 7:35 pm

Bamboo Airways has third CEO in 5 months

Bamboo Airways has third CEO in 5 months

Bamboo Airways has appointed aviation veteran Luong Hoai Nam as its new CEO, the third in five months and the fourth in more than a year, as the carrier is undergoing tough reshuffles following a change in owners.

Companies - Mon, October 23, 2023 | 4:25 pm

Major builder Hoa Binh recovers $12.4 mln in debts from property developer FLC

Major builder Hoa Binh recovers $12.4 mln in debts from property developer FLC

Vietnam's major construction contractor Hoa Binh Construction Group has recovered about VND304 billion ($12.43 million) in debts from real estate developer FLC Group per court rulings in two lawsuits it won in 2020.

Companies - Sun, October 15, 2023 | 11:51 am

Bamboo Airways chairman resigns from FLC Group board member position

Bamboo Airways chairman resigns from FLC Group board member position

FLC Group is set to propose its next general meeting of shareholders dismiss Le Thai Sam, chairman of Bamboo Airways, from the position of board member per his wish, the firm announced Friday.

Companies - Sat, August 12, 2023 | 10:08 am

15 under house arrest as stock manipulation probe expands

15 under house arrest as stock manipulation probe expands

The Ministry of Public Security's investigative agency placed 15 people under house arrest Friday for suspected involvement in the stock market manipulation scam related to former FLC Group chairman Trinh Van Quyet.

Society - Fri, June 23, 2023 | 10:03 pm

Bamboo Airways capital increase plans fail

Bamboo Airways capital increase plans fail

FLC Group subsidiary Bamboo Airways' planned charter capital increase was not allowed Monday due to the disapproval of 56.42% of voting shares.

Companies - Mon, April 10, 2023 | 4:41 pm

Final blow to FLC Group as last subsidiary suspended from trading

Final blow to FLC Group as last subsidiary suspended from trading

Shares in CFS Investment and Import Export Trading JSC will be suspended from trading from March 14 due to a late submission of its H2/2022 financial statement.

Finance - Thu, March 9, 2023 | 5:05 pm

FLC Group to sell Bamboo Airways stake

FLC Group to sell Bamboo Airways stake

FLC will sell its stake in Bamboo Airways during the group's restructuring process, chairman Le Ba Nguyen said at an extraordinary meeting on Saturday.

Companies - Sat, March 4, 2023 | 11:44 pm

FLC shares to be put on unlisted public company market on Friday

FLC shares to be put on unlisted public company market on Friday

Nearly 710 million FLC shares of FLC Group JSC will be officially put on the unlisted public company market (UPCoM) on March 3 at the reference price of VND3,500 ($0.15) per share.

Companies - Wed, March 1, 2023 | 10:05 am

Many senior leaders of FLC Group resign

Many senior leaders of FLC Group resign

FLC Group JSC on Monday announced it had received the applications for resignation from a number of senior leaders.

Companies - Mon, February 27, 2023 | 6:06 pm