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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam to intensify crackdown on stock market manipulations
Vietnam’s Ministry of Public Security will launch a campaign to intensively check, clarify and handle violations on the stock market, especially “manipulation” and “fraud to appropriate assets.”
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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, Dec 22, 2021 | 11:30 am GMT+7
Bamboo Airways plans share issuance to lift charter capital to $1.2 bln
Bamboo Airways, a subsidiary of Vietnamese group FLC, plans to issue 996.2 million shares in 2023, mobilizing nearly VND10 trillion ($425.55 million) and raising its charter capital to nearly VND28.46 trillion ($1.2 billion).
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam firms likely to suffer from Credit Suisse downfall
The downfall of Credit Suisse, Switzerland's second-largest bank, is likely to pose problems for some Vietnamese corporations that had used the creditor to conduct business deals with.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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, Dec 22, 2021 | 11:30 am GMT+7
FLC shares to be registered on unlisted public company market
Nearly 710 million shares of FLC Group, coded FLC, will be moved to the unlisted public company market (UPCoM) from February 22 after being delisted from the Ho Chi Minh City bourse on Monday.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
FLC Group apologizes for being delisted over information disclosure violations
FLC Group on Friday apologized to shareholders for being delisted and affirmed shareholders' interests would still be guaranteed as the firm is trying to put FLC shares on the unlisted public company market UPCoM.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
12-year journey of FLC 'empire'
FLC of FLC Group JSC, one of the stocks bringing the most emotions to investors, has officially closed its 12-year journey in the Vietnamese stock market.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Foreign investors turn net buyers of Vietnamese stocks
Foreign investors on Tuesday turned net purchasers to the tune of VND56 billion ($2.37 million) on the Ho Chi Minh Stock Exchange (HoSE) after net selling VND82 billion ($3.47 million) in the previous session.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Binh Dinh seeks investors for tourism projects in Eo Gio
Binh Binh authorities are looking for investors to implement tourism projects in Eo Gio, a top tourist attraction in the south-central province after the investment license of FLC Group was withdrawn.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Van Thinh Phat boss arrested for corporate bond fraud
Truong My Lan, chairwoman of HCMC-based property developer Van Thinh Phat Group, was arrested Saturday for alleged fraud in the issuance and trading of corporate bonds in 2018 and 2019.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Bamboo Airways appoints new deputy general director
Bamboo Airways, FLC Group's airline, has appointed Dao Duc Vu as its new deputy general director and head of flight operations.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
BIDV seizes luxurious Rolls-Royce of ex FLC chairman to offset debts
BIDV bank announced Saturday it had seized the golden plated Rolls-Royce Ghost of Trinh Van Quyet, former chairman of FLC Group, to offset the debts that subsidiary FLC Faros owes the bank.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Kon Tum scraps survey permission for two FLC Group projects
Kon Tum authorities have revoked their approval for FLC Group to conduct surveys for two projects on a total 820 hectares in the Central Highlands province, one in high-tech agriculture and one in real estate.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Regulator cancels 9 bond issuances of developer Tan Hoang Minh
Vietnam’s stock market watchdog on Monday called off nine separate bond issuances totalling VND10,030 billion ($439 million) in value by three companies under Tan Hoang Minh Group due to its provision of “untrue information”.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Bourse watchdog's infringements trigger market manipulation: inspectors
Top executives at Vietnam’s State Securities Commission and two major bourses committed many violations in state management of securities activities, leading to market manipulation by some individuals, the Party’s inspectors stated.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Real estate major FLC chairman suspended from country exit
Trinh Van Quyet, chairman of FLC Group, one of Vietnam’s leading real estate developers, was suspended from leaving the country for a month, an indication that he is under investigation.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
FLC okayed to develop $126 mln resort complex in Hoa Binh
Authorities of Hoa Binh province, about 80 kilometers west of Hanoi, has approved the Yen Thuy golf course, resort and tourism project of FLC Group, a leading property developer in Vietnam.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
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