Exchange stock Ho Chi Minh City (HoSE) has just sent a document to Quoc Cuong Gia Lai Joint Stock Company (QCGL stock code: QCG) requesting to disclose information about the stock price increasing to the ceiling for 5 sessions.< /p>
HoSE said through transaction monitoring stock QCG Department found that QCG stock price increased to the ceiling for 5 consecutive sessions from May 26 to June 1.
HoSE cites regulations in Circular 96 of 2020 of the Ministry of Finance: “Public companies must disclose unusual information within 24 hours from the occurrence of one of the following events: In case the company Recognizing an information event that affects the company’s own stock price, the company must confirm or correct that information event.”
In the written response to Ms. Nguyen’s explanation Thi Nhu Loan – General Director of QCGL – affirmed that the stock price increasing to the ceiling for 5 consecutive sessions is an objective event beyond the control of the business. Deciding to buy and sell stocks is the investor’s own choice. Ms. Loan assured that QCGL does not have any impact on the market transaction price.
QCGL General Director said production activities business of the company is still going on normal and without any changes.
However, Ms. Loan also added that recently the QCGL side has published information related to receiving proactive enforcement decisions from the Department. Executing a civil judgment in Ho Chi Minh City on repaying the company the amount of approximately 17 billion VND temporarily detained at the account of the Security Investigation Agency of Ho Chi Minh City Police. In addition, there is also information about the verdict results of the Vietnam International Arbitration Center (VAIC) related to the previously announced lawsuit against the company (the dispute at the Phuoc Kien project with Sunny Island).
In fact, in the June 2nd session, QCG shares continued to increase to the ceiling for the 6th consecutive session, reaching a price of 7,590 VND/share. QCGL’s market capitalization increased to exceed the 2,000 billion mark. VND reached 2,088 billion VND.
In just one week of trading, QCG completely increased to the ceiling with an increase amplitude of approximately 40% and recorded an increase of up to 86% in one month. Since the beginning of the year, with 5 months of trading on the market, QCG stock prices have skyrocketed 90-7%.
At QCGL, Ms. Nguyen Thi Nhu Loan has ceded her seat as Chairwoman of the Board of Directors (BOD). ) to Mr. Lai The Ha and stepped down to the position of member of the Board of Directors, but Ms. Loan is still the General Director and legal representative of QCGL. At the same time, Ms. Loan and her family hold the majority of the company’s shares.
According to the 2022 corporate governance report at the end of last year, Ms. Nguyen Thi Nhu Loan owned 101,9 million shares. QCG shares account for 37.05% of QCGL’s charter capital.
Ms. Loan’s son, Nguyen Quoc Cuong (commonly known as Cuong Dola), owns 537,500 shares. Ms. Loan’s daughter, Nguyen Ngoc Huyen My, owns 39,4 million QCG shares and Ms. Loan’s son-in-law, Lau Duc Duy, owns 10,5 million QCG shares. Both the daughter and son-in-law of Ms. Nguyen Thi Nhu Loan are members of the Board of Directors of QCGL for the 2022-2027 term.
With the strong increase of QCG shares on the stock market, net asset valuation of Ms. Nguyen Thi Nhu Loan’s family (according to stock price) also increased accordingly. Accordingly, the above assets increased by nearly 91% compared to the beginning of the year. Currently, the valuation of the assets on the floor of Ms. Loan and her children (in-laws) is about 1,156 billion VND.
“
