Cuong Do La's mother only finished 12th grade, without a university degree, but still became a billionaire, why?

Businesswoman Cuong Do La's mother - Ms. Nguyen Thi Nhu Loan is a famous business tycoon and owns a huge fortune. However, in the past, she only completed 12th grade and never had a university degree that attracted many people's attention.

In recent days, the media has widely reported that Ms. Nguyen Thi Nhu Loan, General Director of Quoc Cuong Gia Lai, was prosecuted and detained for violating regulations on management and use of home assets. Water causes loss and waste.

The project that caused Ms. Loan to fall into prison is project 39-39B Ben Van Don, Ward 12, District 4, City. HCM. In addition to Ms. Loan, 16 other defendants were also arrested in connection with this case. Currently, authorities are still investigating.

Before being arrested, the mother of tycoon Cuong Do La made many people admire her with her tremendous business ability and self-reliance in building the Quoc Cuong Gia Lai empire. Ms. Nhu Loan only completed grade 12 and does not have a university degree. She started her business by processing and supplying wooden furniture. Thanks to that, she has had a huge property since the 80s. She then switched to the fertilizer business, but this business encountered many ups and downs and risks.

In 2005, Ms. Nhu Loan began her passion for real estate business. In 2007, Ms. Nhu Loan's company was listed on the stock exchange and changed its name to Quoc Cuong Gia Lai Joint Stock Company, famous in the field of real estate business. Since then, Ms. Loan simultaneously held the position of President and General Director of this enterprise for 13 years. Later, according to regulations, Ms. Nhu Loan will only hold the position of General Director of Quoc Cuong Gia Lai Joint Stock Company.

The mountain town tycoon once said that before, she never thought she would do real estate business. It was an unexpected step in her life and she loved this profession very much.

Thanks to the strong promotion of the real estate sector, Quoc Cuong Gia Lai quickly became a name dominating the market. Ms. Nguyen Thi Nhu Loan from a wood merchant became one of the famous real estate tycoons with huge profits.

Therefore, Ms. Nguyen Thi Nhu Loan has been named many times in the list of the richest people on the Vietnamese stock exchange. In 2011, Ms. Nguyen Thi Nhu Loan was honored to be on the list of 100 people honored as "Typical Vietnamese Businesswomen" and received the "Golden Rose" trophy. She even appeared in the 15 richest people in Vietnam.

Up to now, former chairman Quoc Cuong Gia Lai owns nearly 102 million QCG shares, equivalent to 924.4 billion VND, ranking 141st in the top 200 people with the largest assets on the stock exchange and ranked 46 in the top 50 richest businesswomen on the Vietnamese stock exchange.

The arrest of Ms. Nguyen Thi Nhu Loan, according to the company representative, is only related to the project 39-39B Ben Van Don, District 4, Ho Chi Minh City that QCG received transfer from 2 private companies, and transferred completed for partners since 2014. The case is still under investigation, Ms. Nguyen Thi Nhu Loan has been continuing to coordinate with the authorities in the investigation process to clarify related issues.

QCG leaders affirmed that the incident did not change or affect the company's plans, strategies, business activities, and investments; The legitimate rights and interests of customers, shareholders, and partners who are transacting and cooperating with QCG are still guaranteed.

Until the afternoon of July 22, according to the resolution of Quoc Cuong Gia Lai Joint Stock Company (QCG), Mr. Nguyen Quoc Cuong became the legal representative and general director of this enterprise from July 22.

Quoc Cuong Gia Lai will hold its second annual meeting in Ho Chi Minh City on July 30. The first meeting of this business was unsuccessful because the attendance rate did not meet the regulations.

At next week's meeting, the company will present the general meeting of shareholders to approve the dismissal of Ms. Nguyen Thi Nhu Loan. At the same time, Quoc Cuong Gia Lai will additionally elect Mr. Cuong as a member of the Board of Directors for the 2022-2027 term.

Cuong Do La's mother faces a sentence of 10 - 20 years in prison, the lawyer clearly stated the crime Thanh Phúc14:57:37 21/07/2024Regarding the recent arrest and search of Cuong Do La's mother - Ms. Nhu Loan, the online community also began to be concerned about the crime and penalty she may face. A lawyer recently spoke up to explain clearly.