H.ot: Cuong Dola officially replaced his biological mother as General Director of Quoc Cuong Gia Lai

Quoc Cuong Gia Lai Joint Stock Company (code QCG) has sent a document announcing information to the State Securities Commission and Ho Chi Minh City Stock Exchange (HoSE) about Ms. Nguyen Thi Nhu Loan (general director) being prosecuted.

QCG said that the Police Investigation Agency of the Ministry of Public Security has decided to prosecute and temporarily detain Ms. Loan to serve the investigation of "Violating regulations on management and use of State assets causing losses." escape, waste".

According to the company representative, the above incident 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 the transfer was completed to 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, production, business and investment activities; The legitimate rights and interests of customers, shareholders, and partners who are transacting and cooperating with QCG are still guaranteed.

However, after Ms. Loan was arrested, Quoc Cuong Gia Lai's stock suddenly dropped sharply. Specifically, on the stock exchange, QCG entered the second consecutive session of falling to the floor. Liquidity "turned off" when just over 57 thousand shares changed hands in the morning session. Meanwhile, the number of shares waiting to be sold at floor price amounted to more than 6.2 million units. The stock market price decreased to 8,440 VND/unit.

However, the company said it was still operating normally, and the board of directors quickly found a replacement for Ms. Loan.

Specifically, Quoc Cuong Gia Lai announced the change of legal representative to Mr. Nguyen Quoc Cuong (Cuong "Dollar"). Mr. Cuong also appears holding the title of General Director in this announcement, although the company has not announced the appointment information.

At the same time, the Board of Directors (BOD) of Quoc Cuong Gia Lai nominated Mr. Cuong to be a member of the company's Board of Directors, term 2022-2027, replacing Ms. Nguyen Thi Nhu Loan. This election is a new content in the report of the 2nd annual general meeting of shareholders 2024, scheduled to be held on July 30. Previously, the company's first organization was unsuccessful due to insufficient attendance.

The second meeting took place after Ms. Loan - General Director of Quoc Cuong Gia Lai - was prosecuted and detained for violating regulations on management and use of State assets causing loss and waste. The case is part of the Ministry of Public Security's investigation of a case that occurred at Vietnam Rubber Industry Group, Dong Nai Rubber Company, Ba Ria Rubber Company, Ministry of Natural Resources and Environment and related units. mandarin.

According to the latest management report, at the end of 2023, Mr. Cuong "Do La" held 537,500 QCG shares. Ms. Loan (Mr. Cuong's mother) holds nearly 102 million QCG shares, equivalent to 37% of capital. Ms. Nguyen Ngoc Huyen My (Ms. Loan's daughter) owns nearly 39.4 million shares, 14.3% of capital.

Previously, Mr. Nguyen Quoc Cuong held the position of Member of the Board of Directors, Deputy General Director, and information publisher at Quoc Cuong Gia Lai. However, in November 2018, Mr. Cuong resigned from his positions due to personal reasons. When Mr. Cuong resigned, Quoc Cuong Gia Lai had not very positive business results.

Mr. Cuong was born in 1982 and is introduced to have a Bachelor of Business Administration degree. From 2004 to 2006, Mr. Cuong worked as Deputy Director of Quoc Cuong Private Enterprise (predecessor of Quoc Cuong Gia Lai). From 2006 to 2018, Mr. Cuong continuously held the position of Deputy General Director of Quoc Cuong Gia Lai.

After leaving the company that bears his name, Mr. Cuong established Chanh Nghia Quoc Cuong Joint Stock Company (new name C - Holdings), operating in the field of real estate and developing projects in Binh Duong.

Cuong Do La was asked to explain more than 3 days after replacing his biological mother as CEO Minh Lợi06:39:06 27/07/2024Even though Cuong Do La took over Quoc Cuong Gia Lai and managed it instead of his biological mother, the company's shares still dropped continuously. Faced with this poor situation, the Ho Chi Minh City Stock Exchange (HoSE) has requested the company to explain.