Quoc Cuong Gia Lai Joint Stock Company (QCG) has just announced that Ms. Nguyen Thi Nhu Loan, former General Director, had her preventive measures changed by the Ministry of Public Security's Investigation Police Agency on November 11. Ms. Nguyen Thi Nhu Loan is currently on bail while the authorities investigate the case.

Ms. Nguyen Thi Nhu Loan has more than 30 years of experience in managing, operating and developing businesses in general and Quoc Cuong Gia Lai in particular.

As a major shareholder, Ms. Nguyen Thi Nhu Loan is knowledgeable about management and operations, and has a deep understanding of the company's investment projects and operations.

After the change in preventive measures, Ms. Nguyen Thi Nhu Loan continued to accompany the Board of Directors and the General Director to handle the work and investment projects the company is implementing.

As VietNamNet reported, on July 19, Ms. Nguyen Thi Nhu Loan was prosecuted and detained to serve the investigation of the act of "Violating regulations on management and use of State assets causing loss and waste".

Ms. Nguyen Thi Nhu Loan (64 years old) was accused of violating the law in the transfer of project 39-39B Ben Van Don, Ward 12, District 4, Ho Chi Minh City.

Mr. Nguyen Quoc Cuong became the legal representative of Quoc Cuong Gia Lai after his mother was arrested.

Ms. Nhu Loan was arrested, Mr. Cuong Do La became CEO, what is waiting for Quoc Cuong Gia Lai?

Ms. Nhu Loan was arrested, Mr. Cuong Do La became CEO, what is waiting for Quoc Cuong Gia Lai?

Mr. Nguyen Quoc Cuong (Cuong Do La) took over the position of CEO of Quoc Cuong Gia Lai after Ms. Nguyen Thi Nhu Loan was arrested. QCG shares were unexpectedly "rescued", hitting the ceiling. What will happen to the "mountain town" businesses?
Quoc Cuong Gia Lai shares hit the floor in 5 sessions, Ms. Nhu Loan's assets 'lost' 250 billion

Quoc Cuong Gia Lai shares hit the floor in 5 sessions, Ms. Nhu Loan's assets 'lost' 250 billion

Since Ms. Nguyen Thi Nhu Loan was prosecuted, Quoc Cuong Gia Lai's stock price has hit the floor for 5 consecutive sessions. With the current stock price, Ms. Loan's assets have "evaporated" nearly 250 billion VND in just 1 week.
Ms. Nguyen Thi Nhu Loan was prosecuted, Quoc Cuong Gia Lai shares lost liquidity.

Ms. Nguyen Thi Nhu Loan was prosecuted, Quoc Cuong Gia Lai shares lost liquidity.

Quoc Cuong Gia Lai's QCG stock continued its downward trend and gradually lost liquidity after CEO Nguyen Thi Nhu Loan was arrested on July 19 and this scandal-ridden enterprise still has large debts.