QCG shares continue to 'fall to the floor', Quoc Cuong Gia Lai speaks up about Ms. Nhu Loan

Quoc Cuong Gia Lai 's QCG shares show signs of losing liquidity after Ms. Nhu Loan's arrest.

The stock market started the new week with a decrease of nearly 16 points at the end of the session. The code QCG of Quoc Cuong Gia Lai Joint Stock Company contributed to making the overall market picture even more gloomy.

With strong selling pressure and no demand, QCG had its second consecutive "floor-level" session since the news of Ms. Nguyen Thi Nhu Loan - the company's general director - being arrested.

Statistics show that at the end of the morning session, there were still more than 6.3 million units in the sell order, while the buyers left them empty. The market price "evaporated" nearly 7%, QCG fell to the price range of 8,440 VND/share.

Also this morning, a representative of Quoc Cuong Gia Lai sent a document to the Securities Commission and HoSE informing about the incident related to Ms. Nhu Loan.

The company said that the Ministry of Public Security's Investigation Police Agency decided to prosecute and temporarily detain Ms. Nhu Loan - the company's general director, to serve the investigation related to the project 39 - 39B Ben Van Don, District 4, Ho Chi Minh City.

A representative of Quoc Cuong Gia Lai said that the above incident is still under investigation, Ms. Loan has been and is continuing to coordinate with the authorities in the process of clarifying related issues.

However, this company affirmed that the above incident only related to the project 39 - 39B Ben Van Don, District 4, Ho Chi Minh City, which they had received a transfer from 2 private companies and completed the transfer to the partner since 2014 as the official information that QCG responded to shareholders and the media before.

The leaders of Quoc Cuong Gia Lai also affirmed that the incident did not change or affect the company's plans, strategies, production, business and investment activities. Accordingly, the legitimate rights and interests of customers, shareholders and partners who are transacting and cooperating with QCG are still guaranteed.

"The company is still operating normally and is committed to making maximum efforts to stabilize all business activities, ensuring the legitimate rights and interests of all stakeholders," said the leader of Quoc Cuong Gia Lai.

At the same time, the company affirmed that the Board of Directors is quickly looking for a person in charge of operations as soon as possible to carry out all activities related to the company, ensuring normal operations.

Source: https://tuoitre.vn/co-phieu-qcg-tiep-tuc-nam-san-quoc-cuong-gia-lai-len-tieng-vu-ba-nhu-loan-20240722121449886.htm