Dai Nam Joint Stock Company of tycoon Dung 'Lo Voi' was fined by the State Securities Commission

Dai Nam Joint Stock Company, associated with the name of tycoon Dung 'Lo Voi' and his wife, has just been fined for administrative violations by the State Securities Commission (SSC).

Accordingly, the company was fined VND85 million for failing to periodically disclose information to the Hanoi Stock Exchange (HNX) as required by law. Including: Financial report for 2021; payment of interest and principal of bonds in 2021; report on the use of capital from bond issuance in 2021.

Big tycoon's joint stock company is facing a lawsuit by the State Securities Commission. — Dai Nam Joint Stock Company of Mr. Dung 'Lo Voi' was fined by the State Securities Commission (Photo TL)

Dai Nam Joint Stock Company, formerly Thanh Le Industrial Park Development Joint Stock Company, was established in March 1996 by Mr. Huynh Uy Dung (called Dung "lime kiln") as Chairman of the Board of Directors and General Director.

This enterprise is famous for owning the Lac Canh Dai Nam Van Hien spiritual and entertainment tourism area, which covers over 450 hectares. This project started in 1999 and took nearly 10 years to complete and start welcoming guests.

Besides, Dai Nam also participates in real estate business with projects such as Di An District Administrative Center Urban Area, Song Than 2 Resettlement Area, Song Than 2 Housing Area and Song Than 2 Extension, Song Than Commercial Service Urban Area, Dai Nam - Binh Phuoc Residential Area and Tan An 2 Residential Area.

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