The FLC Asset Management and Mining Investment Joint Stock Company''s stock, coded GAB, has been delisted, according to the latest announcement of the Hồ Chí Minh City Stock Exchange (HoSE).
The National Citizen Joint Stock Commercial Bank (NVB) plans to sell 203 million shares in Bamboo Airways, equivalent to 11 per cent of the airline''s current capital.
The Hồ Chí Minh Stock Exchange (HoSE) just released a decision to transfer FLC shares of FLC Group (FLC) from a warning to the under supervision list starting from May 12.
The Investigation Police Agency has sent a written request to several localities to suspend the transfer, purchase and sale of assets and shares under the ownership of former FLC Chairman Trinh Van Quyet and related persons.
Trịnh Thị Thúy Nga, the sister of former FLC Group CEO Trịnh Văn Quyết, has been arrested by the Police Investigation Agency in a stock market manipulation case.
Although the current Securities Law include more severe penalties, the amount of stock price manipulation cases still increase, causing great damage to the market and frustration for investors.
Shares tumbled on Wednesday on both national stock exchanges, driven by massive selling in the afternoon session following the arrest of FLC chairman Trinh Van Quyet for stock manipulation on Tuesday.
Vu Dang Hai Yen, Deputy General Director of FLC Group, will replace Trinh Van Quyet as acting chairwoman of the Board of Directors at FLC and Bamboo Airways.
Recent property firm scandals have shaken the stock market, blowing tens of trillions of Vietnamese dong and making investors feel the pain of loss when the market was in free fall.