equitieswatch
Tuesday, September 26, 2023
About us
Advertise
  • Home
  • Stock Market
  • Finance
  • Cryptocurrency
  • Commodities
No Result
View All Result
Equitieswatch.com
No Result
View All Result

Vietnam arrests chairman of FLC, Bamboo Airways over alleged market manipulation By Reuters

by equitieswatch
March 29, 2022
in Stock Market


© Reuters. FILE PHOTO: Bamboo Airways Chairman Trinh Van Quyet poses during an interview with Reuters in Hanoi, Vietnam, April 14, 2021. REUTERS/Khanh Vu

HANOI (Reuters) -Vietnamese police on Tuesday arrested the chairman of one of the country’s largest private groups on suspicion of manipulating the stock market, the Ministry of Public Security said.

Trinh Van Quyet, chairman of property and leisure company FLC Group and its Bamboo Airways subsidiary, is also accused of hiding stock transaction information, the ministry said in a statement.

FLC, which owns dozens of resorts and golf courses throughout the country, said Quyet had been cooperating with investigators and no final decision had been reached.

“The incident won’t affect the legitimate rights and interests of the group’s customers, shareholders and partners,” FLC chief executive officer Bui Hai Huyen said in a statement on the group’s website.

Bamboo CEO Dang Tat Thang said in a statement the incident “does not relate to or affect the operation of FLC Group in general and Bamboo Airways in particular.”

According to the ministry, Quyet sold 74.8 million shares of FLC on Jan. 10 without notifying market authorities as required.

FLC shares closed down 7% on Tuesday at 12,650 dong ($0.5532) apiece.

($1 = 22,865 dong)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

YOU MAY ALSO LIKE

Mexico’s new airport gets boost from Panama’s Copa Airlines By Reuters

Honda and Sony Team Up to Tackle Tesla

ShareTweetPin

Search

No Result
View All Result

Recent News

Oil slips further on demand, financial market worries By Reuters

Oil Sinks Further Amid China Concerns, Weakened Economic Prospects By Investing.com

October 25, 2022
Gold Up, Set for Second Weekly Gain as Dollar Falls from 20-Year High By Investing.com

Gold Pressured Near $1,650, Copper Muted on Economic Fears By Investing.com

October 25, 2022
Explainer-What would be the impact of Russian oil sanctions in Europe? By Reuters

Oil prices edge higher as U.S. dollar eases By Reuters

October 25, 2022
Equitieswatch.com

Equitieswatch.com is your Stock Market, Finance, Forex, Cryptocurrency, Business, NFT News Website. We provide you with the latest breaking news and videos straight from the Business industry.

  • Home
  • About us
  • Contact
  • Privacy Policy

© 2022 www.equitieswatch.com

No Result
View All Result
  • Home
  • Stock Market
  • Finance
  • Cryptocurrency
  • Commodities

© 2022 www.equitieswatch.com