**Ferrari Unveils New 12-Cylinder Supercar: Cường Đô La Orders a Unit**
After discontinuing the 812 Superfast, a model recently purchased by Dang Le Nguyen Vu, Ferrari unveiled its new 12-cylinder supercar, the 12Cilindri, on May 3rd. The model comes in two variants: the Coupe and the convertible Spider.
Nguyen Quoc Cuong, better known as Cuong Do La, expressed his interest in purchasing the Ferrari 12Cilindri during its virtual debut on Facebook, just three hours after the car’s official launch at 7:00 AM on May 3rd (Vietnam time). According to the official distributor, only two units are allocated for the Vietnamese market.
The Ferrari 12Cilindri Coupe starts at €395,000 (approximately $420,000) in Italy, while the Spider variant is priced higher at €435,000 ($460,000). When imported to Vietnam, the supercar’s estimated price could exceed $1 million after taxes and fees.
Nguyen Quoc Cuong is recognized as one of Vietnam’s most passionate car enthusiasts and a renowned “Ferrarista” (Ferrari collector). His collection includes models such as the 360 Spider, F430, 488 GTB, F12berlinetta, and F8 Tributo. He currently owns a personalized Ferrari SF90 Spider in Blu Tour De France.
Cuong Do La and his family have recently enjoyed success in the stock market. Since the beginning of 2024, the share price of Quốc Cường Gia Lai (QCG) has surged by almost 50%. Its market capitalization now exceeds $180 million.
Nguyen Quoc Cuong directly owns 537,500 shares of QCG, representing a market value of over $3.4 million. Since the beginning of the year, the value of his QCG shares has increased by $1.3 million. Dam Thu Trang, Cuong Do La’s wife, does not hold any QCG shares.
Nguyen Thi Như Loan, Cuong Do La’s mother, serves as a member of the Board of Directors and General Director of Quốc Cường Gia Lai. She holds 101.9 million QCG shares, representing 37.05% of the company’s equity. Since the beginning of the year, the value of Loan’s QCG shares has increased by over $230 million to nearly $680 million.
Other notable shareholders include Loan’s daughter, Nguyen Ngoc Huyen My, who owns over 39 million shares; and son-in-law, Lau Duc Duy, who holds over 10.5 million QCG shares. Loan’s siblings, Nguyen Thi Anh Nguyet and Nguyen Thi Bich Thuy, also hold significant stakes in the company with 9.7 million and 81,750 shares, respectively.
Regarding Quốc Cường Gia Lai’s recent business performance, the company recorded revenue of nearly $1.6 million in the first quarter of the year, which represents a 75% decrease from the same period last year. Gross profit also declined significantly to less than $250,000. After deducting expenses, Quốc Cường Gia Lai reported a net profit of $55,000 in Q1 2024.
As of March 31st, 2024, Quốc Cường Gia Lai’s total assets stood at $406 million, primarily consisting of $297 million in inventory, of which over $275 million represents undeveloped real estate. Cash on hand amounted to $1.3 million at the end of the quarter.
At the end of Q1, Quốc Cường Gia Lai’s total liabilities stood at $220 million, including $183 million in short-term payables (of which $122 million was received from Sunny for the Phuoc Kien Project). This amount is reportedly related to the Van Thinh Phat case, in which the Court of Trial has advised QCGL to reimburse Truong My Lan to resolve the matter.
