Recently, CSC stock has been experiencing volatile fluctuations. As of the closing price of August 28 at VND 28,600/share, it is estimated that Ms. Dung could reap VND 26.8 billion.
| CSC stock has witnessed significant volatility recently |
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This is the second time in 2024 that Ms. Dung has registered to sell CSC shares. In the previous instance, she intended to offload 500,000 CSC shares between July 24 and August 22, 2024, but only managed to sell 300,000 shares due to unfavorable market conditions.
Additionally, in 2023, Ms. Dung had registered to sell CSC shares on two separate occasions, with a target of selling 1 million shares each time, but was unable to complete the transactions in full.
Vice Chairman Nguyen Do Lang’s wife has sold nearly 1 million CSC shares
Apart from her holdings in CSC, as of June 30, 2024, Ms. Dung also owned shares in other companies within the APEC group, including nearly 8.3 million API shares (9.82% stake), approximately 1.7 million APS shares (2.02% stake), and over 5.9 million IDJ shares at the end of 2023 (3.42% stake).
Ms. Dung is the wife of Mr. Nguyen Do Lang, who served as Vice Chairman of the Board of Directors of CSC from 2014 until the end of his term in 2024.
The 2024 Annual General Meeting of CSC was held in April 2024, and a new board of directors was elected to replace the previous one whose term had ended. Notably, the list included Ms. Nguyen Do Hoang Lan (born in 2001) – the daughter of Ms. Dung and Mr. Lang.
In late June 2023, Mr. Lang and Ms. Dung, along with three others, were arrested and detained in a criminal case of “stock market manipulation” involving the APEC group. Following this incident, the APEC group companies underwent a leadership change.
 Mr. and Mrs. Nguyen Do Lang
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CSC is currently going through a challenging business phase, with profits since the fourth quarter of 2022 being significantly lower than in previous periods. In the first half of 2024, CSC recorded a net profit of nearly VND 6.3 billion, a 67% decrease compared to the same period last year.
| CSC is experiencing a downturn in its business performance |
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The FLC CEO’s Escape: How did he assist Trinh Van Quyet in fraud?
As the CEO and Chairman of Faros Construction Corporation, Doan Van Phuong, the defendant, instructed the members of the Board of Directors and the Executive Committee to issue a resolution to increase the charter capital and set up a fraudulent capital contribution dossier. The purpose was to assist Trinh Van Quyet in selling shares to misappropriate over 3,620 billion VND from investors in the stock market.
How did Trinh Van Quyet and his accomplices embezzle and gain illicit profits?
Trịnh Văn Quyết and his accomplices have embezzled hundreds of billions of Vietnamese dong for personal gain by trading shares of multiple companies on the stock exchange, spending on personal expenses, renovating their homes, and repaying loans.
FLC Trinh Van Quyet Case: Police Recommend Strict Action Against 13 Employees of a Major Bank for Wrongdoings
The recent conclusion of an additional investigation by the Police Investigative Agency of the Ministry of Public Security (C01) has implicated Chairman Trinh Van Quyet of FLC Group in the Stock Market Manipulation and Fraudulent Misappropriation case. The supplementary investigation report also mentions 13 supervisors and brokers at a branch of a major bank in Thanh Xuan, Hanoi.
