On the stock market, CRE shares dropped by 6.5% on December 22nd, before rebounding by 4.1% in the morning session of December 23rd.
In the latest announcement, Cen Land clarified that all investment activities conducted by individual board members, including Vice Chairman Pham Thanh Hung, are personal investments. These activities are carried out based on the independent decisions of each individual, without representing, acting on behalf of, or being authorized by Cen Land. “Therefore, legally, individuals are solely responsible for their personal investment activities.”
Cen Land also emphasized that the company does not participate in, guarantee, accompany, benefit from, or have any legal, financial, or operational connection with these personal investment activities.
Mr. Pham Thanh Hung – Vice Chairman of Cen Land
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As a real estate company, Cen Land stated that it always ensures a strict separation between the company’s management, operations, and business activities and the personal investment activities of its board members.
Additionally, Cen Land confirmed that the personal investment activities of board members do not create any joint obligations, liabilities, or risks for the company. These activities also do not impact the company’s business operations, financial capabilities, development strategies, or long-term goals.
Amid the sensitive situation, the real estate developer advised the public to seek information from official, comprehensive, and objective sources.
| CRE stock performance from early October to present |
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