The stock market kicked off the week with a positive gap, notably with QCG shares of Quoc Cuong Gia Lai surging significantly. By 9:54 AM on December 8th, QCG’s stock price hit the upper limit of 15,100 VND per share, with trading volume exceeding 2.5 million units. Market capitalization rose to over 4.15 trillion VND.
The rally in shares of Quoc Cuong Gia Lai, chaired by Nguyen Quoc Cuong (Board Member and CEO), followed the company’s announcement of a written shareholder consultation. The focus was on restructuring finances to settle debts per a court ruling in the Truong My Lan case.
The liability stems from a contract with Sunny Island Investment JSC for the Bac Phuoc Kien land project, totaling 2,882.8 billion VND. QCG has paid 1,100 billion VND (from equipment sales and personal loans) and is actively restructuring to settle the remainder. The goal is to ensure normal operations and avoid asset seizures by enforcement agencies.
The Board proposed three key measures for shareholder approval:
First, QCG plans to divest stakes in subsidiaries or affiliates in 2025, ensuring sale prices exceed book values. Independent appraisals will determine valuations, with buyers including related parties, provided they meet financial criteria.
Second, QCG will partner with investors to develop real estate projects in its portfolio.
Shareholders must submit responses by December 16, 2025, via mail or email.
In Q3 2025, Quoc Cuong Gia Lai reported 354 billion VND in revenue, up 45.4% YoY, and 34.1 billion VND in net profit, quadrupling from 2024.
As of September 30, 2025, total assets slightly declined to 8,761.3 billion VND. Work-in-progress assets were 5,402.3 billion VND (61.7%), with inventory at 1,177.1 billion VND (13.4%).
Liabilities totaled 4,150.7 billion VND, down 3.7% YoY. The Sunny Island debt was 1,982.8 billion VND (47.8%). Related-party loans included 507 billion VND from Lai Thi Hoang Yen and 527 billion VND from Lau Duc Duy.
“QCG Considers Selling Subsidiary to Address Debt from Truong My Lan Case”
To address the 2.8 trillion VND liability stemming from the court ruling involving Ms. Truong My Lan, Quoc Cuong Gia Lai Joint Stock Company (HOSE: QCG) has agreed to transfer equity in its ecosystem subsidiaries.
Expert Insights: Early Stages of a New Wave in the Market – VN-Index May Fluctuate Before Targeting 1,800 Points
Early adjustments in the market, if they occur at the beginning of the week, are likely to stimulate low-price demand, thereby creating a more favorable environment for the VN-Index to gradually approach the target range of 1,800 points in the remainder of December.
Quốc Cường Gia Lai Sells Subsidiary to Settle Debts with Trương Mỹ Lan
To address the financial obligations arising from the purchase agreement for the Bac Phuoc Kien Residential Area project with Sunny Island Investment Corporation, Quoc Cuong Gia Lai Corporation proposes that shareholders approve the transfer of capital contributions in its subsidiaries and affiliated companies within this year.
Exclusive: Quốc Cường Gia Lai Seeks Asset Sale to Settle Debt Linked to Trương Mỹ Lan
Revised Introduction:
Quốc Cường Gia Lai proposes shareholders approve capital withdrawal, asset sales, and investment partnerships to secure funds for settling the outstanding VND 2.882 trillion debt linked to Trương Mỹ Lan.
Real Estate Firm Listed on HoSE Appoints New CEO
Our newly appointed CEO assumed the role of Vice President at VPH on November 7, 2025, just shy of a month before being entrusted with the helm of the executive leadership.
