3 Apec stocks continue to hit the floor for the 5th consecutive session

On June 30, all three Apec stocks, including APS, API and IDJ, continued to be sold off by investors. The remaining selling volume at the floor price of all three stocks was still nearly 30 million units. This is the fifth consecutive floor price drop of these three stocks since the stock manipulation case at the three Apec companies, Asia- Pacific Securities Corporation (APS), Asia- Pacific Investment Corporation (API) and IDJ Vietnam Investment Corporation (IDJ), was prosecuted.

3 Apec family stocks continue to hit the floor for the 5th consecutive session

After 5 sessions of floor price reduction, all 3 stocks evaporated more than 40% such as APS stock down to 8,700 VND, stock down to 7,600 VND and IDJ down to 8,100 VND. Most importantly and lasting for 5 consecutive sessions this week, the liquidity of the 3 Apec stocks also disappeared. While floor price sell orders piled up, buyers were few and far between and there were sessions when only a few tens of thousands of units were matched, while last week the transactions of each of the above stocks were up to 5 - 10 million units.

The investigation agency has initiated a case of stock manipulation at 3 companies and also temporarily detained many defendants. At the end of June 29, all 3 companies announced the appointment of new personnel. Specifically, the APS Board of Directors decided to remove Mr. Pham Duy Hung from the position of Chairman of the Board of Directors and elected Mr. Vu Trong Quan - a member of the Board of Directors to take the position of Chairman of the Board of Directors. In addition, APS also appointed Mr. Nguyen Quang Huy - a member of the Board of Directors as the person in charge of information disclosure and Ms. La Thi Quy as the person in charge of accounting from June 29.

At API, the Board of Directors approved the dismissal of Ms. Nguyen Thi Thanh from the position of Chairwoman and instead elected Mr. Nguyen Van Ly - a member of the Board of Directors to take the position of Chairwoman, who is also in charge of the company's information disclosure.

For IDJ, the Board of Directors decided to remove Mr. Pham Duy Hung from the position of Chairman and elected Mr. Vu Trong Quan to take the position of Chairman of the Board of Directors of the company.

Source: https://thanhnien.vn/3-co-phieu-ho-apec-tiep-tuc-nam-san-phien-thu-5-lien-tiep-185230630114508093.htm