On March 1, BCG Land Joint Stock Company (stock code BCR) announced unusual information stating that it had been notified by competent authorities of the decision to prosecute the company's insiders, including Vice Chairwoman of the Board of Directors Huynh Thi Kim Tuyen and Deputy General Director Le Nong. At the same time, the document confirmed that all company activities are still taking place normally. This is a key member company of Bamboo Capital Group (stock code BCG).
Two leaders of BCG Land were prosecuted (in the photo is BCG Land's Malibu Hoi An project)
PHOTO: BCG LAND
At the same time, Tracodi Construction Group Joint Stock Company (stock code TCD) also announced that it had received notification from the competent authority about the decision to prosecute an insider, Ms. Huynh Thi Kim Tuyen - Vice Chairwoman of the Board of Directors. According to Tracodi, all business activities of the company are operating normally.
Ms. Huynh Thi Kim Tuyen is also a member of the Board of Supervisors of BCG Energy (BGE). All three companies BCG Land, BCG Energy and Tradico are subsidiaries of Bamboo Capital Group Joint Stock Company. On March 1, Bamboo Capital announced that it had been notified by the competent authority of the decision to prosecute the case and the decision to prosecute Mr. Nguyen Ho Nam - former Chairman of the Board of Directors. Bamboo Capital said that from April 27, 2024, Mr. Nguyen Ho Nam had resigned and no longer held any positions at the company. The company's production and business activities continued to operate normally.
Bamboo Capital informs about the prosecution of former Chairman Nguyen Ho Nam
Recently, the Hanoi Stock Exchange also announced the temporary suspension of trading of HIC12103 bonds of Helios Investment and Services Joint Stock Company and BCR12101 bonds of BCG Land Joint Stock Company from February 25. The reason for the temporary suspension is at the request of competent state agencies, falling under the case of temporary suspension of trading as prescribed in Point b, Clause 1, Article 12 of the Regulations on trading of individual corporate bonds.
BCG Land issued the BCR12101 bond lot on March 31, 2021, with a total value of VND2,500 billion and an initial term of 36 months, expected to mature on March 31, 2024. The company was then approved to extend the term to 60 months, meaning the new maturity date is March 31, 2026. Helios' bond lot has a total value of VND3,000 billion, issued on June 23, 2021, with the purpose of increasing the scale of working capital. The bond lot has an initial term of 36 months, an interest rate of 11%/year, and an initial maturity date of June 23, 2024. However, in September 2023, Helios adjusted the term to 60 months, extending the maturity date to June 23, 2026. Notably, Helios' bonds are guaranteed for payment by BCG Land.
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