Quoc Cuong Gia Lai shares surged on a day when the market declined.

(Dan Tri Newspaper) - Quoc Cuong Gia Lai shares surged to the ceiling price for two consecutive sessions, reaching their highest level in over a year, following news of financial arrangements to repay debts for Ms. Truong My Lan.

Shares of Quoc Cuong Gia Lai Company (QCG) have hit the ceiling price for two consecutive sessions amidst a sharp market correction. Yesterday (December 10th) and today (December 11th), the stock increased by 2,050 VND per unit, reaching 16,450 VND, conquering its highest peak in over a year.

The positive performance of the stock occurred after the company announced it was seeking shareholder approval for a financial restructuring plan to settle the debt owed to Ms. Truong My Lan.

Mr. Nguyen Quoc Cuong - General Director of Quoc Cuong Gia Lai (Photo: FBNV).

According to the proposed plan, the company intends to transfer its capital contributions in subsidiaries and associated companies. The Board of Directors commits that the transfer value will not be lower than the initial investment cost and will hire an independent appraisal firm to determine the price. Simultaneously, the company plans to cooperate and invest in real estate products and projects with capable and interested investors, including related parties.

Shares of the company headed by CEO Nguyen Quoc Cuong bucked the general trend of the stock market, as the VN-Index fell for two consecutive sessions. Today, the index dropped more than 20 points, falling below 1,700 points.

During a market correction, the HoSE exchange welcomed a new listing, VPX, from VPBank Securities Company (VPBankS), with over 1.87 billion shares. The reference price for the initial trading session was 33,900 VND, with a 20% fluctuation range. At this price, the company's market capitalization was approximately 64,000 billion VND, equivalent to 2.4 billion USD. At the end of the first day of trading, the stock fell 9.14% to 30,800 VND per share.

The VN30 group of stocks, including VIC, VPN, VHM, and VJC, collectively had a negative impact on the index. Many of these stocks were subject to net selling by foreign investors, notably VIC, STB, VHM, GMD, and SSI.

Conversely,FPT shares, associated with billionaire Truong Gia Binh, saw the strongest net buying on the exchange, with a value exceeding 240 billion VND. This was followed by MBB (71 billion VND), VIX (51 billion VND), and VPL (50 billion VND).

Source: https://dantri.com.vn/kinh-doanh/co-phieu-quoc-cuong-gia-lai-ruc-ro-trong-ngay-thi-truong-giam-diem-20251211154538952.htm