The business empire of Luong Bang Quang and Ngan 98; Chairman Duc receives good news.

(Dan Tri) - Luong Bang Quang was arrested, revealing the business ecosystem that created hundreds of billions with Ngan 98; Mr. Duc received good news thanks to banana trees; Vinhomes, Novaland and FLC had notable changes last week.

Before his arrest and detention, what kind of business did singer Luong Bang Quang run?

Singer Luong Bang Quang has been indicted and temporarily detained on charges of bribery. Luong Bang Quang is the owner and major shareholder of two businesses worth tens of billions of VND.

In February 2024, he and his partner established Sugar Group Services Company Limited (HCMC), operating in the field of short-term accommodation, Quang currently holds 20% of the capital.

Singer Luong Bang Quang at the police station (Photo: Provided by the police).

At the time of its establishment, Sugar Group had a charter capital of 3 billion VND with 2 shareholders contributing capital. After that, the charter capital, the ratio and the role of Luong Bang Quang's capital contribution changed many times. By last May, this enterprise increased its charter capital to 55 billion VND.

In addition, since 2016, he has owned Luong Bang Quang Co., Ltd., which operates restaurants, entertainment venues, and catering services. The registered capital was 1.9 billion VND, of which Luong Bang Quang contributed 950 million VND, equivalent to 50% of the registered capital. As of this past March, the company increased its capital to 10.2 billion VND.

The ecosystem generating hundreds of billions of dong is "in the hands" of Ngan 98 and Luong Bang Quang.

Before getting into trouble with the law, Ngan 98 and Luong Bang Quang built a business ecosystem, earning hundreds of billions of dong in the 2023-2024 period.

Ngan 98 and Luong Bang Quang run numerous businesses and household businesses, most notably ZuBu Trading and Service Company Limited - the couple's "money-making machine".

According to investigators, although not legally listed, Ngan 98 was the actual operator and primary beneficiary of ZuBu - a distributor of weight-loss products such as Super Detox X3, X7, X1000 and "Collagen vegetable pills" - generating hundreds of billions of VND in revenue during the 2023-2024 period.

The ecosystem generating hundreds of billions of dong is "in the hands" of Ngan 98 and Luong Bang Quang (Photo: Tri Tuc).

ZuBu was established in May 2021 with an initial capital of 200 million VND, with Ngan 98's mother as the director; later, the capital was increased to 3 billion VND and the ownership changed continuously. In September of this year, the company transferred its legal representative to Ms. Tran Thi Ngoc Bich.

In addition, Ngan 98 Trading and Service Company Limited was established in October 2023, with a capital of 1 billion VND, trading in food; it has now temporarily ceased operations after many changes of directors. The couple also owns two individual businesses, ZuBu and Chiu Chiu.

Vinhomes Chairman Pham Thieu Hoa becomes General Director of VinSpeed

According to documents published on the National Business Registration Portal, Mr. Pham Thieu Hoa was appointed General Director of VinSpeed ​​High-Speed ​​Railway Investment and Development Joint Stock Company from October 15th. Simultaneously, Mr. Hoa remains Chairman of the Board of Directors of Vinhomes.

VinSpeed ​​is a new company established by Mr. Pham Nhat Vuong on May 6th, with an initial charter capital of 6,000 billion VND, of which the Chairman of Vingroup contributed 3,060 billion VND, equivalent to 51% of the charter capital.

Mr. Vuong's two sons, Pham Nhat Quan Anh and Pham Nhat Minh Hoang, each contributed 30 billion VND. By July, VinSpeed ​​had increased its charter capital from 6,000 billion VND to 15,000 billion VND.

The main business of this company is railway construction, specifically including railway infrastructure construction and railway industrial infrastructure construction...

Two members of FLC's Board of Directors have resigned.

According to information from FLC Group, two members of the Board of Directors, Mr. Do Manh Hung and Mr. Nguyen Chi Cong, resigned on October 20th, less than a year after their appointments.

In their resignation letters, Mr. Hung and Mr. Cong both stated that due to personal reasons, they were unable to allocate time to fulfill their duties as members of the Board of Directors. Both also requested that the company promptly convene a general shareholders' meeting to consider and approve their resignations, and asked to be excused from attending Board of Directors meetings during this period.

FLC Group's headquarters in Hanoi (Photo: Tien Tuan).

The FLC Group's Board of Directors currently has 5 members, but so far 3 have submitted their resignations. Previously, in early December 2024, Mr. Le Ba Nguyen - Chairman of the Board of Directors and also the brother-in-law of former FLC Chairman Trinh Van Quyet - also requested to withdraw from the Board of Directors, citing his inability to arrange time to attend meetings.

Mr. Bui Thanh Nhon's wife has registered to sell 17 million Novaland shares.

Ms. Cao Thi Ngoc Suong, wife of Novaland Chairman Bui Thanh Nhon, has registered to sell over 17.27 million NVL shares for personal reasons. The sale is expected to take place from October 28th to November 25th through order matching or negotiated transactions.

Ms. Suong registered to sell in the context of NVL stock price hitting the floor in two consecutive sessions on October 20 and October 21, following the conclusion of the bond inspection. It is expected that after the transaction, Ms. Suong will still hold about 33.2 million shares, a ratio of 1.624%. Meanwhile, Mr. Bui Thanh Nhon is holding 4.762% of NVL capital, equivalent to more than 96.7 million units.

Bau Duc receives good news thanks to banana tree, denies returning to real estate

Hoang Anh Gia Lai Joint Stock Company (HAGL, stock code: HAG) recorded net revenue in the third quarter of VND 1,895 billion, up 32% over the same period in 2024.

Of that, the fruit segment continued to contribute the majority of revenue with VND 1,419 billion, an increase of 61% compared to the same period last year. Conversely, the pork segment achieved revenue of nearly VND 40 billion, a decrease of 83% compared to the same period last year. After deducting expenses, consolidated after-tax profit in the third quarter reached VND 432 billion, an increase of 23% compared to the same period last year.

For the first nine months of the year, net revenue reached over VND 5,600 billion, a 34% increase compared to the same period in 2024. After-tax profit reached VND 1,312 billion, a strong 54% increase. HAGL's growth was primarily driven by banana exports. Meanwhile, revenue from the pork segment decreased by more than 79% over the nine months.

Regarding information about a new project in Pleiku and the return of Hoang Anh Gia Lai Group to the real estate market, Mr. Doan Nguyen Duc (Chairman of the Board of Directors) stated that the information is inaccurate and HAGL is not returning to this sector.

Trieu An Hospital of "tycoon" Tram Be reports big profits

Trieu An Private General Hospital Joint Stock Company, where Mr. Tram Be holds the position of Chairman of the Board of Directors, reported third quarter revenue of more than 201 billion VND and profit 3.2 times higher than the same period.

As of September 30, Trieu An's total assets increased to more than VND1,000 billion. On the other hand, liabilities also increased by 6%, to nearly VND356 billion.

Notably, Trieu An currently has outstanding loans of VND 44 billion at the Ho Chi Minh City State Financial Investment Company (HFIC), which is 5.6 times higher than at the beginning of the period due to the addition of a long-term loan of over VND 38 billion in the third quarter.

Source: https://dantri.com.vn/kinh-doanh/de-che-kinh-doanh-cua-luong-bang-quang-va-ngan-98-bau-duc-don-tin-vui-20251026002543839.htm