Business "empire" of Luong Bang Quang and Ngan 98; Mr. 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 being detained, what business did singer Luong Bang Quang do?

Singer Luong Bang Quang has just been prosecuted and temporarily detained for bribery. Luong Bang Quang is the owner and major shareholder of two businesses worth tens of billions of dong.

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 investigation agency (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 Company Limited, which operates restaurants, entertainment and catering services. The registered charter capital is 1.9 billion VND. Of which, Luong Bang Quang contributed 950 million VND, equivalent to 50% of the charter capital. By March, the company increased its capital to 10.2 billion VND.

The ecosystem creates hundreds of billions of dong "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 many businesses and households, notably ZuBu Trading and Service Company Limited - the couple's "money printing machine".

According to the investigation agency, although not legally named, Ngan 98 is the actual operator and main beneficiary of ZuBu - the distributor of weight loss products such as Super Detox X3, X7, X1000 and "Collagen vegetable pills" with revenue of hundreds of billions of VND in the period 2023-2024.

The ecosystem creates hundreds of billions of dong "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 Director; then increased the capital to 3 billion VND and continuously changed owners. By last September, 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 15. At the same time, Mr. Hoa is still Chairman of the Board of Directors of Vinhomes.

VinSpeed ​​is a new enterprise established by Mr. Pham Nhat Vuong on May 6, with an initial charter capital of 6,000 billion VND, in 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 ​​increased its charter capital from 6,000 billion VND to 15,000 billion VND.

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

2 members of FLC Board of Directors resign

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

In their resignation letters, Mr. Hung and Mr. Cong both said that due to personal reasons, they could not arrange the time to undertake the work of a member of the Board of Directors. Both of them also requested that the company convene a general meeting of shareholders soon to consider and approve their resignations and asked to be exempted from attending Board of Directors meetings during this time.

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

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, also the brother-in-law of former FLC Chairman Trinh Van Quyet - also requested to withdraw from the Board of Directors due to the reason of not being able to arrange time to attend meetings.

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

Ms. Cao Thi Ngoc Suong - wife of Novaland Chairman Bui Thanh Nhon - registered to sell more than 17.27 million NVL shares for personal reasons. The expected implementation time is from October 28 to November 25 by order matching or negotiation method.

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 which, the fruit segment still contributed the majority of revenue with 1,419 billion VND, up 61% over the same period. In contrast, the pork segment achieved revenue of nearly 40 billion VND, down 83% over the same period. Deducting expenses, consolidated profit after tax in the third quarter reached 432 billion VND, up 23% over the same period last year.

In the first 9 months of the year, net revenue reached more than VND 5,600 billion, up 34% over the same period in 2024. Profit after tax recorded VND 1,312 billion, up sharply by 54%. HAGL's main growth momentum came from banana exports. Meanwhile, in the first 9 months, pork revenue decreased by more than 79%.

Regarding the information about the new project in Pleiku and the return of Hoang Anh Gia Lai Group to the real estate market, Mr. Doan Nguyen Duc (Bau Duc) - Chairman of the Board of Directors of the enterprise - said that the information was not accurate, HAGL did not have to return to this field.

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 has a loan balance at Ho Chi Minh City State Finance Investment Company (HFIC) of VND44 billion, 5.6 times higher than at the beginning of the period due to a long-term loan of more than VND38 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