On the afternoon of June 23, the State Securities Commission announced that it had received a notice from the Investigation Security Agency, Hanoi City Police, regarding the decision to prosecute a criminal case of stock market manipulation.
Accordingly, the Investigation Security Agency, Hanoi City Police Department has issued a Decision to prosecute the criminal case of "Stock market manipulation occurring at Asia- Pacific Securities Joint Stock Company, Asia-Pacific Investment Joint Stock Company and IDJ Vietnam Investment Joint Stock Company".
The State Securities Commission has requested Asia- Pacific Investment Joint Stock Company, IDJ Vietnam Investment Joint Stock Company and Asia-Pacific Securities Joint Stock Company to disclose information according to regulations and report to the State Securities Commission and the Stock Exchange according to the provisions of law.
The State Securities Commission said it will continue to closely coordinate with relevant authorities in handling the case.
On the stock market, API, IDJ or APS are known as stocks of the Asia Pacific Group (Apec Group). All three stocks have increased quite strongly since the end of March.
In less than 3 months, API and IDJ have both increased by more than 68% while APS's market price has also increased by 53%. But in mid-June there was a strong sell-off...
Apec Group consists of a group of enterprises through share ownership, capital contributions or other partnerships with a development orientation, investing heavily in resort real estate... Currently, the enterprise is implementing a series of projects such as: Apec Mandala Wyndham Mui Ne, Apec Diamond Park Lang Son, Apec Golden Palace Lang Son.
At the end of 2021, the State Securities Commission fined Apec Group Corporation VND 600 million for issuing "illegal" bonds.
Yuan Ming
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