Who is behind the fake Hiup milk powder production ecosystem?

(Dan Tri) - The ecosystem producing fake Hiup powdered milk includes Z Holdings Joint Stock Company, Nature Made Trading and Production Joint Stock Company, and Alama Trading and Technology Company Limited.

Information from the Ministry of Public Security said that the Investigation Police Agency has prosecuted and temporarily detained many subjects for the crimes of Violating accounting regulations causing serious consequences and Producing and trading in counterfeit food products.

The defendants include Hoang Quang Thinh - General Director and Chairman of the Board of Directors of Z Holding Joint Stock Company; La Khac Minh and Nguyen Van Minh - both Deputy General Directors of Z Holding Company; Nguyen Thi Thu Hien - Director of Nature Made Trading and Production Company; Tran Xuan Chien - Director of Alama Trading and Technology Company Limited.

Accordingly, the ecosystem of these defendants specializes in producing and selling counterfeit food supplements and health protection foods to the market in particularly large quantities, including two prominent products: Hiup nutritional products and Chitose special dietary foods.

According to the National Business Registration Portal, Z Holdings Joint Stock Company was established in October 2020. The company registered its head office at Star Tower Building, Yen Hoa Ward, Cau Giay District, Hanoi City. The main business line is advertising. The registered charter capital is 2 billion VND.

Information about Mr. Nguyen Van Dung contributing capital to establish Z Holdings (Photo: DKKD).

Z Holdings' shareholder structure includes Founders Capital Joint Stock Company contributing VND 660 million (equivalent to 33% of charter capital), Mr. Nguyen Danh Tha contributing VND 680 million (34%), Mr. Nguyen Van Dung contributing VND 660 million (33%). At the time of establishment, Mr. Tha was the General Director and Legal Representative. In June 2024, this company increased its capital to VND 2.4 billion.

Founders Capital Joint Stock Company was originally named Netlink Joint Stock Company. This enterprise was established in 2016 with an initial charter capital of 30 billion VND contributed by 4 individuals. Of which, Mr. Nguyen Van Dung contributed 21.75 billion VND. The company operates in the field of information technology.

Information about Founders Capital Joint Stock Company (Photo: DKKD).

The current General Director and Legal Representative is Ms. Luu Thi Phuong Hoa. Mr. Nguyen Van Dung (born in 1989) is the Chairman of the Board of Directors of Founders Capital Joint Stock Company. Business registration information shows that this person's address matches the information of a shareholder contributing capital to Z Holdings Joint Stock Company.

As of May 5, the position of Chairman of the Board of Directors, General Director and Legal Representative of Founders Capital is held by Mr. Dung.

In addition, the document announcing the new establishment of Luxstay Vietnam Co., Ltd. in June 2018 shows that Mr. Nguyen Van Dung is the Director of this enterprise. The information about Mr. Dung in the document matches the new establishment registration of Z Holdings Joint Stock Company.

Information of Mr. Nguyen Van Dung in the registration form for establishment of Luxstay Vietnam Co., Ltd. (Photo: DKKD).

About Nature Made Trading and Production Joint Stock Company, this enterprise was established on February 14, 2023. Headquarters is located in Uy No commune, Dong Anh district, Hanoi city.

The company's main business is food wholesale, including wholesale of sugar, milk, dairy products, confectionery, products processed from cereals, starch, tea, coffee, and functional foods. Other related business lines include packaging services, general wholesale, and retail of food and foodstuffs.

This company registered a charter capital of 5 billion VND. Shareholders contributing capital include Ms. Dao My Linh contributing 2.75 billion VND (55% of charter capital), Mr. Le Van Duyen contributing 1.25 billion VND, Ms. Nguyen Thi Bich Hong contributing 1 billion VND. At the time of establishment, Ms. Dao My Linh (born in 1997) was the Director and legal representative.

On April 25, 2023, the company increased its capital to 12 billion VND. Then on August 21, 2023, it increased its capital to 15 billion VND. On May 17, 2024, the company increased its capital to 45 billion VND.

Alama Trading and Technology Company Limited was established on May 7, 2020 with the main business line being food wholesale, specifically wholesale of meat and meat products. The registered capital is 1.9 billion VND. The company does not disclose information about the owner.

Information about the business owner Alama Trading and Technology Co., Ltd. (Photo: DKKD).

In April 2023, the enterprise increased its capital to 3 billion VND. In August 2024, it continued to increase its capital to 5 billion VND. In February 2025, Mr. Tran Xuan Chien (born in 1996) was the Director, Legal Representative and also the owner of the enterprise.

Source: https://dantri.com.vn/kinh-doanh/nhung-ai-dung-sau-he-sinh-thai-san-xuat-sua-bot-hiup-gia-20250620085612841.htm