How many Apec shares do Mr. Nguyen Do Lang and the defendants hold?

Recently, on June 28th, the Hanoi City Police announced the initiation of a criminal case for stock market manipulation; and the indictment and temporary detention of Mr. Nguyen Do Lang, General Director of APEC Securities Joint Stock Company.

Previously, on June 22, 2023, the Security Investigation Agency – Hanoi City Police issued a decision to initiate a criminal case for stock market manipulation occurring at Asia Pacific Securities Joint Stock Company, Asia Pacific Investment Joint Stock Company, and IDJ Vietnam Investment Joint Stock Company.

Simultaneously, decisions were issued to initiate criminal proceedings and detention orders against 5 defendants for the crime of manipulating the stock market as stipulated in Article 211 of the 2015 Penal Code.

These individuals are Mr. Nguyen Do Lang, Mr. Pham Duy Hung, Ms. Huynh Thi Mai Dung, Ms. Nguyen Thi Thanh, and Ms. Pham Thi Duc Viet. On the same day, the Hanoi People's Procuracy approved the aforementioned procedural decisions. Currently, the Security Investigation Agency of the Hanoi Police is continuing to investigate and expand the case.

As the former head and most influential figure in Apec Group, Mr. Nguyen Do Lang - General Director of Asia Pacific Securities Joint Stock Company (HNX: APS) - owns a large number of shares within the ecosystem.

Finance - Banking - How many Apec shares do Mr. Nguyen Do Lang and the other defendants hold? — Mr. Nguyen Do Lang - General Director of Asia Pacific Securities Joint Stock Company.

As of the end of 2022, Mr. Lang was the largest shareholder, holding 18.8 million APS shares, equivalent to 14.3% of the securities company's charter capital. In addition, Mr. Lang also held over 16.4 million API shares, accounting for 19.6% of the charter capital. Meanwhile, Ms. Huynh Thi Mai Dung – Mr. Lang's wife, who was recently indicted along with her husband – held 8.2 million API shares, equivalent to 9.82% of the charter capital.

At IDJ, Mr. Nguyen Do Lang, along with his wife and son Nguyen Do Duc Lam, also own over 9.2 million shares, accounting for 5.35% of the charter capital. Meanwhile, the Apec Group (including APS, APEC Group, and Apec Holdings Investment JSC) owns 40.4 million IDJ shares, equivalent to 23.3% of the charter capital.

Thus, the total number of shares directly held by Mr. Lang and his relatives is 18.8 million APS shares, over 25 million API shares, and 9.2 million IDJ shares.

Following news of the indictment, all three stocks, APS, API, and IDJ, simultaneously hit their lower limit. Based on current market prices, the total value of shares directly held by the group of shareholders related to Mr. Nguyen Do Lang has "evaporated" by 166 billion VND in just three trading sessions.

The individuals also prosecuted include the Chairman of the Board of Directors of APS, Mr. Pham Duy Hung, a shareholder owning over 200,000 APS shares, equivalent to 0.24%, and 1.6 million IDJ shares, representing 0.92% of the charter capital. Furthermore, Mr. Hung's wife, Ms. Pham Hoang Phuong, a member of the APS Board of Directors, currently holds 180,000 APS shares and nearly 500,000 IDJ shares.

Accordingly, the total number of shares held by the Chairman and his wife of APS is nearly 2 million APS shares and nearly 700,000 IDJ shares. As of now, the value of these shares has decreased by approximately 10 billion VND.

Finance - Banking - How many Apec shares do Mr. Nguyen Do Lang and the other defendants hold? (Figure 2). — APS stock trading statistics.

The list of those prosecuted also includes Ms. Nguyen Thi Thanh, Chief Accountant of Apec Securities, who currently holds 150,000 APS shares, 770,000 API shares, and 1 million IDJ shares. It is known that the value of these shares decreased by more than 6 billion VND after three consecutive sessions of the share prices hitting the floor limit.

Following reports of stock manipulation, from the beginning of the trading week, all three stocks, API, APS, and IDJ, came under strong selling pressure with virtually no buying activity and millions of shares offered for sale at the floor price.

With the lowest market price being for shares of Asia Pacific Investment Corporation (HNX: API), on June 28th, this stock continued to fall by the maximum allowed limit of 9.7%, reaching the floor price of 9,300 VND/share, with a surplus of 6 million units offered at the floor price.

In addition, shares of Asia Pacific Securities (HNX: APS) also saw a similar decline of 9.4% to the floor price of 10,600 VND/share, with a surplus of 9.8 million units offered for sale at the floor price. Shares of IDJ Vietnam Investment (HNX: IDJ) fell 9.26% to 9,800 VND/share, with a surplus of over 26 million units offered for sale without any matching buy orders.

The API, APS, and IDJ group of companies recently commented on the information regarding the initiation of a criminal case for stock market manipulation. Accordingly, all three companies affirmed that they are not involved in and/or have any activities related to the case.

The incident has absolutely no impact on or alteration of the long-term directions or normal operations of the companies, nor does it affect the legitimate rights and interests of customers, shareholders, and partners with whom they have transactions or collaborations.

"Currently, the case is still under investigation and no official conclusion has been reached. When specific information becomes available, the company will provide full and timely updates to our customers, partners, and shareholders," reads the document used jointly by the three companies .

Mr. Nguyen Do Lang - General Director of Asia Pacific Securities Joint Stock Company.

APS stock trading statistics.

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