Dat Xanh Group speaks out after Mr. Nguyen Khanh Hung was arrested

On November 30, Dat Xanh Group Corporation (stock code: DXG) issued a notice confirming that it had divested capital from LDG Investment Corporation, where Mr. Nguyen Khanh Hung is Chairman of the Board of Directors.

Dat Xanh speaks out about its relationship with LDG and Mr. Nguyen Khanh Hung

Dat Xanh's announcement said that there is currently some news related to Mr. Nguyen Khanh Hung being prosecuted and temporarily detained for violations in the implementation of the Tan Thinh Residential Area project in Dong Nai . It mentioned Mr. Hung's working process at Dat Xanh Group.

However, the group confirmed that Mr. Nguyen Khanh Hung had resigned from his positions at the group since December 2019, as well as resigned from the position of Vice Chairman of the Board of Directors of Dat Xanh Group in January 2021.

Regarding the relationship between LDG and Dat Xanh, the announcement stated: "LDG used to be an affiliated company with Dat Xanh, but in July 2020, the group divested and ended all responsibilities and interests at LDG."

Specifically, in July 2020, Dat Xanh Group announced information that Dat Xanh and its subsidiary, Ha Thuan Hung Construction Trading Service Co., Ltd., registered to sell a total of 88 million LDG shares, equivalent to 36.72% of LDG's charter capital for the purpose of divestment, ending all responsibilities and rights with LDG.

On the stock market, DXG stock price fell nearly 3% last week. However, since the beginning of November, this stock has still increased by more than 15%.

Source: https://nld.com.vn/tap-doan-dat-xanh-len-tieng-sau-khi-ong-nguyen-khanh-hung-bi-bat-giam-196231201120706538.htm