ANTD.VN - Shares of Quoc Cuong Gia Lai Joint Stock Company (QCG) surged to the ceiling price immediately upon opening, with investors rushing to buy after former CEO Nguyen Thi Nhu Loan was reportedly released on bail.
Right from the opening of the trading session on November 26th, QCG shares of Quoc Cuong Gia Lai surged to their upper limit, reaching 11,750 VND per share. The volume of buy orders at the ceiling price increased dramatically, reaching over 1.5 million units by the end of the morning session. Meanwhile, the volume of sell orders was negligible, with only 153,000 units traded.
The positive performance of QCG shares is due to the information recently released by the company, stating that Ms. Nguyen Thi Nhu Loan, former General Director of Quoc Cuong Gia Lai, has been released on bail.
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Ms. Nguyen Thi Nhu Loan has been released on bail. |
Specifically, the former CEO of this company had her preventive measures changed by the Investigation Agency of the Ministry of Public Security on November 11, 2024. Currently, Ms. Nguyen Thi Nhu Loan is out on bail while the authorities investigate the case.
"After the lifting of the restraining order, Ms. Nguyen Thi Nhu Loan continues to support the investment and business activities of Quoc Cuong Gia Lai Joint Stock Company by working alongside the Board of Directors and the General Management Board to continue resolving outstanding issues and projects," the announcement from Quoc Cuong Gia Lai stated.
Previously, on July 19, 2024, Ms. Nguyen Thi Nhu Loan was temporarily detained by the Department of Investigation of Crimes related to Corruption, Economics , and Smuggling (C03, Ministry of Public Security) for violating regulations on the management and use of state assets, causing losses and waste, as stipulated in Clause 3, Article 219 of the Penal Code. Ms. Loan was accused of violating the law in the transfer of the 39-39B Ben Van Don project.
Regarding business operations, Quoc Cuong Gia Lai's Q3 2024 results were also positive, with revenue and profit increasing sharply compared to the same period last year. Specifically, QCG recorded over 178 billion VND in net revenue and nearly 26 billion VND in net profit, almost three times higher than Q3 2023. However, due to losses in the first two quarters of the year, Quoc Cuong Gia Lai still had a cumulative profit of nearly 11 billion VND for the first nine months.
According to the company, the reason for the positive resurgence in business is the improved process of handing over apartments to customers.
Source: https://www.anninhthudo.vn/tranh-mua-co-phieu-quoc-cuong-gia-lai-after-ba-nguyen-thi-nhu-loan-duoc-tai-ngoai-post596599.antd
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