|
HAGL demands police investigation into bankruptcy ‘rumor’
Hoang Anh Gia Lai Joint Stock Co. has asked the police to investigate and punish those allegedly spreading a “rumor” that the firm is deeply in debt and its chairman Doan Nguyen Duc has been placed under house arrest.
In a statement, HAGL said the rumors began after the central bank sought details of the firm and its chairman’s outstanding bank loans.
But when Thanh Nien Daily asked the company why the State Bank of Vietnam sought this information, it said it was “confidential.”
Nguoi Lao Dong newspaper quoted Chairman Duc as saying, “The malicious rumor drove shareholders into a panic.
“We have urgently requested authorities to take some action to curb these rumors.”
“I’m holding a 55 percent stake in the firm. Based on the current share price, my holding is worth up to VND6 trillion (US$343 million). Conceivably I’m the wealthiest man in the stock market.”
The rumor is being spread to tarnish the firm’s and his prestige, he claimed.
Hoang Anh Gia Lai’s share price Thursday remained unchanged at VND63,000 after six days of gains. The company floated 179.8 million shares on December 22 at a starting price of VND40,000.
Earlier last year, executives at major securities firms in Hanoi and HCMC also had to shrug off talk of them fleeing or being arrested for financial misconduct.
They too had said the rumors could cause grave consequences to their business and the market.
Hoang Uy
thanhnien
|
