DVD: Delinquency at Vien Dong Pharma JSC

State Securities Commission of Vietnam (SSC) has announced delinquency at Vien Dong Pharmaceutical Joint Stock Company (Vien Dong Pharma JSC) (HOSE: DVD) as follows:

- Putting Ms. Cao Hong Van – Deputy CEO in Finance and Chief Accountant in temporary detention because of relating bribery.

- Delinquency of Mr. Le Van Dung and others:

With initial information from the investigation department, Mr. Le Van Dung – Former Chairman of the BOD and CEO of Vien Dong Pharma JSC and some others opened other accounts, traded collusively DHT shares to make false demands and control DHT price. Beside, they opened others companies in their family members and friends’ names but he really directed string transactions to make bogus revenue for Vien Dong Pharma JSC and announced false information such as large value of contracts, revenue of Vien Dong Pharma JSC to offer DVD shares to public and list the shares on HOSE.

SSC defined token of swaying DVD shares and passed it to the investigation department.

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