FLC, Bamboo Airways have a new operator to replace Mr. Trinh Van Quyet
Mr. Trinh Van Quyet authorized Deputy General Director Vu Dang Hai Yen to perform the tasks and powers of the Chairman of the Board of Directors at FLC, Bamboo Airways.
Chairman of FLC Group Trinh Van Quyet on March 29 was recently arrested prosecute, arrested on charges of “manipulating” and “withholding securities information”. Immediately after receiving this information, FLC said that Mr. Trinh Van Quyet had authorized the operation to Ms. Vu Dang Hai Yen, deputy general director of the group. This is to limit any risks that may arise and ensure regular operations of FLC and Bamboo Airways.
Accordingly, Ms. Vu Dang Hai Yen will perform the tasks on behalf of Mr. Quyet, acting Chairman of the Board of Directors at FLC and Tre Viet Aviation Joint Stock Company (Bamboo Airways). Similarly, Ms. Hai Yen also authorized all shareholder rights in these two enterprises; rights related to properties, property rights owned by Mr. Trinh Van Quyet.
Mr. Trinh Van Quyet is the largest shareholder in FLC Group, owning more than 30% of capital. He and his relatives are also one of the shareholders of Tre Viet Aviation Joint Stock Company (Bamboo Airways).
Born in 1978, Ms. Vu Dang Hai Yen has a doctorate in Economic Law. She was appointed as Deputy General Director of FLC for the first time in March 2017. She also served as Assistant to the Board of Directors of FLC Group, Director of SMiC Law Firm (law firm founded by Mr. Quyet).
In addition, she also worked as a member of the Board of Directors of two FLC related enterprises, Faros Construction Joint Stock Company and FLC AMD Minerals and Investment Joint Stock Company.
Before joining FLC, Ms. Vu Dang Hai Yen used to hold the position of Head of Legal Department of State Capital Investment Corporation (SCIC), Deputy Head of Commercial Law Department (Hanoi Law University). .
Along with assigning operating personnel instead, FLC also affirmed that this group is not involved in or has activities related to the arrest of Mr. Trinh Van Quyet.
According to FLC, the case is related to Mr. Trinh Van Quyet personally conducting recent securities trading transactions and is still in the process of initial investigation, with no official conclusion. Mr. Quyet is continuing to coordinate with relevant authorities in the investigation process to clarify related issues.
“The incident completely does not affect or change the important orientations of FLC in production, investment, business activities as well as sustainable development in the coming time,” FLC Group said and affirmed. The legal rights and interests of customers, shareholders and partners having transactions and cooperation with the corporation are not affected.
The Board of Directors of FLC also met and quickly came up with measures and plans to ensure stable business operations in the new situation, in accordance with the goals and plans set by the Board of Directors and the Board of Directors.
Currently, FLC’s leadership includes General Director Bui Hai Huyen and 12 deputy general directors.
The Ministry of Public Security said that, along with Mr. Quyet, many individuals of FLC Group, BOS Securities Joint Stock Company and other companies are also being investigated for acts of “manipulating the stock market”, “covering” hiding information in securities activities” in the mistake that occurred on January 10. The work of these people is considered by C01 to cause serious damage to investors, affecting the operation of Vietnam’s stock market.
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