Looking back at the shares of the Louis Holdings ecosystem, it shows that the stocks have all gone up and down in the most fierce ‘free fall’ style on the stock exchange. TGG increased from 1,900 dong to 74,800 dong/share and BII from 1,500 dong to 31,000 dong/share.
The Investigative Police Agency of the Ministry of Public Security is investigating and verifying a case with signs of stock market manipulation that occurred at Tri Viet Securities Joint Stock Company, Louis Holdings Joint Stock Company and a number of companies with securities companies. relate to.
The investigation results and collected documents and evidence have grounds to determine: During the period from January 4, 2021 to October 6, 2021, Do Thanh Nhan, Chairman of the Board of Directors of Louis Joint Stock Company Holdings, members of the Board of Directors of Louis Capital Joint Stock Company, Louis Land Joint Stock Company colluded with Do Duc Nam, General Director of Tri Viet Securities Joint Stock Company and other subjects to use multiple trading accounts securities transactions buy, sell and entice others to buy and sell securities to manipulate the stock prices of Louis Capital Joint Stock Company (tgg code), Louis Land Joint Stock Company (ticker code BII) and other securities codes. other securities in contravention of the law, illegally earning hundreds of billions of dong.
On April 20, 2022, the Investigative Police Agency of the Ministry of Public Security issued a decision to prosecute the case “Stock market manipulation” that occurred at Tri Viet Securities Joint Stock Company, Louis Holdings Joint Stock Company, Louis Capital Joint Stock Company, Louis Land Joint Stock Company and related entities; at the same time, issued a decision to prosecute the accused, an order to arrest the accused for temporary detention, and a search order for 4 individuals for the crime of “manipulating the stock market” according to the provisions of Article 211 of the penal code including: Thanh Nhan, Chairman of Louis Holdings Joint Stock Company, member of the Board of Directors of Louis Capital Joint Stock Company, Louis Land Joint Stock Company; Do Duc Nam, General Director of Tri Viet Securities Joint Stock Company and some related leaders.
Looking back at the shares of the Louis Holdings ecosystem, it shows that the stocks have been the most fierce and fiercest of the stock exchanges.
TGG, BII emerge as a phenomenon on the stock exchange in 2021. With TGG, shares are only traded at 1,900 -2,000 VND/share in early 2021. However, a force along with hot cash flow entered “price blow” TGG increased rapidly to the peak of the stock at 74,800 VND/share on September 22, 2021. Violent increase up to 37 times in just 6 months. The ceiling stock continuously day after day makes investors “dizzy” in purple color. However, after creating a peak, TGG continuously dropped like a “free fall” when it dropped to 15,300 dong/share at the close of April 15, 2022, corresponding to a loss of 80% in consecutive floor sessions.
TGG and the “pine tree” model
With BII shares, at the end of 2020, BII has a continuous increase to the ceiling price from 1,500 VND/share to 31,000 VND/share, which is an increase of more than 20 times in a short time with dark sessions. After that, BII also made a top along with TGG and dropped deeply with consecutive floor-down sessions. Closing the trading session on April 15, BII still had 8,300 dong/share.
Movement of BII . stock
In addition, some stocks in the ecosystem and related to Louis Holdings also fluctuated strongly such as HQC, AGM, BII, APG, SMT, VKC, DDV, TDH…
It is known that Mr. Do Thanh Nhan often goes on his personal page to talk about stocks. In September 2021, Mr. Nhan wrote: “From now until the end of the year BII can’t get 3X. Everyone can curse freely” or “From now until the end of the year: BII can’t get 3X, TGG can’t get 4X-5X, APG can’t get 2X, SMT won’t get 3X, DDV won’t get 3X, AGM won’t get 2X. Everyone can swear freely. Record it as evidence.”
After Mr. Nhan’s post, shares of the surname Louis witnessed continuous ceiling gains until September 22. No need to wait until the end of the year, just two weeks after his Facebook post, a series of stocks with the surname Louis have all met and exceeded Mr. Nhan’s prediction. Since then, investors have been closely monitoring Mr. Nhan’s “every single move” on community networks.
However, after the news that the State Securities Commission (SSC) announced that it would closely monitor the group of stocks that increased abnormally, including the surname Louis, the stocks in the Louis ecosystem simultaneously plummeted without brakes and continuously. lying on the floor.
In addition to his personal Facebook activities, Mr. Do Thanh Nhan also set up a group called Louis Family on Facebook with the purpose of “a place for discussion and sharing of the Chairman and shareholders of Louis Group”.
After only a month of establishment, the Louis Famlily group has more than 12,900 members. Most of the content in the group revolved around the prospects and bright prospects in the M&A story of Louis Holdings, the shows of profit and even “dating” together to support the stock price when the Louis group plunged.
After the stock price controversy, Louis Capital sent a document to the State Securities Commission to confirm that it had not taken any actions to influence stock prices as well as manipulate the stock market.
Louis Capital’s document also stated that the acts of posting unidentified information directly affected the reputation of the company. Therefore, Louis Capital proposed the State Securities Commission to inspect the compliance with the provisions of the law on securities and the securities market for those who posted false information and handle them in accordance with the law.
Mr. Do Thanh Nhan himself then announced to give up securities. He identifies himself as not a financial person, nor knows anything about securities, and is a new F0 entering the market. He even admitted that he “didn’t know the stock market was a fierce dancing number”.
“I simply think the stock market is a place where many people contribute rice to blow rice together, shareholders participate in an enterprise so that the business has stronger finance from the majority to develop and expand production scale. business, thereby having improved business results and the sweet fruit will be shared by everyone. I completely didn’t know the stock market was a fierce dancing number,” said Mr. Nhan.
at Blogtuan.info – Source: infonet.vietnamnet.vn – Read the original article here