Accordingly, the BCG stock code of Bamboo Capital Joint Stock Company continued to lose 6.94% of its value compared to last weekend, at VND 5,360/share. Similarly, BCG Land's BCR shares also decreased their stock price to VND3,800/share, down more than 13.64%. BCG Energy's BGE shares also decreased by more than 14.29% to VND4,800/share.
In addition, some codes in the Bamboo Capital ecosystem as well as those related to Mr. Nguyen Ho Nam have also developed quite pessimistically. For example, TCD shares of a subsidiary of Tracodi Construction Group continued to decrease by 6.98% this morning to VND4,000/share. Not only did they decrease sharply, a series of "hammer" stocks Bamboo Capital also recorded sudden liquidity under selling pressure from investors.
Most recently, Bamboo Capital Group Joint Stock Company announced to the competent authority to announce the decision to prosecute the case and the decision to prosecute Mr. Nguyen Ho Nam on February 28, 2025. Bamboo Capital said that since April 27, 2024, Mr. Nguyen Ho Nam has resigned and no longer holds positions on the Board of Directors, Supervisory Board and Executive Board at the company.
On the same day, February 28, Tracodi Construction Group Joint Stock Company - a company with BCG holding 43.9% of capital was also notified by the competent authority about the decision to prosecute the insider, Ms. Huynh Thi Kim Tuyen - Vice Chairman of the Board of Directors of Tracodi. In addition to her position at Tracodi, Ms. Tuyen is also a member of the Board of Supervisors at BCG Energy Joint Stock Company. The BGE has also announced the above incident.
Both sides said that the production and business activities of the companies continued to run normally. Regarding issues related to this incident, the enterprise will conduct information disclosure in a transparent manner in accordance with legal regulations to protect the rights of shareholders.
Not only that, another bad news that also strongly affects these stock groups is that the Hanoi Stock Exchange (HNX) has just announced the temporary suspension of trading for BCR1210.01 bonds of BCG Land Joint Stock Company and HIC12103 bonds of Helios Investment and Service Joint Stock Company.
The reason for the suspension is at the request of a competent State agency, in the case of temporary suspension of trading as prescribed in Point b, Clause 1, Article 12 of the Regulations on individual corporate bond trading. It is known that, like BCG Land, Helios is a company closely related to Bamboo Capital. Currently, Bamboo Capital is the parent company holding more than 62% of BCG Land capital. While Helios was known as a major shareholder of Bamboo Capital before reducing its ownership to below 5% in 2023. In addition, BCG Land is the organization that committed to unconditional guarantee and did not violate all payment obligations for the VND3,000 billion bond lot that had just been suspended from the above transaction of Helios.
