Based on the inspection results of the State Securities Commission (SSC), on December 12, 2017, the SSC issued a Decision on administrative sanctions against Mr. Nguyen Trong Duc in the amount of 550 million VND.
The reason is that from August 1, 2016 to January 25, 2017, Mr. Nguyen Trong Duc used 30 accounts to continuously buy, sell, create fake supply and demand, and manipulate stocks of NHP Import-Export Production Joint Stock Company (Stock code: NHP).
UBCK said that based on the inspection results and documents in the records, considering calculating the number of illegal profits from the violation, it shows that there were no illegal profits from Mr. Nguyen Trong Duc's violation.
At the end of the trading session on December 13, NHP shares closed at VND2300/share.
During the period of depreciation, the value of NHP shares plummeted and lost 85.5% of their value. Specifically, on August 1, 2016, NHP shares were listed at VND 17,140/share. As of January 25, 2017, the price of NHP shares was only VND 2,500/share.
