On July 23, a representative of the Department of Planning and Investment of Gia Lai province said that in the province there are currently 5 hydroelectric and rubber planting projects of Quoc Cuong Gia Lai Joint Stock Company, with a total investment of 843 billion VND. copper.
According to the investment registration certificate, Quoc Cuong Gia Lai Joint Stock Company has projects including: Iagrai 1 hydropower plant (total investment 231 billion VND), Iagrai 2 hydropower plant (112 billion VND) in Ia district Grai, Gia Lai province.
Quoc Cuong Gia Lai Joint Stock Company also owns Ayun Trung hydropower plant (total investment of 375 billion VND) in Mang Yang district. In addition, this enterprise also implemented 2 rubber planting projects in Chu Prong district with a total investment of 125 billion VND.
Quoc Cuong Gia Lai Joint Stock Company headquarters is located on Nguyen Chi Thanh Street, Pleiku City, Gia Lai Province. However, this location is closed all year round, with very few people entering or leaving. Mainly accountants, security guards, laborers... of this company often visit the headquarters.
In May 2024, the Board of Directors of Quoc Cuong Gia Lai Joint Stock Company (stock code: QCG) passed a resolution to transfer the project and other assets belonging to the Iagrai 2 hydroelectric plant project and Ayun hydroelectric plant project. Central.
The purpose of transfer is to restructure investment. Implementation time is in the second and third quarters of 2024. Total transfer value is 615 billion VND.
Specifically, Iagrai 2 Hydropower Plant will be transferred with a value of 235 billion VND. The project has a capacity of 7.5 MW and was first granted investment certificate in 2007.
Ayun Trung hydroelectric plant has a transfer value of 380 billion VND. This project has an installed capacity of 13 MW and was first granted investment certificate in 2009.
On July 18, 2024, the Police Investigation Agency of the Ministry of Public Security issued a Decision to prosecute the defendant, an Order to arrest the defendant for temporary detention, and a Search Warrant for Nguyen Thi Nhu Loan - General Director of Quoc Cuong Joint Stock Company. Gia Lai in the case occurred at Vietnam Rubber Industry Group, Dong Nai Rubber Company, Ba Ria Rubber Company, Ministry of Natural Resources and Environment and related units.
The Police Investigation Agency of the Ministry of Public Security conducted an extensive investigation of the case "Violation of regulations on management and use of State assets causing loss and waste; Bribery; "Abusing positions and powers while performing official duties" occurs in these units.
