On November 15, GELEX Group Corporation (HOSE: GEX) sent information to shareholders and investors, advising investors to be vigilant against fake news and false rumors related to GELEX and Vietnam Export Import Commercial Joint Stock Bank (Eximbank; HOSE: EIB).
The company said that recently, some social media accounts have spread slanderous information with the intention of defaming the activities of GELEX Group and Mr. Nguyen Van Tuan - General Director of GELEX Group related to GELEX owning 10% of Eximbank's charter capital.
This information has appeared since GELEX officially became a major shareholder owning 10% of Eximbank's charter capital and the frequency has shown signs of increasing since Eximbank planned to move its headquarters to Hanoi.
“Currently, GELEX has not nominated any capital representatives to join the Board of Directors or Executive Board at Eximbank. GELEX complies with the rights and obligations of a common shareholder as prescribed by the Law on Credit Institutions, the Law on Enterprises and the Charter of Eximbank,” the Group’s announcement stated.
“GELEX Group affirms that the information being spread from the above social media accounts is false, baseless and aimed at defaming GELEX as well as GELEX leaders. This has seriously affected the interests of GELEX shareholders,” the company emphasized.
GELEX said that from August 9, when GELEX bought more than 89 million EIB shares, GEX closed at VND21,450/share. By November 14, GEX's market price was VND18,200/share, equivalent to a decrease of 17.8%. It is estimated that GELEX's capitalization has decreased by more than VND2,600 billion.
Previously, in October, GELEX also issued a press release, protesting the slanderous acts aimed at defaming the reputation of the Group in general and the individual leaders in particular; at the same time emphasizing: "In the relationship with VIX Securities Company, in 2022, Mr. Nguyen Van Tuan divested all shares. VIX Securities is also not a member company in the GELEX Group system".
At the end of the trading session on November 15, GEX shares reached a market price of VND 18,400/share, a slight increase of VND 200/share, equivalent to an increase of 1.1% compared to the reference price.
