How many Apec shares do Mr. Nguyen Do Lang and the defendants hold?

Recently, on June 28, Hanoi City Police informed about the prosecution of a criminal case of stock market manipulation; prosecuted and temporarily detained Mr. Nguyen Do Lang - General Director of APEC Securities JSC.

Previously, on June 22, 2023, the Investigation Security Agency - Hanoi City Police issued a Decision to prosecute a criminal case of stock market manipulation occurring at Asia Pacific Securities JSC, Asia Pacific Investment JSC and IDJ Vietnam Investment JSC.

At the same time, issue a Decision to Prosecute the Accused and a Detention Order for 5 Accused for the crime of stock market manipulation as prescribed in Article 211 of the 2015 Penal Code.

They are Mr. Nguyen Do Lang, Mr. Pham Duy Hung, Ms. Huynh Thi Mai Dung, Ms. Nguyen Thi Thanh and Ms. Pham Thi Duc Viet. On the same day, the Hanoi People's Procuracy approved the above prosecution decisions. Currently, the Investigation Security Agency - Hanoi Police is continuing to investigate and expand the case.

Once the leader and most influential person in Apec Group, Mr. Nguyen Do Lang - General Director of Asia Pacific Securities Corporation (HNX: APS) owns a large number of stocks in the ecosystem.

Finance - Banking - How many Apec shares do Mr. Nguyen Do Lang and the defendants hold? — Mr. Nguyen Do Lang - General Director of Asia Pacific Securities Corporation.

As of the end of 2022, Mr. Lang was the largest shareholder, holding 18.8 million APS shares, equivalent to 14.3% of the securities company's charter capital. In addition, Mr. Lang also held more than 16.4 million API shares, accounting for 19.6% of the charter capital. Meanwhile, Ms. Huynh Thi Mai Dung - Mr. Lang's wife who was recently prosecuted with her husband - is the owner of 8.2 million API shares, equivalent to 9.82% of the charter capital.

At IDJ, Mr. Nguyen Do Lang, his wife and son Nguyen Do Duc Lam also own more than 9.2 million shares, accounting for 5.35% of the charter capital. Meanwhile, the Apec Group (including APS, APEC Group and Apec Holdings Investment JSC) owns 40.4 million IDJ shares, equivalent to 23.3% of the charter capital.

Thus, the total number of shares directly held by Mr. Lang and his relatives is 18.8 million APS shares, more than 25 million API shares and 9.2 million IDJ shares.

After the news of the prosecution, all three stocks APS, API, IDJ simultaneously hit the floor. Temporarily calculating according to the current market price, the amount of shares directly held by the group of shareholders related to Mr. Nguyen Do Lang has "evaporated" a total of 166 billion VND after only 3 sessions.

The individuals also prosecuted include Chairman of the Board of Directors of APS - Mr. Pham Duy Hung, a shareholder owning more than 200,000 APS shares, equivalent to 0.24% and 1.6 million IDJ shares, equivalent to 0.92% of charter capital. At the same time, Mr. Hung's wife, Mrs. Pham Hoang Phuong - Member of APS Board of Directors is holding 180,000 APS shares and nearly 500,000 IDJ shares.

Accordingly, the total amount of shares held by the APS Chairman and his wife is nearly 2 million APS shares and nearly 700,000 IDJ shares. Up to now, the value of these shares has decreased by about 10 billion VND.

Finance - Banking - How many Apec shares do Mr. Nguyen Do Lang and the defendants hold? (Image 2). — APS stock trading statistics.

The list of indictees also includes Ms. Nguyen Thi Thanh - Chief Accountant of Apec Securities, who currently holds 150,000 APS shares, 770,000 API shares and 1 million IDJ shares. It is known that the amount of these shares decreased by more than 6 billion VND after 3 sessions of simultaneous floor price.

Following information related to stock manipulation, from the beginning of the trading week, all three stocks API, APS, and IDJ were under strong selling pressure when there was no liquidity on the buying side with the amount of remaining shares for sale at the floor reaching millions of units.

With the lowest market price being Asia - Pacific Investment Corporation (HNX: API), in the trading session on June 28, this stock continued to decrease by a sharp margin of 9.7%, down to the floor price of VND 9,300/share, with a remaining floor price of 6 million units.

In addition, Asia Pacific Securities (HNX: APS) shares also had a similar decrease of 9.4% to the limit of 10,600 VND/share, with a floor sell order of 9.8 million units. IDJ Vietnam Investment shares (HNX: IDJ) decreased by 9.26% to 9,800 VND/share, with a sell order of more than 26 million units without any corresponding buy orders.

The API, APS, and IDJ groups have recently spoken out about the information about the criminal prosecution of stock market manipulation. Accordingly, all three companies affirmed that they were not related entities and/or had activities related to the above case.

The incident does not affect or change the long-term orientations and normal operations of the companies, nor does it affect the rights and legitimate interests of customers, shareholders and partners who are transacting and cooperating.

"Currently, the case is still under investigation and there is no official conclusion. When there is specific information, the company will update fully and promptly to customers, partners and shareholders," said the document shared by the three companies .

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