On July 3, Viet Phat will finalize the list of shareholders to participate in the 2025 Extraordinary General Meeting of Shareholders, which is scheduled to be held on July 31. The content and venue of the meeting have not yet been announced.
Explaining the fact that the stock price fell to the floor for 5 consecutive sessions from June 3 to June 9 after the leadership incident, Viet Phat said that the stock price fell to the floor for 5 consecutive sessions possibly because investor sentiment was directly affected by some information related to the Company's insiders (according to information announced on June 3, 2025). The stock price is determined by the market and is beyond the Company's control.
"Currently, the Company is trying to stabilize its human resources and maintain normal operations to ensure production and business completion according to the set plan," Viet Phat emphasized in its explanation.
Notably, after Mr. Nguyen Van Binh was prosecuted, Viet Phat also approved the dismissal of Mr. Nguyen Van Binh from the position of Chairman of the Board of Directors and elected Ms. Le Thi Thanh Le as Chairman of the Board of Directors, effective from June 3. In which, Ms. Le is Mr. Binh's wife.
Previously, on June 3, the Ministry of Public Security said that the Department of Investigation Police on Crimes of Corruption, Economy, and Smuggling (C03) focused on clarifying signs of "Violation of regulations on management and use of state assets causing waste and loss" occurring at Viet Trung Minerals and Metallurgy Company Limited (Viet Trung Company).
Based on the investigation results, on June 2, 2025, C03 also issued a decision to prosecute and search warrants for 8 suspects.
In particular, Mr. Bui Thanh Binh, General Director of Viet Trung Company, was prosecuted for two crimes of violating regulations on management and use of state assets causing loss, waste and accepting bribes.
Prosecuted Mr. Nguyen Van Binh, Chairman of the Board of Directors of Viet Phat; Mr. Ngo Tien Cuong, Director of Tien Dai Phat Company Limited; Mr. Nguyen Duy Nghiep, Director of An Binh Agricultural Products Import-Export Company Limited; Mr. Nguyen Xuan Tot, Director of Trung Thanh Thai Nguyen Company Limited; and Mr. Nguyen Van Duc, General Director of Viet Phat, for the crime of bribery, stipulated in Article 364 of the Penal Code.
In addition, Mr. Le Xuan Dinh was prosecuted for the crime of bribery brokerage, stipulated in Article 365 of the Penal Code. Mr. Nguyen Truong Giang, former Head of the Quality Management and Measurement Department of Viet Trung Company, was prosecuted for the crime of receiving bribes, stipulated in Article 354 of the Penal Code.
Source: https://baovanhoa.vn/kinh-te/viet-phat-vpg-sap-to-chuc-dai-hoi-bat-thuong-144394.html
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