Property developer FLC Group announced on March 31 that Dang Tat Thang will be chairman of the group and Bamboo Airways until a new decision from shareholders' meeting and the board of directors.
Dang Tat Thang will be chairman of Property developer FLC Group and Bamboo Airways (Photo: )
Hanoi (VNA) - Property developer FLC Group announced on March 31 that Dang Tat Thang will bechairman of the group and Bamboo Airways until a new decision from shareholders' meeting and the board ofdirectors.
Thang, who was earlier deputy chairman of FLC and deputychairman and CEO of subsidiary Bamboo Airways, replaces Trinh Van Quyet, whowas arrested for allegedly manipulating the stock market.
Thang, 41, holds a master’s degree in construction andproject management from the UK’s Northumbria University.
FLC Group will also consider electing new board members atthe next shareholders' meeting. The board has a chair, two vice chairs and twoother members.
Before he was arrested, Quyet had authorised the appointmentof Vu Dang Hai Yen, deputy CEO of FLC Group, as the acting chairwoman.
Quyet is being investigated on the act of "manipulatingthe stock market" and "concealing information in securities activities".
On January 10, he sold 74.8 million FLC shares without anyreports and notifications in advance as stipulated in regulations, triggeringpublic concern and pushing the stock market in chaos. He was fined 1.5 billionVND (65,600 USD), the heaviest penalty in line with regulations, and banned himfrom stock trading activities for five months.
It was the second time that Quyet was fined by the SSC forthe same offence. In 2017, he was fined 65 million VND for selling 57 millionFLC shares without proper notice./.
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The Ministry of Public Security's Investigation Police Agency on March 29 decided to launch criminal proceedings against and arrest Trinh Van Quyet, Chairman of the FLC Group Joint Stock Company, pending investigations into suspicion of stock market manipulation.
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Dang Tat Thang will be chairman of Property developer FLC Group and Bamboo Airways (Photo: ) 
