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FLC's new chairman resigns as director of securities subsidiary

By Phuong Dong   August 7, 2022 | 09:17 pm PT
FLC's new chairman resigns as director of securities subsidiary
FLC Group's chairman Le Ba Nguyen. Photo courtesy of FLC
Le Ba Nguyen, the newly appointed chairman of property developer FLC, has resigned from the board of BOS Securities, a subsidiary linked with many FLC executives.

Nguyen cited "personal reasons" for the decision. His resignation Wednesday came two weeks before the company’s annual general meeting.

He became a BOS director in 2019 but does not own any shares in the company.

In July, he was appointed FLC chairman, three months after his brother-in-law and ex-chairman Trinh Van Quyet was arrested for allegedly manipulating the stock market.

BOS’s former legal representative, chairwoman Huong Tran Kieu Dung, was arrested along with Quyet.

BOS' revenues and pre-tax profits are set to increase by 10.6 and 10.8 percent year-on-year to VND104 billion and VND41 billion this year, respectively.

 
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