Quoc Cuong Gia Lai is a tricky business, lending a trillilla dong from the family of Nguyen Thi Nhu Loan



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In the evening of November 16, Quoc Cuong Gia Lai (QCG) suddenly pointed out that Nguyen Quoc Cuong – Mac Chairman Nguyen Thi Nhu Loan – resigned from a member of the Board of Directors for a term 2017-2021 by the individual. On the same day, the Board of Directors also decided that Deputy Director of Mr Nguyen Quoc Cuong (Cuong Doan) was effective from 16/11/2018.

In the context of tricky issues, QCC is sharing its & # 39; market has reduced the lower points again. In terms of 19/11, just after the Cuong information is deleted & # 39; board, the stock fell to a large extent 3.4% equivalent to 240 dong per section, to 6,800 dong.

QCG stock trades 6 months.

At this time, Nguyen Quoc Cuong holds 537,500 shares (0.2% of capital) of QCGL very small compared to 37.05% of mother shares and 14.32% of Nguyen Ngoc Huyen My sister.

In addition, the family includes a sister, her brother-in-law also has a & # 39; holds many of the QCG departments. Mrs. Loan, Ho Viet Manh (0.56%, equivalent to more than 1.5 million shares) and her two younger sisters, Nguyen Thi Anh Nguyet (holding 3.52% or 9.7 million section) and Nguyen Thi Bich Thuy (holding 0.02% or 68,060 shares). In addition, his son Manh Thao Nguyen (Loan daughter) owns up to 2.34% of the QCG capital, about 6.5 million shares. In all, Ms. owned. Loans and associated people at QCG to 160 million divisions, or 58% of the capital.

In all, Ms. owned. Loans and associated people at QCG to 160 million divisions, or 58% of the capital.

Poor business

It is said that Cuong Do's backdrop from QGC is right after much information related to the Phuoc Kien project, along with a very difficult business situation. In particular, QCC Q3 / 08 did not make a sales of 82 billion and profits before a fee of more than 1 billion, or 30% of the income, even a profit less than 1% of the same time last year.

QCG said that the income reason had fallen down quietly because the company had not been able to access it. Providing sailing addresses to customers in the last verse. At the same time, the profit of the third quarter last year fell significantly, the company has a shift of financial investment, with over 200 billion shifts.

Hardly, after 9 months, QCG income reached 519 billion and pre-tax profits were nearly 58 billion, down 24% and 88% compared to 9 months 2017. Compared to a & # 39; An estimated 1,800 billion revenue and profit plan to date, only 29% and 18%, respectively.

About QCG, once it was known as "giants" in the estate industry, but in recent years the income from this sector fell sharply, and the proportion After that, it would also have changed quickly. By the third quarter of this year, the landowner income fell from VND 39 billion to less than VND 3 billion, a reduction of more than 13 times.

It was not just a land estates, the QCG collected money from two hydro-electric projects, and this was once and # 39; and its company focus in the estate business context is so sad. In addition, The company also added rubber plantations, which recorded more than VND226 billion in unpaid costs on September 30, In general, the 2011-2017 QCG income has become very strong, from 2016 to date to & # 39; declining steadily.

By the third quarter of this year, the landowner income fell from VND 39 billion to less than VND 3 billion, a reduction of more than 13 times.

Paying nearly 1,500 billion VND for individuals

Business in recent years, the problem that looks at a series of external estate projects that are "expanding from the place" with trillions of material connected. Along with that, the company is virtually difficult to provide a major source to be poured into the projects that have not been completed, a great emphasis on the cost of borrowing.

As of 30/9/2018, there were total QCN lists VND7,297 billion, up from the beginning of VND6,917.5 billion, accounting for over 73% of short assets. The total number of total property assets was not 94% complete with more than 6,848 billion, and the Phuoc Kien project was registered 4,803 billion. Phuoc Kien is the largest project in QCG. The project was recorded in a QCG finance report from 2009 with the name of Phuoc Kien Land Project, the current income value of 762 billion.

The total number of total property assets was not 94% complete with more than 6,848 billion, and the Phuoc Kien project was registered 4,803 billion.

In terms of debt, by the end of Q3 / 08, total QCG debts were recorded at VND3,379 billion, up VND1,000 billion compared to the start of the time. Out of this, a short-term debt of VND7,919 billion, equivalent to 94.5% of total loans, focused on two non-fulfillment loans of VND1,075 billion and liabilities short-term VND6,492.5 billion. In particular, in most bank loans, its & # 39; Most of the QCG projects from property, hydro-electric or rubber plantations are taken over by mortgages.

On the other hand, its company has a & # 39; lending up to 1,437 trillion dong from individuals, with over 251 billion dong from the chair, over 45 billion dong from Mrs. Loan's sister, Nguyet's sister near 363 billion dong and 147 billion dong from her children. Ms. Loan and others.

The company has a & # 39; Up to VND1,437 billion from individuals, including Ms. Loans and related people.

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