VietNamNet Bridge - It will be unfortunate if businesses see their share prices fall dramatically or their sales to slow down in 2016.

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Dat Xanh Group, a real estate developer, fell prey to the rumor in late April that Dat Xanh swindled Gia Phu Land and that Dat Xanh incurred a big loss of hundreds of billions of dong.

The rumor then caused Dat Xanh share prices to drop from VND17,000 per share to VND13,000. Fortunately, the price of the share recovered after the case was clarified. The legal entity involved in the dispute with Gia Phu Land was Dat Xanh Dong A.

Hoang Anh Gia Lai owned by Doan Nguyen Duc, one of the Vietnamese influential businessmen, also had to go through many hardships.

The rumor that Hoang Anh Gia Lai was in a state of insolvency came out following a report which said the group was facing big difficulties. The report mentioned the group’s debt worth nearly VND1 trillion.

LDG in early November met unforeseen adversity just because it planned to issue additional shares to increase chartered capital. 
Hoang Anh Gia Lai’s president reacted quickly by appearing before the public denying false information. The prompt action helped rescue Hoang Anh Gia Lai’s share prices.

The rumor that Hoang Huy would be inspected for car sales and tax payments in late June 2015 was enough to put the company in trouble, because at the time, Hoang Huy shares attracted special attention from investors.

Though Hoang Huy’s president Do Huu Ha immediately denied the rumor in the mass media and bought treasury stocks, Hoang Huy shares still saw prices fall to the floor price levels for three consecutive trading sessions.

In late August 2015, there was a rumor on the stock market that Dang Thanh Tam, president of Kinh Bac Urban Area Development Corporation, was arrested.

The rumor emerged when the stock market was shaking because of the State Bank of Vietnam’s decision on the dong/dollar exchange rate adjustment. Therefore, it made investors nervous.

Kinh Bac shares then saw the price drop to the floor price level at one trading session. The shares of ITA, a company which has relations with Kinh Bac, also saw the price drop by 1.7 percent during the same trading session.

LDG in early November met unforeseen adversity just because it planned to issue additional shares to increase chartered capital. Investors whispered to each other that LDG had to issue shares just three months after it began listing shares on the bourse, showing that it did not have money to implement projects. As a result, LDG share prices were traded at the floor prices for three trading sessions.


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