The State Securities Commission (SSC) has recently issued a decision to fine Ms. Nguyen Thi Phuong Thao and Mr. Phan Thanh Tam, each 1.5 billion VND, for manipulating PDR shares. They used 164 accounts to trade between them to create fake supply and demand from August 15, 2022, to December 9, 2022. Both are banned from securities trading for 2 years starting from March 24, 2025. Ms. Thao was previously an employee of Phat Dat, serving as chief accountant and later as head of internal control. At the 2018 Annual General Meeting of Phat Dat, she was also nominated for the Board of Directors with the same residence address as stated in the fine decision. Phat Dat confirmed there was no ownership relationship with TPL Shipping, where Ms. Thao was CEO. In 2024, Phat Dat’s financial situation reached a revenue of 2,017 billion VND, but profit after tax decreased by over 23% due to low financial revenue. In the trading session on March 24, PDR shares decreased by 5.2%, down to 19,250 VND/share.
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