Shares of Quốc Cường Gia Lai (QCG) hit the daily limit up to VND 10,300 per share in the morning session of 14/9, their highest level in about a month, after Nguyễn Thị Như Loan returned as CEO, replacing Nguyễn Quốc Cường. According to the appellate verdict, Loan, arrested in July 2024 over the 39-39B Bến Vân Đồn land plot case, had her sentence reduced to 11 months and 18 days of non-custodial reform; her 116 days in pre-trial detention were credited, so she has completed the sentence. Nguyễn Quốc Cường, who ran the company for two years in her place, acknowledged in a farewell letter that results fell short of shareholder expectations. In the first half of 2026, revenue was about VND 80 billion, roughly one-third of the year-earlier level, while after-tax profit exceeded VND 181 billion, 18 times higher, mainly from asset liquidation and the sale of a hydropower plant. Revenue remains far below the full-year plan of VND 2,403 billion.
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Original headline: Cường Đô La chia tay, cổ phiếu QCG "có biến"
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- Farewell Letter from Cường Đô La
Nguyễn Quốc Cường (Cường Đô La) published a farewell letter to shareholders after Nguyễn Thị Như Loan returned as CEO of Quốc Cường Gia Lai (HoSE: QCG), ending two years he led the company in his mother's place. He acknowledged that results have not fully met shareholder expectations and said the company should continue restructuring and strengthening its finances. On 12/10/2026 the board approved changing the legal representative from him to Ms. Loan, with the same CEO title. In the first half of 2026, revenue was about 80 billion VND, down sharply year on year, while after-tax profit exceeded 181 billion VND, about 18 times the prior-year level, mainly from liquidating and selling hydropower plants.
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