News · CafeF

Eric Vuong Arrested, Company Risks Losing Over VND 100 Billion

Vuong Le Vinh Nhan (Eric Vuong), former Chairman of HVA's Board of Directors, has been prosecuted and detained in a criminal case linked to the ONUS crypto exchange, along with HanaGold director Ngo Thi Thao. Auditor A&C refused to issue a conclusion on HVA's 2026 semi-annual review because records covering January 1 to March 24, 2026 have been seized by investigators. HVA faces VND 147 billion in at-risk exposure, including over VND 125 billion in business cooperation investments and a VND 22 billion receivable from Trustpay, with no provisions recorded yet. In the worst case, total assets would fall from VND 178 billion to VND 31 billion, equity from VND 149 billion to VND 1.5 billion, and the first-half pre-tax loss would rise from VND 3.5 billion to nearly VND 151 billion. The auditor also flagged material uncertainty that may cast significant doubt on the company's ability to continue as a going concern.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Ông Eric Vương bị bắt, công ty đối diện nguy cơ mất trắng hơn trăm tỷ đồng

Read the original on CafeF ↗

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