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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.

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

Original headline: Lời chia tay của Cường Đô La

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