Investigate ‘trash stocks’ manipulation, investors request finance ministry
Dat Nguyen, 16 June 2021
An investors’ association has requested the finance ministry to investigate suspicions that “trash stocks” on the HoSE are being manipulated to several hundred times their actual value. Some of the “trash stocks” are even listed in the VN30 basket which comprises the 30 largest capped stocks on the Ho Chi Minh Stock Exchange (HoSE), the Vietnam Association of Financial Investors (VAFI) said in a statement.
For instance, investors have been asking questions about the surging price of RIC shares of the Royal International Corporation, operator of the largest casino in the northern province of Quang Ninh. Continue reading “Article: Investigate ‘trash stocks’ manipulation, investors request finance ministry”
