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Another officer of listed pharmacist Vien Dong arrested

In Uncategorized on December 16, 2010 at 10:09 am

Another official of the drug maker Vien Dong was arrested for manipulating share prices, according to the market watchdog.

Le Van Dung (left) shakes hand with an official of the Ho Chi Minh Stock Exchange (

Nguyen Van Viet, member of Vien Dong Joint-Stock Company’s Board of Director, was taken into custody for manipulating share prices, the State Securities Commission of Vietnam said on its website on December 6.

In the same day, the stock market watchdog also asked the pharmaceutical firm listing on the Ho Chi Minh City bourse to inform its shareholders within 24 hours.

Earlier police kept three other officials under a temporary detention for the same violation. They include former chairman of the Board of Directors and general director Le Van Dung, his brother Le Van Manh, and deputy general director and chief accountant Cao Hong Van.

Dung and some other people reportedly created various share trading accounts to manipulate share price of the drug producer Ha Tay (DHT) listing on the Hanoi Stock Exchange.

He also set up many companies run by his friends and relatives to manipulate his own firm’s revenue.

Source: SGGP

90 dead in southern China flooding; 1.4M evacuated may co nhan vien trong cty a noi vay

In Uncategorized on June 19, 2010 at 8:33 am

The death toll from flooding this week in southern China rose to 90 Saturday, and 1.4 million people were evacuated as the inundated region prepared for more heavy storms.

Fifty people were also missing in nine provinces and regions across China’s south, the state flood control office said. Water levels have surged passed safe levels in dozens of rivers, including the Pearl River in the heart of China’s manufacturing region.

As of 8 a.m. Saturday, 5.5 million people had been affected by flooding, the office said.

Its deputy director said more than 1.4 million residents had been moved from low-lying areas since Thursday, the China Daily newspaper reported.

In this Friday, June 18, 2010 photo released by China’s Xinhua News Agency, soldiers transfer an old woman trapped by the flood water at Songxi Town of Qingliu County, southeast China’s Fujian Province

Thirty-five people died in landslides caused by heavy rain, the state-run Xinhua News Agency reported Saturday. The flood control office told The Associated Press it was not clear if that number was included in the overall death toll.

Xinhua cited local officials and said 25 of the landslide deaths occurred late Friday in the eastern province of Fujian.

The National Meteorological Center warned of heavy rains in the region until Sunday afternoon.

Strong storms have collapsed reservoirs, overflowed rivers, caused landslides and power outages, and damaged highways, the disaster relief agency website said.

China Daily reported nine local officials in the Guangxi Zhuang Autonomous Region had been punished for dereliction of duty in flood work, including a reservoir monitor caught playing poker.

China’s rainy season, which began in May, follows the worst drought in a century for the southern Yunnan, Guizhou and Guangxi regions. Drought affected 61 million people, leaving millions without drinking water and 12 million acres (5 million hectares) barren since last year.

Source: SGGP