How to check the assets of Deputy Minister Ho Thi Kim Thoa's family?

Deputy Minister Ho Thi Kim Thoa's family members hold over 34% of Dien Quang Company's shares with a value of about 668 billion VND.

Before being appointed as Deputy Minister of Industry and Trade in May 2010, Ms. Ho Thi Kim Thoa held the position of Chairwoman of the Board of Directors and General Director of Dien Quang Company. Ms. Thoa was also the representative of state capital, with the State Capital Investment Corporation (SCIC) holding 20.77% at that time.

Ms. Ho Thi Kim Thoa - Deputy Minister of Industry and Trade. (Photo: KT)

Before being appointed as Deputy Minister of Industry and Trade, as of December 2009, the percentage of shares that Ms. Thoa held at Dien Quang Company was only nearly 858,000 shares, but immediately after being appointed as Deputy Minister, the number of shares Ms. Thoa held increased to nearly 1.16 million shares.

"Huge" amount of shares of Mrs. Thoa's family

In the corporate governance report of Dien Quang Company, as of November 30, 2016, the number of shares held by Ms. Thoa was 1.68 million shares, equivalent to 4.91% of capital.

Many members of Ms. Thoa's family also hold large shares in Dien Quang Company.

In first place is Nguyen Thai Nga (Mrs. Thoa's eldest daughter), who is currently Deputy General Director of Dien Quang Company, owning 4.1 million shares, equivalent to an ownership ratio of 12.01%. With more than 4.1 million DQC shares, Nguyen Thai Nga has more than 235 billion VND on the stock market. Therefore, the daughter of Ms. Ho Thi Kim Thoa is in 108th place in the list of the richest people on the Vietnamese stock market.

Ms. Nguyen Thai Nga - eldest daughter of Ms. Ho Thi Kim Thoa (Photo: KT)

Another daughter of Ms. Ho Thi Kim Thoa, Nguyen Thai Quynh Le, also holds more than 2.23 million DQC shares, equivalent to 6.49%, with a value of more than VND 131.5 billion calculated according to the stock value on the stock market.

According to information from Dien Quang Company, in April 2016, the Board of Directors of Dien Quang Lamp Joint Stock Company appointed Ms. Nguyen Thai Quynh Le to hold the position of Project Director of Dien Quang Lamp Joint Stock Company.

Dien Quang Lamp Joint Stock Company has appointed Ms. Nguyen Thai Quynh Le - Company Project Director. (Photo: KT)

Ms. Thoa's younger brother, Mr. Ho Quynh Hung, was appointed Chairman of the Board of Directors and General Director of the company just 5 days after Ms. Thoa was appointed Deputy Minister (May 2010), holding 2.5 million shares, equivalent to an ownership ratio of 7.33%. According to the highest market price on the morning of February 13 of DQC, this amount of shares of Mr. Hung is worth nearly 144 billion VND. With this asset, Mr. Hung is in the Top 200 richest people on the Vietnamese stock market.

In addition, Ms. Thoa's mother, Ms. Tran Thi My Xuan, also holds 1.22 million shares, equivalent to 3.83%.

Thus, 5 members of Deputy Minister Ho Thi Kim Thoa's family hold over 34% of shares. With the closing price of DQC shares on February 16 at VND58,400/share, the value of shares held by Ms. Thoa's family is estimated at VND668 billion.

Information released by the Ministry of Industry and Trade on February 10 said that Ms. Thoa has 18 consecutive years of working at Dien Quang Company.

The Ministry affirmed that all shares owned by Ms. Ho Thi Kim Thoa were acquired before being appointed as Deputy Minister of Industry and Trade, were fully declared in the Deputy Minister's appointment dossier in 2009 and reported to competent authorities before the appointment.

How to check Mrs. Thoa's assets?

Before being appointed as Deputy Minister of Industry and Trade in 2010, Ms. Ho Thi Kim Thoa had 18 years of working experience at Dien Quang Lamp Joint Stock Company. Specifically, from 2000 - 2005, she was the Party Secretary, General Director of the Company and from 2005 - 2010, she was the Chairman of the Board of Directors and General Director of the Company.

A leader of the Securities Commission said that in order to check the process of holding assets of Ms. Ho Thi Kim Thoa at Dien Quang Company, it is necessary to review the entire process of Ms. Thoa working at this enterprise, especially the time of equitization of Dien Quang.

The two relevant agencies, the Ministry of Industry and Trade and the Department of Enterprise Finance (Ministry of Finance), will play a key role in enterprise management at the time of equitization.

From the perspective of the agency managing and supervising listed enterprises on the stock exchange, this person said that he is asking relevant units to review the transaction process of the group of internal shareholders in Ms. Thoa's family to see if there are any unusual or illegal factors./.

According to VOV