HCMC – Dang Tat Thang, vice chairman of FLC and vice chairman and CEO of Bamboo Airways, has been chosen as chairman of the two businesses, replacing Trinh Van Quyet who was detained on alleged charges of stock market manipulation.

FLC Group announced the news this morning, March 31. Thang will hold the post from March 31 until FLC’s shareholders and board of directors make a new decision. At the upcoming shareholders’ meeting, FLC will vote for new members of the board, the local media reported. While Quyet was the largest shareholder of FLC with a 30% stake and a shareholder of Bamboo Airways, Thang currently holds no FLC shares. Thang is experienced in aviation and project investment and development. He will continue taking charge of FLC’s investment in key markets. Quyet had earlier authorized Vu Dang Hai Yen, deputy general director of FLC Group, to represent him to undertake the duties and rights of the chair of FLC Group and Bamboo Airways, as well as the shareholder rights at the two enterprises. The authority of the shareholder rights at FLC and Bamboo Airways and those relating to Quyet’s assets will remain valid after Thang becomes chairman of FLC. Before Quyet’s arrest, FLC’s board had a chairman, two vice chairs and two members.