BCG – Brief – [NONRATED] – Charge against BOD members

On Mar 1, The Bamboo Capital Group (BCG VN Equity, Non-rated) was notified by the competent authority regarding the decision to initiate a case and a suspect charge against members of BOD. We do not see how the BCG woe could attack the corporate bond market since the scale is immaterial compared to the Van Thinh Phat and Tan Hoang Minh scandalous events. The broad market was immunized by the disclose of BCG prosecution.