Around July 2016, defendant Diệp Dũng directed defendant Hồ Mỹ Hòa to withdraw VNĐ1 trillion ($41 million) from the capital mobilization account for investment cooperation. On August 19, 2016, without the approval of the Board of Directors, Diệp Dũng unilaterally signed an agreement with Đại Á Company for VNĐ300 billion ($13 million) and another with the New Urban Company for VNĐ700 billion ($28 million), both with a annual fixed profit of seven per cent.