FLC Group continues to petition for early resumption of stock trading

FLC Group Joint Stock Company (FLC) has just sent a notice to the Hanoi Stock Exchange (HNX), the State Securities Commission and the Ho Chi Minh City Stock Exchange (HOSE) with information on the roadmap to overcome information disclosure violations and meet the conditions for FLC shares to be allowed to trade again on the UPCoM after the delisting.

FLC continues to request support to bring shares back to trading on UPCoM

FLC Group continues to petition for early resumption of stock trading

According to FLC, due to the impact of objective events beyond the control of the group, after many efforts, on September 20, 2022, FLC was able to sign a contract with UHY Auditing and Consulting Company Limited to audit the 2021 financial statements. However, due to many objective reasons, especially arising issues that are not under the authority of the current FLC leadership (need to consult the General Meeting of Shareholders), up to now, the enterprise has not been able to issue the 2021 audited financial statements.

On March 4, 2023, the 2023 Extraordinary General Meeting of Shareholders of FLC Group was officially held with many important issues related to the financial reports of the last 2 years approved by shareholders.

On that basis, the company's board of directors is currently working hard with the 2021 financial statement auditor and reaching an agreement, expecting to issue the 2021 audited financial statements as soon as possible before April 30, 2023.

After issuing the 2021 audited financial statements, FLC Group is expected to complete and publish the 2021 annual report within 20 days from the date of publication of the audited 2021 financial statements.

Next, the Board of Directors will convene the 2022 Annual General Meeting of Shareholders, expected to be held in mid-June 2023, and submit to shareholders for approval the selection of an audit unit for the 2022 financial statements. On that basis, the company will work with the audit unit to conduct the audit of the 2022 semi-annual financial statements, complete and issue the 2022 semi-annual audit report expected at the end of October 2023.

If following this roadmap, FLC Group shareholders will have to wait at least 7 more months for the company to complete the correction of violations due to the delay in publishing financial reports, annual reports and shareholders' meetings over the past year.

However, FLC Group continues to request the authorities to consider and create favorable conditions to support the company to have more time to overcome the problems according to the roadmap and at the same time consider putting FLC shares into normal trading on UPCoM as soon as possible.

Source: https://thanhnien.vn/tap-doan-flc-tiep-tuc-kien-nghi-som-duoc-cho-co-phieu-giao-dich-tro-lai-185230323085520436.htm