31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Corporate News
FLC stocks subject to transaction suspension
Ngoc Mai 11:39, 2022/08/18
FLC has not held annual shareholder meeting, disclosed an audited financial statement for 2021, or selected an auditor for this year’s version.

FLC shares are subject to transaction suspension due to the corporation’s failure in addressing violations of information disclosure regulations.

 FLC shares are subject for transaction suspension on the stock market. File photo

The Ho Chi Minh City Stock Exchange (HoSE) said trading of the FLC's share would be suspended in a document sent to the FLC group.

According to HoSE, to date, FLC has not yet held annual shareholder meeting, disclosed an audited financial statement for 2021, or selected an auditor for this year’s version.

As FLC shares are currently under limited transaction status (only allowed to be sold/purchased in the evening session) since June 1 due to a delay in submitting an audited financial statement, a heavier penalty would be transaction suspension.

The stock market authority, however, has not provided information over the suspension period.

Shares of the HAI Agrochem Company, another company linked with the FLC Group, have also received a warning for transaction suspension due to a similar reason.

In this case, both are requested to submit a plan to hold annual shareholder meetings and select auditors before August 19.

At the close of yesterday’s session, shares of FLC and HAI dropped to their respective floor prices, losing respective 6.8% and 6.9% from the previous session, as negative information surrounding the corporation had an impact on investors' decisions.

Trading of another share of FLC Faros was previously suspended from August 12, due to a violation in information disclosure of the financial statement report in the second quarter.

FLC has reshuffled its management board after the arrest of its CEO Trinh Van Quyet and other high-ranking officials for alleged stock market manipulation and hiding information.

The corporation’s business performance, however, remains on the downside with an after-tax loss of VND640 billion (US$27.3 million) in the second quarter, taking the accumulated loss in the first half of the year to VND1.1 trillion ($47 million).

RELATED NEWS
TAG: FLC stock transaction hose suspension flc trinh van quyet arrest
Other news
20:30, 2022/30/24
Vietnam Airlines listed among the world’s best 100
The international airline rating organization Skytrax has announced the best 100 airlines in the world in 2022, including Vietnam Airlines.
15:14, 2022/14/16
Vietnam Airlines partners with China Southern Airlines to become airport services
The two airlines will also promote exchange, freight and airport services, bringing diverse and attractive options for passengers.
11:13, 2022/13/12
AEON launches its fast fashion brand in Vietnam
AEON Vietnam focuses on developing private brand products with its characteristics.
20:16, 2022/16/09
Vietnam’s Ong Cua ST25 rice available in UK market
The fact that Ong Cua ST25 rice is being distributed in the UK market shows the quality and status of Vietnamese rice on the global market.
16:28, 2022/28/08
Starbucks Vietnam partners with Vietnamese fintech unicorn to enhance customer experience
The cooperation shows a positive transformation in renewing and enhancing utilities to users in the digital era.
17:18, 2022/18/26
Boeing wants to build supply chain in Vietnam
The US company wishes to build Vietnamese enterprises into its suppliers.