According to a decision by HOSE, all nearly 710 million FLC shares will be officially delisted from February 20th. HOSE stated that the reason is FLC's serious violations of information disclosure obligations and other cases that HOSE and the State Securities Commission (SSC) deem necessary to delist in order to protect investor rights, falling under the category of mandatory delisting as stipulated in Clause 1, Article 120 of Decree 155/2020/ND-CP dated December 31, 2020.
A project by FLC Group
Previously, FLC shares were suspended from trading since September 9, 2022, at a price of 3,570 VND per share. According to HOSE, FLC continued to violate regulations on information disclosure after being placed under trading restrictions, falling under the category of securities subject to trading suspension as stipulated. Specifically, FLC had not held its annual general meeting of shareholders despite more than six months having passed since the end of the 2021 fiscal year, had not published its audited financial statements for 2021, and had not selected an auditor for the financial statements.
FLC shares officially delisted.
Recently, FLC Group announced the convening of its second extraordinary general meeting of shareholders in 2023. This extraordinary meeting is scheduled to be held on March 4th at the Bamboo Airways Building (Cau Giay District, Hanoi ). The first extraordinary general meeting of FLC in 2023, held on February 5th, could not take place because the number of shareholders in attendance did not exceed 50% of the total voting shares.
The agenda of the extraordinary shareholders' meeting is to dismiss Mr. Dang Tat Thang, former Vice Chairman of FLC, from his position as a member of the Board of Directors, and to elect two additional members to the Board of Directors for the 2021-2026 term.
Previously, in March 2022, Mr. Dang Tat Thang was elected Chairman of the Board of Directors of FLC after Mr. Trinh Van Quyet was arrested for stock price manipulation. On July 2, 2022, FLC held an extraordinary general meeting of shareholders and elected Mr. Le Ba Nguyen as Chairman of the Board of Directors. Mr. Dang Tat Thang himself continued to serve as Vice Chairman of the Board of Directors of FLC and resigned from the company at the end of July 2022 for personal reasons.
Source: https://thanhnien.vn/chinh-thuc-huy-niem-yet-co-phieu-flc-185230214105815387.htm
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