FLC shares will be traded on UPCom from May 26.

The Hanoi Stock Exchange (HNX) has just issued a document announcing the inclusion of FLC shares of FLC Group Joint Stock Company (FLC) in the list of restricted trading on the UpCOM floor.

According to HNX, based on FLC's audited financial report for 2022, the group has been late in submitting its tax return for more than 45 days compared to the regulations. Therefore, HNX has officially put FLC shares under restricted trading since May 25 and they can only be traded on the last session of the week, which is Friday afternoon.

This means that nearly 710 million FLC shares will be traded again after a period of suspension. It is estimated that more than 64,000 investors holding FLC shares will be able to buy and sell on Friday afternoons every week, escaping the situation of "holding junk stocks".

Previously, on February 20, in order to protect investors' rights, the Ho Chi Minh City Stock Exchange (HoSE) decided to delist nearly 710 million shares of FLC. At the same time, the Vietnam Securities Depository transferred FLC stock registration and depository data to the UPCoM market from February 22. However, from March 3, HNX suspended trading of this stock because it had not yet announced the 2021 audited financial statements and the 2022 semi-annual audited financial statements, and had not yet organized the 2022 general meeting of shareholders.

Since Mr. Trinh Van Quyet, former Chairman of FLC Board of Directors, was temporarily detained to investigate stock manipulation, businesses related to FLC's ecosystem have been continuously "delisted". Specifically, FLC Faros Construction Joint Stock Company (ROS); BOS Securities Company (code ART); HAI Agricultural Chemicals Joint Stock Company (HAI)...

S. Nhung

Source: https://nld.com.vn/kinh-te/han-che-giao-dich-co-phieu-flc-tren-san-upcom-tu-ngay-26-5-20230523221607489.htm