FLC Extraordinary Congress: 2 more bosses resign, about to discuss handling existing issues

FLC - Ảnh 1. — The former FLC Group signboard in Hanoi - Photo: NAM TRAN

FLC Group Joint Stock Company recently announced the second extraordinary general meeting of shareholders in 2025 to be held on November 11 in Hanoi.

FLC strengthens senior personnel

At the congress, FLC's board of directors will present a proposal to dismiss three members of the board of directors (BOD) and elect two new members for the 2021-2026 term.

The list of three members of the Board of Directors to be dismissed this time includes: Mr. Le Ba Nguyen, Mr. Nguyen Chi Cong and Mr. Do Manh Hung. The effective date will be from the date the general meeting approves the dismissal.

In addition, the congress also dismissed Mr. Nguyen Xuan Hoa from the position of member of the board of supervisors.

Previously, the company received a resignation letter from Mr. Le Ba Nguyen on December 4, 2024, citing the inability to arrange time to participate in management. Mr. Nguyen was the former Chairman of the Board of Directors and the brother-in-law of former Chairman Trinh Van Quyet.

The dismissal of Mr. Nguyen was proposed at the extraordinary general meeting held in August 2025, but due to the lack of sufficient shareholders attending as required, it failed.

Then, on October 20, FLC continued to receive resignation letters from two other members of the Board of Directors, Mr. Nguyen Chi Cong and Mr. Do Manh Hung, for the same reason.

Currently, FLC's Board of Directors only has 2/5 members, including Chairman Vu Anh Tuan and member Nguyen Thanh Tung. Mr. Tung has also just officially replaced Mr. Cong as the person in charge of corporate governance, effective from October 20.

Next time, after the congress elects additional members, the new term Board of Directors is expected to have four members.

In addition to staff restructuring, FLC also plans to report on business results for the first 6 months of 2025 and business plan for 2026.

At the same time, the policy of handling existing and arising problems in the group's business, investment and financial activities was approved. In addition, FLC also considered amending the charter and internal regulations on corporate governance.

How are FLC stocks and business situation?

The most recent announcement of FLC's financial report was also around the third quarter of 2022. Therefore, access to the financial situation shown in the latest report is not yet available.

This is also one of the reasons why FLC shares are in a restricted trading situation. In June this year, FLC sent a document to the Securities Commission explaining this situation.

Accordingly, FLC said it could not yet publish the audited financial statements as prescribed because it had not yet reached an agreement with the auditing unit UHY on the audit opinion of the separate and consolidated financial statements for the fiscal year ending December 31, 2021. FLC Group could not yet issue the audited financial statements for 2021, 2022, 2023 and 2024.

"In the difficult situation after the incidents, FLC always strives to overcome limitations and gradually stabilize operations. Information disclosure is also being actively improved," FLC explained.

Due to lack of access to financial reports, many shareholders are unclear about whether the business situation has improved or not. However, recently, it can be seen that some projects have started to restart, including the Hausman Premium Residences project in the west of Hanoi.

In addition, at the extraordinary general meeting of Bamboo Airways shareholders on the morning of September 25, FLC Group agreed to take over the management of this airline.

Bamboo Airways Chairman Le Thai Sam said that continuing to own, manage and operate Bamboo Airways at the present time is beyond the financial and administrative capacity of the new group of investors.

Therefore, he proposed that FLC Group consider taking over ownership, management and operation of Bamboo Airways. The Chairman of the Board of Directors of Bamboo Airways reported to the shareholders' meeting the plan to transfer all shares of the investor group to FLC Group.

FLC Group currently operates in many fields such as real estate, resort tourism, financial investment and aviation. The enterprise has developed a number of large-scale resort and hotel complexes in Quy Nhon, Thanh Hoa, Vinh Phuc and Quang Ninh, contributing to shaping the FLC brand in the high-end tourism and real estate market.

However, after Mr. Trinh Van Quyet - former Chairman of FLC Board of Directors - was arrested in 2022, the group fell into a prolonged difficult period, and at the same time, there were continuous changes in personnel.

BINH KHANH

Source: https://tuoitre.vn/dai-hoi-bat-thuong-flc-them-2-sep-tu-chuc-sap-ban-xu-ly-cac-van-de-ton-tai-20251025191644789.htm