FLC sent a document to the Securities Commission, has Mr. Trinh Van Quyet returned to the business world?

FLC shares remain restricted from trading as the group has not been able to publish its audited consolidated financial statements for more than 4 years, from 2021 to present.

FLC Group Headquarters - Photo: NAM TRAN

FLC Group has just sent a document to the Securities Commission explaining the cause and solution to fix the securities status of FLC shares.

According to FLC, the group has actively coordinated with the auditor to complete the financial reports. However, up to now, the two sides have not yet agreed on the audit opinion on the separate and consolidated financial reports for 2021.

This makes it impossible for FLC to issue audit reports for 2021, 2022, 2023, 2024, as well as the semi-annual review report for 2025, leading to the inability to disclose information on time as prescribed.

Due to the lack of measures to remedy the violation of information disclosure obligations, FLC shares continue to be suspended from trading on UPCoM.

The delay in publishing financial reports also prevented the group from holding its annual general meeting of shareholders on time.

FLC said it is making efforts, being proactive, receptive and determined to overcome difficulties, gradually bringing the group's operations into a stable and sustainable state. As soon as the audited financial report is completed, the group will hold an annual general meeting of shareholders and disclose information in accordance with current regulations.

After the incident in which former Chairman Trinh Van Quyet was arrested for stock market manipulation in early 2022, FLC Group and its shares fell into difficulty.

When forced to leave the HoSE, more than 709 million FLC shares were planned to be traded on UPCoM in March 2023 with a reference price of VND3,500/share on the first trading day. However, from March 3, the Hanoi Stock Exchange suspended trading of this stock.

In a related development, FLC has announced the second extraordinary general meeting of shareholders in 2025 to be held on November 11 in Hanoi.

At the congress, FLC's board of directors will propose the dismissal of three board members and elect two new members for the 2021-2026 term.

The list of three board members 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.

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

Mr. Trinh Van Quyet returns to the business world?

New developments at FLC Group took place in the context of Mr. Trinh Van Quyet - former Chairman of the Board of Directors of FLC - officially completing his obligations to execute the judgment.

A representative of the Ministry of Justice said that up to now, Mr. Quyet has completed all payments according to the verdict, including joint compensation obligations with other defendants.

The return of Mr. Trinh Van Quyet and new moves from FLC are attracting great attention from investors, in the context of this enterprise's efforts to overcome financial backlogs and return to transparent operations on the stock market.

BINH KHANH

Source: https://tuoitre.vn/flc-co-van-ban-gui-uy-ban-chung-khoan-ong-trinh-van-quyet-da-tro-lai-thuong-truong-20251031192241596.htm