FLC explains plan to fix suspended stock trading

FLC Group Corporation has just announced information explaining the securities status of FLC shares on the UPCoM trading system.

Accordingly, FLC said that in the past time, the Group has been actively cooperating with the auditing unit to complete the financial statements (FS). However, up to now, the two sides have not yet reached a consensus on the audit opinion on the separate and consolidated financial statements for the 2021 fiscal year. Therefore, FLC has not been able to issue the 2021 - 2022 - 2023 - 2024 financial statements and the 2025 semi-annual report, leading to the company being unable to fulfill its information disclosure obligations as prescribed.

Violation of information disclosure obligations and failure to take measures to remedy the trading restriction caused FLC shares to be suspended from trading.

At the same time, the annual financial statements are a discussion topic and a mandatory document in the annual shareholders' meeting. Because the financial statements have not been released, the company has not been able to hold the shareholders' meeting on time.

In this situation, FLC said that the group is actively taking remedial measures. Recently, FLC has reviewed, supplemented documents, explained and completed necessary procedures to overcome shortcomings in the preparation and audit of financial statements of previous years.

Immediately after completing the audited financial statements, FLC will carry out procedures to hold the annual general meeting of shareholders in accordance with regulations and make information disclosure according to the process. FLC will promptly report on the progress of implementation to ensure transparency, comply with information disclosure obligations and minimize impacts on the interests of shareholders and investors.

In addition, FLC also expressed its hope that the authorities would acknowledge the efforts to overcome the problem and create favorable conditions and support in terms of time, helping businesses complete the remaining procedures, gradually bringing information disclosure activities back into order and stability.

After the incident involving former FLC Chairman Trinh Van Quyet, FLC fell into a difficult situation, its shares had to leave the HoSE from February 20, 2023. Immediately after transferring shares to trade on the UPCoM floor, FLC shares were restricted and suspended from trading. FLC shares have stopped at VND 3,500/share since then.

It is known that on November 11, FLC will hold an extraordinary General Meeting of Shareholders with the expected contents including: Report on business results for the first 6 months of 2025; Personnel matters of the Board of Directors and Audit Committee; Policy on handling existing and arising issues in the company's business, investment and financial activities.

Previously, this extraordinary meeting was unsuccessfully held the first time (August 2025) because the number of voting shares of shareholders attending the meeting only accounted for 32.17%, not meeting the conditions to proceed according to regulations.

Meanwhile, the second extraordinary general meeting of shareholders of Bamboo Airways made an important decision to let FLC return to take over ownership, management and operation of Bamboo Airways.

Source: https://baodautu.vn/flc-giai-trinh-phuong-an-khac-phuc-co-phieu-bi-dinh-chi-giao-dich-d426252.html