On May 25, FLC Group Joint Stock Company (stock code: FLC) sent an official dispatch to the State Securities Commission and the Hanoi Stock Exchange on the roadmap to overcome the company's information disclosure violations.
Accordingly, this group has not been able to follow the previously announced schedule of submitting audited financial statements before May 26.
The document dated May 25 of FLC stated: On April 5, 28, FLC Group commits that the 4 audit report will be officially released no later than May 2023, 2021. However, up to now, according to Document No. 25/5/CV UHY of UHY Auditing and Consulting Co., Ltd. dated May 2023, 63, after the consensus exchange process, there are still some issues that have not reached consensus between the two parties, so the financial statements have not been completed.
“Up to now, the issuance of FLC's 2021 audited financial statements has not been completed. FLC will urgently coordinate with UYH to issue financial statements and disclose information in accordance with regulations.
After the financial statements for 2021 are released, the board of directors of FLC group will convene the annual general meeting of shareholders to approve the selection of an auditor for the 2022 financial statements. On that basis, the company will work with the audit unit to audit the financial statements of 2022″- the document stated.
Thus, once again, FLC leaders broke their promise to more than 64.700 shareholders of the group about bringing their shares back to the stock exchange.
Headquarter of FLC Group in Hanoi.
Recently, on May 22, the Hanoi Stock Exchange has announced that FLC shares will be restricted from trading from May 5 because of late submission of the 25 audited financial statements more than 5 days from the end of the time limit for information disclosure as prescribed.
At the same time, FLC shares continued to be suspended from trading because the organization that registered for trading was a company that was forced to delist due to serious violations of the obligation to disclose information and other cases as prescribed.
