Nearly 710 million FLC shares are about to resume trading

HNX has just issued a decision to put FLC shares under restricted trading. Previously, this stock was delisted from Ho Chi Minh City Stock Exchange (HoSE), then transferred to HNX and was suspended from trading.

HNX transferred FLC to restricted trading status based on review of audited financial statements. The reason is that FLC delayed the announcement of its audited financial statements for 2022 by more than 45 days.

FLC has been restricted from trading since May 25 and can only trade on the last session of the week (Friday) on UPCoM. Within 15 days from the date the shares are restricted from trading, FLC must send a written explanation to HNX about the cause and remedial measures.

The decision to allow FLC shares to be traded again was recorded after FLC announced a roadmap to overcome information disclosure violations sent to the State Securities Commission and HNX.

FLC said that UHY Auditing and Consulting LLC has drafted FLC's 2021 financial statements. However, in order to reach a consensus between the two parties on the audit opinion, UHY and FLC are jointly carrying out additional procedures as a basis for issuing appropriate audit opinions.

According to FLC's document, the official audited financial report for 2021 will be announced within 3 days after the two parties agree on the content and no later than May 25, 2023. The Group commits to promptly complete and announce the 2021 annual report within 20 days from the date of announcement of the audited 2021 financial report.

Previously, on February 20, HoSE had compulsorily delisted nearly 710 million FLC shares due to serious violations of information disclosure obligations and other cases. On February 22, the Vietnam Securities Depository transferred FLC share registration and depository data from HoSE to UPCoM.

HNX said that after being forced to delist by HoSE, FLC Group still meets the conditions of being a public company, so FLC shares have been approved by HNX to register for trading on UPCoM.

(Source: Tien Phong)

Useful
Emotion
Creative
Unique

Source