The Hanoi Stock Exchange (HNX) has just announced that FLC shares of FLC Group Joint Stock Company (JSC) will be restricted from trading from May 25. However, these shares will only be traded on the UPCoM exchange on Friday afternoons every week.
FLC shares are trading again after the company announced a roadmap to overcome information disclosure violations.
Regarding the roadmap to overcome the delay in submitting the 2021 audited financial report, FLC and UHY Auditing and Consulting Company Limited agreed to publish this report within 3 days, no later than May 25.
As for overcoming the delay in submitting the 2022 audited financial report, the FLC Board of Directors will convene the 2022 Annual General Meeting of Shareholders, scheduled to be held in August 2023, to discuss the selection of an auditing unit.
From there, FLC and the auditing unit will conduct the audited financial report for 2022, expected to be announced on November 30, 2023.
FLC shares were officially delisted from the HOSE on February 20. After that, FLC transferred its shares to trading on the UPCoM exchange.
However, this stock was delisted by HNX due to FLC's serious violation of information disclosure regulations for listed enterprises.
At the time of suspension, FLC recorded 64,700 shareholders and 709.9 million outstanding shares.
Not only FLC, all other stocks of the "FLC family" are being fined and not allowed to be traded. Codes HAI and ROS are being forced to be delisted from the HoSE. Meanwhile, codes KLF, AMD, GAB, and ART are being suspended from trading.
Dozens of codes were "named"
HNX also named a number of stocks that were put under trading restrictions, including: BGM, CT6, DTE, DGT, VXP, etc.
At the same time, HNX also announced that it will continue to maintain the trading restriction for the following stocks: TBH, HVG, TS4, DCS, DPS, CLG, ATB, B82, S12, SJC, SHG...
Among them, SHG of Song Hong Corporation, TS4 of Thuy San 4 or TBH of General Department Store are enterprises that have suffered losses for many years, causing negative equity.
Notably, SJC shares of Song Da 1.01 JSC were also named. Song Da 1.01 has not yet announced its financial report for the first quarter of 2023. According to its financial report for the fourth quarter of 2022, SJC recorded revenue of just over VND 1.7 billion and a loss of over VND 5.1 billion.
Accumulated for the whole year of 2022, SJC recorded revenue of 6.7 billion VND, a sharp decrease compared to 2021 of 45.6 billion VND. After deducting expenses, this enterprise had a net loss of nearly 5.3 billion VND.
Recently, SJC suddenly emerged after Mr. Pham Khanh Phuong (singer Khanh Phuong) bought nearly 3.2 million shares (45.51% of capital) on October 28, 2022.
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