FLC: FLC shares likely to be suspended

On August 16, 2022, the Hochiminh Stock Exchange (HOSE) issued a document on the possibility of trading suspension for the shares of FLC Group Joint Stock Company (HOSE: FLC) if the Company continues the violation of disclosure regulations and ask the Company to send an explanation document on the schedule of annual general meeting as well as the selection of an audit firm in 2022.

On August 18, 2022, HOSE received a document on remedies for violations by FLC Group Joint Stock Company. Accordingly, the Company expected to convene the 2022 Annual General Meeting of Shareholders in November 2022 in order to select an audit firm to perform the review and audit of financial statements in 2022. Therefore, FLC Group Joint Stock Company may not disclose the reviewed financial statements for the first half of 2022 on time (the deadline on August 29, 2022). The lateness of announcement of the interim reviewed financial statements will be an act of continuing the violation of information disclosure regulations after being under the trading restriction. Pursuant to Point c Clause 1 Article 41 of Listing and Trading Rules of listed securities attached to Decision No.17/QD-HDTV dated 03/31/2022 by the Members’ Council of Vietnam Exchange, HOSE will put FLC shares under the trading suspension if FLC continues the violation of information disclosure regulations on the interim reviewed financial statements or other information disclosure regulations.

Based on the Company's remedial process, HOSE will consider taking it out of the transaction suspension under Clause 4 Article 41 of Listing and Trading Rules of listed securities. 

HOSE

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