FLC holds extraordinary shareholders' meeting while financial reports from 2021 have not yet been announced

According to an announcement from FLC Group, the final registration date for shareholders to attend the extraordinary general meeting is December 1st. The time and location of the meeting will be announced later by the company. At the meeting, the FLC Group Board of Directors will report on the results of the restructuring and the business plan for 2024, along with other matters.

FLC has yet to publish its audited financial statements from 2021 to the present.

Previously, in March 2023, FLC also held an extraordinary general meeting of shareholders, and shareholders approved a comprehensive restructuring plan (including financial restructuring, loan restructuring, personnel restructuring, and restructuring of investment and business activities). This included several groups of solutions such as restructuring capital sources, using the group's assets to settle bond loans and loans from organizations and individuals; transferring part or all of the projects, joint ventures and partnerships with partners to invest in and implement projects; flexibility in capital mobilization plans, and organizing production and business activities to streamline the organizational structure, handle bad debts, and resolve outstanding debts…

Currently, FLC shares continue to be subject to trading restrictions by the Hanoi Stock Exchange because they have not yet published their audited financial statements for 2022 and their reviewed semi-annual financial statements for 2023.

In early November, FLC explained that the company's audited financial statements for 2021 had not yet been released because the group and UHY Audit and Consulting Company Limited had not reached an agreement on the audit opinion for the separate and consolidated financial statements for the fiscal year ending December 31, 2021. Therefore, FLC could not release the audited financial statements for 2021, 2022, Q1/2023, Q2/2023, and the reviewed semi-annual financial statements for 2023.

The Group is working diligently with UHY to complete the necessary procedures to establish a suitable audit opinion and disclose information as required. After the aforementioned financial statements are released, FLC will proceed with auditing the 2023 semi-annual financial statements and disclose information as required.

Since former FLC Chairman Trinh Van Quyet was arrested for stock market manipulation, FLC Group has undergone many changes in leadership personnel, and its shares have been compulsorily delisted from HOSE, moving to trading on UPCoM.

Source: https://thanhnien.vn/flc-hop-co-dong-bat-thuong-khi-van-chua-cong-bo-bao-cao-tai-chinh-tu-2021-185231115085408333.htm