FLC apologizes to shareholders, waiting for the day to list on UPCoM

On February 17, Ms. Bui Hai Huyen, General Director of FLC Group, sent a notice to the company's shareholders explaining the delisting of FLC shares.

Accordingly, FLC's letter stated: "We understand that the delisting of FLC Group's shares is an unacceptable event for shareholders. We also understand that this incident has caused inconvenience and discomfort to shareholders."

FLC said it will announce the date its shares are traded on UPCoM.

The Board of Directors (BOD) and Executive Board of FLC Group sent an apology to shareholders and expressed the hope that shareholders can understand the difficulties that FLC is facing and continue to accompany the group during this difficult period.

FLC "repeated" the content previously sent to the agencies to reconsider the decision to delist shares. That is because since the incident of Mr. Trinh Van Quyet - former Chairman of the Board of Directors and Ms. Huong Tran Kieu Dung - former Permanent Vice Chairman of the Board of Directors of FLC Group were detained to serve the investigation in late March and early April 2022, FLC Group and its member units have faced many risks and difficulties in the process of operation due to being directly affected by unofficial information, rumors, as well as arising issues related to the incident.

In particular, the incident has made it impossible for FLC Group to find an auditing company to approve the audit of FLC Group's 2021 financial statements for a long time... Because the audit and issuance of the 2021 audited financial statements are beyond the control of the group and are force majeure events that the group cannot overcome in a short time...

Regarding the rights of shareholders after the shares are delisted, Ms. Bui Hai Huyen affirmed that shareholders are still guaranteed full rights according to the provisions of the Enterprise Law and the company's charter. In all cases, shareholders have full ownership and decision-making rights over the FLC shares they own; are guaranteed the right to participate in the General Meeting of Shareholders, the right to vote, the right to elect and run for a position as a member of the Board of Directors...

FLC said that the Ho Chi Minh City Stock Exchange (HOSE) has sent the decision to delist FLC shares to the Hanoi Stock Exchange (HNX) and the Vietnam Securities Depository Center to coordinate in registering FLC shares for trading on the UPCoM trading system.

FLC Group will announce the first trading day of FLC shares on the UPCoM trading system immediately after the Hanoi Stock Exchange issues a decision approving the trading registration.

Source: https://thanhnien.vn/flc-xin-loi-co-dong-cho-ngay-len-san-upcom-185230217174505982.htm