FLC apologizes to shareholders

Three days after its shares were delisted by the Ho Chi Minh City Stock Exchange (HoSE), FLC Group Joint Stock Company has just sent its first official announcement to shareholders. Currently, more than 64,700 shareholders own about 709.9 million shares of FLC Group.

"We understand that the delisting of FLC Group's shares is an unacceptable event for shareholders. The Board of Directors and the Executive Board of FLC would like to send our most sincere apologies to shareholders," FLC General Director Bui Hai Huyen shared at the beginning of the announcement.

FLC hopes that shareholders will sympathize with the difficulties the company is facing and also hopes that shareholders will continue to accompany it during this period.

FLC shares were removed from HoSE because, according to this agency, FLC seriously violated its information disclosure obligations and other cases that the Stock Exchange and the Securities Commission deemed necessary to delist to protect investors' rights.

In today's announcement, FLC's leaders presented a series of difficulties that prevented the company from disclosing information in accordance with regulations after former Chairman of the Board of Directors Trinh Van Quyet was arrested at the end of March 2022. Previously, on February 14, FLC also requested management agencies to reconsider the decision to delist, explaining that the violation of information disclosure was due to "force majeure circumstances".

Ms. Bui Hai Huyen affirmed that after FLC shares were delisted from HoSE, shareholders’ rights were still fully guaranteed according to the Enterprise Law and the company’s charter. Accordingly, in all cases, shareholders have full ownership and decision-making rights with the FLC shares they own. At the same time, shareholders are still guaranteed the right to participate in the general meeting of shareholders, the right to vote, the right to nominate and run for members of the Board of Directors.

Currently, the Board of Directors and the Executive Board of FLC are making every effort to expedite the information disclosure roadmap according to regulations, as well as quickly carry out the necessary procedures so that the group's shares can soon return to trading on the UPCoM system. The Company will announce the first trading day of FLC shares on UPCoM immediately after the Hanoi Stock Exchange (HNX) approves the trading registration.

According to VnExpress