FLC Group was fined VND 495 million by the Securities Commission for violating a series of regulations
firstFLC was fined VND 100 million for failing to disclose information on the information disclosure system of the SSC (IDS Plus system) and the website of the Ho Chi Minh City Stock Exchange (HSX). ) for 34 resolutions of the Board of Directors (BOD) on transactions with related parties in the period from March 24, 2020 to May 13, 2021.
In addition, FLC did not disclose information on time on the IDS Plus system and HSX’s website, including the following documents: Separate financial statements, consolidated 2019 audit and Explanation of differences business results (business results); Separate and consolidated semi-annual financial statements of 2020 reviewing and explaining the difference in business results; Separate and consolidated financial statements for the third quarter of 2020; Report on the resignation of a member of the Board of Directors of Mr. Le Thanh Vinh on July 28, 2020; Resolution No. 49/2020/NQ-HĐQT-FLC dated August 19, 2020 appointing Ms. Le Thi Truc Quynh to hold the position of Deputy General Director; Resolution No. 06B/2021/NQ-HĐQT-FLC dated January 19, 2021 on approving the capital contribution and changing the Company’s capital ownership ratio at Tre Viet Aviation Joint Stock Company.
Second, FLC was fined 200 million dong for publishing false information. According to the audited and reviewed 2020 semi-annual financial statements, the Company has transactions with related parties, but in the 2020 and 2021 corporate governance reports, the Company presents no transactions with the parties. involve;
Along with that, the company disclosed false information in the 2021 semi-annual financial statements for review, specifically: This financial statement does not present the difference in the assessment of the increase in assets into other income (the difference is 70.13 billion VND). capital contributed by the Company with property rights (the Grand Sam Son Hotel to Bamboo Aviation JSC) in accordance with regulations.
TuesdayFLC was fined 70 million VND because the Company’s 2019 audited financial statements lacked notes of transactions and balances of the Company with HAI Agricultural and Pharmaceutical JSC, FLC Stone Investment and Mineral Joint Stock Company, and Trade and Export Investment JSC. CFS importers are related parties.
FLC also discloses information that the Report on corporate governance in 2020 and 2021 has incomplete content, specifically: according to the audited 2020 and 2021 semi-annual financial statements, the Company has transactions with related parties. but the Company did not list the resolutions of the Board of Directors approving the transactions between the Company and related parties in the reports on corporate governance in 2020 and 2021.
WednesdayFLC was fined 125 million dong for failing to ensure the structure and number of independent members of the Board of Directors (the Company does not have an independent BOD member according to the provisions of Point a, Clause 4, Article 276 of Decree No. 155/ 2020/ND-CP dated December 31, 2020 of the Government detailing the implementation of a number of articles of the Law on Securities and the Company’s Charter).
In total, FLC was fined 495 million VND.
By Business and Marketing
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
