3 “family” stocks of FLC are on alert
The Ho Chi Minh City Stock Exchange (HoSE) has just decided to put 3 FLC “family” stocks, including FLC Group’s FLC, FLC Faros Construction’s ROS and HAI’s Agro-pharmaceuticals, into warning. The reason is that these 3 enterprises were late in disclosing the audited financial statements for 2021 more than 15 days after the prescribed time limit.
These 3 stocks were also recently included in the list of securities not eligible for margin trading by HoSE. Previously, the State Securities Commission had required securities companies to report outstanding loans for securities margin trading for 7 securities codes related to Mr. Trinh Van Quyet, including FLC, AMD, KLF, ART, HAI, and ROS. and GAB.
The content of the report includes the margin trading loan balance of all securities trading accounts opened at companies and the amount of margin securities used as security for similar margin trading loans. corresponding to each stock code.
Regarding the FLC ecosystem, on March 29, 2022, the Criminal Investigation Agency of the Ministry of Public Security (C01) issued the Decision to prosecute the criminal case No. 06/QD-VPCQCSĐT, the Decisions to prosecute the accused, Arrest warrant for Trinh Van Quyet on the charge of “manipulating the stock market”. At the same time, organize searches of residences and workplaces for related subjects.
After the above incident, FLC, ROS, HAI, AMD, ART, KLF all dropped to the floor in a row. Up to now, the stocks of the FLC ecosystem (except GAB, which is almost non-liquid) have “evaporated” about 60-80% of the market price compared to the peak reached just before his underground session. Trinh Van Quyet on January 10, 2022.
FLC “family” stocks have “evaporated” about 60-80% of the market price compared to the peak
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
