FLC is about to hold an extraordinary shareholder meeting to add leadership

This information has just been FLC report to the State Securities Commission, Ho Chi Minh City Stock Exchange. At the extraordinary meeting, FLC will elect additional members of the Board of Directors, the Supervisory Board for the term 2021 – 2026 and other matters within its authority.

After he Trinh Van Quyet and Mrs Huong Tran Kieu Dung arrested, Mr Dang Tat Thang was assigned to assume the role of Chairman of FLC from March 31 until the General Meeting of Shareholders and the Board of Directors have a new decision. Currently, besides Mr. Thang, the Board of Directors of this enterprise has 2 members, Ms. Bui Hai Huyen, general director and deputy general director La Quy Hien.

FLC’s Supervisory Board also has only 2 members after Mr. Nguyen Chi Cuong and Ms. Phan Thi Bich Phuong recently resigned for personal reasons.

The last day to finalize shareholder rights to attend the above extraordinary meeting is May 9. However, FLC has not finalized the date and venue and said it will notify shareholders in detail later. Currently, FLC has not announced the list of additional candidates to the Board of Directors and Supervisory Board.

In the middle of last week, this company also asked to extend the holding of the annual general meeting of shareholders until June 30 at the latest. This annual meeting is likely to be held after FLC completes the election of additional leaders at the upcoming extraordinary shareholder meeting.

This group is still facing many difficulties after the leaders got involved in labor. Some localities are starting to review FLC’s investment projects, in which Thanh Hoa recently terminated an industrial park project of nearly 300 hectares invested by this group.

Yesterday, HoSE put 3 stocks of FLC, ROS, HAI on warning because these 3 companies were late to announce their audited 2021 financial statements 15 days after the prescribed deadline. Previously, these 3 codes were also included in the list of securities not eligible for margin trading.

After 3 weeks of Mr. Trinh Van Quyet’s arrest, their stock “FLC” continued to plunge. This morning (April 20), FLC shares continued to decrease by the end of the range to 6,650 dong, with a surplus of nearly 16 million shares at the floor price. ROS is also in a similar situation when the selling surplus is about 14 million shares. The tickers HAI, KLF, and AMD all fell below 4,000 dong per share.

Mr. Tu