FLC fined for late submission of financial statements

The State Securities Commission (UBCKNN) has just issued Decision No. 110/QD-XPHC on sanctioning administrative violations in the field of securities and securities market for FLC Group Joint Stock Company (FLC Group). ).

Specifically, FLC be fined VND 100,000,000 according to the provisions of Point a, Clause 4, Article 42 of the Government’s Decree No. 156/2020/ND-CP dated December 31, 2020 on sanctioning of administrative violations in the field of securities and stock market due to non-disclosure of information required to be disclosed in accordance with the law.

State Securities Committee said that FLC did not disclose information on the information disclosure system of the State Securities Commission and the website of the Ho Chi Minh Stock Exchange, the following documents: Audited financial statements for 2021; Annual report 2021.

The State Securities Commission has also just issued Decision No. 326/QD-UBCK on placing Kenanga Securities Vietnam Joint Stock Company under special control. The special control period is from May 19, 2022 to September 18, 2022.

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