Listed securities subject to restrictions on trading at HOSE can only trade in the afternoon session of the trading day by centralized order matching method and put-through trading method.
This Decision takes effect from the date of signing (May 25) and the amendment and supplementation of this Decision is decided by the General Director of the Ho Chi Minh Stock Exchange after being approved by the Chairman of the Company. Ho Chi Minh City Securities approved.
On May 25, HOSE announced to put LCM shares of Lao Cai Mining and Mineral Processing Joint Stock Company into restricted trading from May 25, 2022, due to late submission of financial statements for 2021. audited 45 days beyond the prescribed time limit. Thus, from May 26, LCM shares can only be traded in the afternoon session by the method of centralized order matching and put-through transactions.
Also during this time, HOSE announced the transfer of 3 “FLC family” stocks, including FLC Group Joint Stock Company (code: FLC), FLC Faros Construction Joint Stock Company (code: ROS) and Agriculture Joint Stock Company. HAI (code: HAI) has been changed from controlled to restricted from 1/6. That is, all 3 stocks can only be traded in the afternoon session of the trading day by centralized order matching method and put-through trading method.
The reason why the above 3 stocks were placed in restricted trading is because the listing organization is late in submitting the audited 2021 financial statements 45 days after the prescribed deadline.
At the end of the morning session of May 26, 3 “FLC” stocks were all on the floor, with a selling surplus of tens of millions of shares. In addition, the liquidity of this group of stocks also tended to decrease sharply recently. From one stock with a session up to hundreds of units transferred, now the liquidity of FLC is only 5-7 million units/day.
Currently, the price of FLC shares is only 6,200 VND/share, down 3 times since Mr. Trinh Van Quyet, former chairman of FLC Group, was prosecuted and detained for “manipulating the stock market”. and “hiding information in securities activities” at the end of March 2022.
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