"Overall" difficulties are surrounding shareholders of FLC, HAI, ROS. At the end of today's trading session, FLC shares had a surplus to buy and sell at a floor price of nearly 19 million shares.
Currently, the stock price is at VND 4,950/share (down 6.95%) compared to the previous trading session.
If calculated from the peak reached on January 10, 2022, when FLC price was VND 21,200/share, up to now, FLC price has evaporated more than 76% of its value after only 8 months.
HAI shares also suffered the same fate as "ting room" with a surplus of up to 4.4 million shares, with no buyers. At the end of today's session, HAI shares were priced at VND 2,270/share.
If calculated from the peak reached on January 10, 2022, when HAI price was VND9,900/share, up to now, the value of this stock has decreased by more than 77% of the value after only 8 months.
The bad news that has pushed HAI and FLC down the floor is the information that HOSE announced that it will take action to suspend trading on the shares of these two companies. The suspension period has not been announced.
The two stocks FLC and HAI have been subject to trading restrictions since June 1, 2022 (only traded in the afternoon session of each day), due to late submission of audited financial statements for 2021.
Previously, ROS shares were moved from restricted trading to suspended trading since August 12, 2022.
Since Mr. Trinh Van Quyet was prosecuted and detained to investigate the crime of "Disturbing the stock market", a series of stocks in the "F" ecosystem have fallen into disarray.
Faced with the risk of suspending stock trading, on the afternoon of August 18, FLC Group sent a response letter to the State Securities Commission (SSC) and the Ho Chi Minh City Stock Exchange (HOSE) on the roadmap for organizing the annual General Meeting of Shareholders (GMS) as well as selecting a financial reporting auditing unit in 2022.
Specifically, FLC plans to issue a 2021 audited financial report in September 2022 and organize an annual General Meeting of Shareholders in November this year.
FLC said that the Group has signed an Auditing service provision contract with An Viet Auditing Company Limited to audit financial statements for 2021 from July 21, 2022. After nearly a month of active implementation, the auditing of financial reports in 2021 basically ensures progress according to the agreed plan.
However, in the context of the personal cases of some former leaders of the Group not having official conclusions from the authorities, the audit of these financial reports needs to be carried out carefully and cautiously to ensure accuracy, comprehensiveness and transparency.
Immediately after this report is issued, the FLC Board of Directors will convene a meeting of the 2022 Annual General Meeting of Shareholders, in accordance with the current regulations. Thus, as planned, the Congress will be held in November 2022.
ROS shares were suspended from trading from August 12 for violating the disclosure of financial statements for the second quarter.
In the explanatory document, the representative of this enterprise said that according to the Accounting Law, financial statements must have the signature of the founder, chief accountant and legal representative of the enterprise.
After Ms. Huong Tran Kieu Dung was arrested at the end of March, the company changed its legal representative from April 21 but has not yet been approved by the Business Registration Office (Hanoi Department of Planning and Investment).
After Mr. Trinh Van Quyet and some senior leaders were arrested, the personnel story at the group attracted great attention from many investors.
The company's Board of Directors had 3 new members in early July, of which Mr. Le Ba Nguyen was elected as Chairman. The business results of the enterprise in the second quarter reported a loss after tax of VND 640 billion and increased the turnover in the first half of the year to over VND 1,100 billion.
