Delist

The shares would be listed on Mar. 3 but not be tradeable, the bourse said. Though FLC meets the requirements of a public company and is therefore eligible to list, it has violated disclosure regulations and so its shares would not be tradeable until it has resolved the issues. Within 15 days from Friday the company needs to explain the reasons for the violations and how it intends to resolve them, HNX said. FLC was delisted from the country’s main bourse in Ho Chi Minh City on Feb. 13. It immediately appealed to authorities to reconsider the decision, and told shareholders that it would strive to list on UPCoM. … [Read more...] about FLC share trading suspended on UPCoM until it comes clean on violations

Le Tien Dung (second from the right) is the new general director of FLC Group. — Photo courtesy of the company Property developer FLC Group announced that Le Tien Dung will be the general director of the group after Bui Hai Huyen resigned from the position. From March 2, Dung officially becomes the general director of FLC Group and Tran Thi Huong is the permanent deputy general director, according to the resolutions of the Board of Directors of FLC Group. Dung, born in 1977, graduated from Hanoi University of Science and Technology. He has extensive experience in the field of electricity, inspection and quality management. He was elected to be the Chairman of the Board of Directors of FLC Faros Construction JSC for the 2021-26 term. Before leading FLC Faros, Dung held senior positions in a number of enterprises in the fields of technology and construction. Meanwhile, Huong has held the position of deputy general director at FLC since December 2022. She used to hold … [Read more...] about FLC Group appoints new general director

After the VN-Index closed last year around 900 points, Hai, 36, sold most of his portfolio and put the funds in a bank for a six-month deposit. With a little more than VND300 million ($12,669) "stuck" in a property developer that has been delisted, Hai now barely pays attention to the market. "Stock brokers send me text messages every once in a while urging me to buy this ticker or that ticker," Hai told VnExpress , "but I am no longer interested as a sideways market does not guarantee more profit than bank profits." Hai is only one of many investors who have turned indifferent towards the stock market. Le Vu Kim Tinh, a branch director of Phu Hung Securities, said that amid the lack of both positive and negative information, many investors have decided to stay out of market developments as they do not have enough data to make decisions. Vietnam’s main bourse Ho Chi Minh Stock Exchange (HoSE) has recorded only one trading day with over VND10 trillion in trade value in the … [Read more...] about Stock investors indifferent to bottom fishing