The Ho Chi Minh Stock Exchange has decided to delist the shares of property developer FLC for “severe violation in fulfilling disclosure obligations.”
The company’s 710 million shares will be delisted on Feb. 20.
At the time of publishing they were trading at VND3,570 ($0.15).
The shares had been under trading restrictions since September last year for FLC’s failure to organize the annual general meeting, disclose financial information for 2021 and select an auditor.
The company has been struggling since its key executives, including chairman Trinh Van Quyet, were arrested in March and April last year for alleged stock manipulation.
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