In its latest announcement to shareholders, the FLC Group released a resolution to convene an extraordinary General Meeting of Shareholders for the second time in 2024. The list of attending shareholders will be finalized on September 10, 2024, with the meeting date and location to be communicated later.
The agenda includes the dismissal and election of members to the Board of Directors and the Supervisory Board, amendments to the regulations governing these bodies, and other matters within the competence of the General Meeting of Shareholders.
FLC has not yet held its 2024 Annual General Meeting of Shareholders. At the first extraordinary meeting in February, Mr. Le Tien Dung and Mr. Ngo Dang Hoang Anh were elected to the Board. Thus, the FLC’s Board of Directors now comprises five members: Mr. Le Ba Nguyen (Chairman), Ms. Vu Dang Hai Yen (Permanent Vice Chairman), Ms. Tran Thi Huong, and the newly elected members.
Additionally, FLC has decided to relocate its headquarters to the 5th floor, FLC Landmark Tower, Le Duc Tho Street, My Dinh 2 Ward, Nam Tu Liem District, Hanoi.
Regarding business operations, FLC representatives shared that the total value of existing assets is estimated at over VND 21,000 billion. The group has contributed approximately VND 800 billion to the state budget and fulfilled debt obligations of about VND 4,400 billion. FLC has downsized its staff by 60%, now employing over 3,500 employees, and merged 50% of its departments. The group consists of 14 subsidiary companies (with FLC owning between 50% and 100% of the charter capital) and 1 associated company.
For 2024, FLC aims to achieve a real estate business turnover of VND 1,187 billion and a tourism and resort business turnover of VND 1,213 billion, with profits sufficient to maintain operations and fulfill commitments to partners.
In connection with the case of “Fraudulent appropriation of property and Stock Market Manipulation” involving FLC Group and its subsidiaries, on August 5, the Hanoi People’s Court sentenced 50 defendants. Mr. Trinh Van Quyet, former Chairman of FLC Group, received an 18-year prison sentence for “Fraudulent appropriation of property” and a 3-year sentence for “Stock Market Manipulation.” Combined with a previous sentence, Mr. Quyet’s total prison term is 21 years, starting from March 29, 2022.
FLC Scandal: 22 more defendants charged in Trinh Van Quyet case
22 suspects have assisted the former Chairman of the FLC Group, Trinh Van Quyet, in inflating the charter capital of FLC Faros Construction Joint Stock Company from 1.5 billion VND to 4,300 billion VND, equivalent to 430 million shares, listed on the HOSE stock exchange. They are accused of embezzling investors’ money.
Mango and Xemesis Sell 40% Stake in Beef Selling Avocado, Xemesis’s Brother Inherits as New Owner
The reason for the couple’s retreat to Bơ Bán Bò is revealed by Xoài Non, due to the unresolved issues of the shareholders.
BIDV appoints new batch of senior staff members.
BIDV, the Vietnam Joint Stock Commercial Bank for Investment and Development, has recently announced the decisions made by its Board of Directors and the Supervisory Board regarding the appointment of high-level personnel.
