FLC Group announced that its shares would resume trading for shareholders starting 6/3. "Thus, after nearly three years of suspension, FLC shares are once again freely tradable, ensuring liquidity for shareholders," the company stated in an announcement yesterday.
This resumption of trading, however, will occur through an unlisted share trading (OTC) mechanism. FLC was delisted from both the HoSE stock exchange in 2/2023 and the UPCoM exchange in 12/2025, simultaneously losing its status as a public company. Consequently, share transactions will now only be conducted through a securities company designated by FLC.
The OTC market operates based on agreed prices and quantities between buyers and sellers, without a physical trading venue. All transactions are conducted on intermediary electronic platforms, such as websites and forums, maintained by securities brokerage firms. These brokerage firms also act as market makers by quoting prices and then executing the buying and selling of securities.
The decision to resume trading came a few days after FLC deregistered its shares with the Vietnam Securities Depository and Clearing Corporation (VSDC). This move entrusted Artex Securities Company with the management of FLC's shareholder list.
According to FLC, Artex Securities serves as the direct point of contact for all shareholder-related tasks: updating shareholder registers, issuing share ownership certificates, and handling transfers, inheritance, gifts, or information changes. Artex Securities is known to be a company connected to FLC Group's ecosystem and many of its leaders. The company recently exited its controlled status on 26/2 and reopened buy-side trading for clients.
At an extraordinary meeting in November, FLC reported having over 64,300 shareholders. FLC has outlined two methods for shareholders to receive their share ownership certificates: by visiting Artex Securities' headquarters directly or by providing valid authorization to another individual to complete the procedures.
FLC has experienced significant personnel changes in the first two months of this year, particularly following the reappearance of former Chairman of the Board of Directors Trinh Van Quyet.
Specifically, the company appointed Trinh Van Nam (35 years old) as General Director on 5/2. Bui Hai Huyen, Nam's predecessor, transitioned to the role of permanent Deputy General Director. A week prior, FLC also appointed Pham Manh Thang, former Deputy General Director of Vietcombank and former Chairman of the Board of Directors of Prosperity and Development Bank (PGBank), as a Deputy General Director.
FLC's leadership described these appointments as strategic decisions, aimed at enhancing management and operational capabilities as the company accelerates restructuring and simultaneously implements various projects.
By Phuong Dong
