The Hanoi Stock Exchange (HNX) announced that 710 million FLC shares will have their last trading session on the UPCoM exchange on 30/12. The move follows the Securities Commission's revocation of FLC Group's public company status one week prior.

When delisted, the value of shares held by investors remains unchanged. However, they will be unable to trade those shares on centralized exchanges. FLC was previously delisted from the HoSE exchange in early 2023, and its trading on UPCoM was suspended due to information disclosure violations.

In addition to FLC, several other shares within FLC's ecosystem, including GAB, HAI, and KLF, will also be delisted from UPCoM from 31/12 for similar reasons.

FLC Group's apartment project on Pham Hung street, Hanoi. *Photo: FLC*

In early November, FLC CEO Bui Hai Huyen stated that the company's shares could resume trading on UPCoM in the first quarter of 2026 at the earliest, after the company issues its financial reports. FLC has not published business results since mid-2022. The loss of its public company status complicates this plan.

FLC is a group operating in diverse sectors such as real estate, resort tourism, financial investment, and aviation. The company has completed several resort complexes and hotels in Gia Lai, Thanh Hoa, Phu Tho, Quang Ninh, and Quang Tri.

However, the group's operations faced difficulties after its former Chairman, Trinh Van Quyet, became entangled in legal issues, facing charges of fraudulent appropriation of assets and stock market manipulation.

Trong Hieu