FGL Joint Stock Company has issued an explanation regarding its stock being placed under warning by the Stock Exchange. The main reasons for this status are the company’s net profit after tax declining for two consecutive quarters, along with financial issues and ineffective management. To address these issues, FGL has proposed several measures, including enhancing management processes, restructuring business activities, and conducting market surveys to adjust product development strategies. Additionally, the company aims to strengthen partnerships and seek appropriate funding sources to improve its financial situation in the near future.
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