On June 17, the Board of Directors of FLC Group decided to call for an extraordinary shareholders’ meeting, with the cut-off date for registration on July 7, 2025. The meeting will discuss the dismissal and election of new members for the Board and Supervisory Board, as well as a report on the business performance for the first half of 2025 and the plan for 2026. Vu Anh Tuan has served as FLC’s Chairman since December 2024. The company’s activities faced difficulties after the 2022 incident when former Chairman Trinh Van Quyet and other leaders were arrested. However, FLC has started to revive some real estate projects, including a luxury apartment complex in Hanoi and a study for an airport urban area in Binh Dinh. Meanwhile, in an appeals court, the Procuracy suggested sentencing Trinh Van Quyet to 7-8 years for fraud and a fine of 4 billion VND for stock market manipulation.
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