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Property developer FLC buys back Bamboo Airways

Property developer FLC buys back Bamboo Airways

Property developer FLC has bought back struggling Bamboo Airways from a group of investors, two years after relinquishing ownership.
Property tycoon Trinh Van Quyet seeks absence from trial due to 'high risk of death'

Property tycoon Trinh Van Quyet seeks absence from trial due to 'high risk of death'

FLC brings back former CEO

FLC brings back former CEO

FLC ready to resume work on unfinished projects

FLC ready to resume work on unfinished projects

Property developer FLC will resume work on its unfinished projects across Vietnam and even start a new one following months of restructuring after its executives were arrested for fraud.
October 16, 2024 | 07:32 pm PT
Officials ignored red flags to approve Trinh Van Quyet's company listing: prosecutors

Officials ignored red flags to approve Trinh Van Quyet's company listing: prosecutors

Seven officials were aware of issues in the capital mobilization of Faros Construction, a company backed by property tycoon Trinh Van Quyet, but approved its listing anyway.
July 25, 2024 | 12:41 am PT
Vietnam issues search warrant for former Bamboo Airways chairman amid criminal allegations

Vietnam issues search warrant for former Bamboo Airways chairman amid criminal allegations

The Ministry of Public Security is searching for Dang Tat Thang, former chairman of property giant FLC and Bamboo Airways, to verify a Sacombank's report about signs of him committing crimes.
May 23, 2024 | 07:06 am PT
Property developer FLC misses $45M bond repayment

Property developer FLC misses $45M bond repayment

Property developer FLC has not paid VND1.12 trillion ($45 million) in bonds and coupons, which were due last year, as it continues to go through a major restructuring.
March 14, 2024 | 01:35 am PT
How former FLC chairman earned $146M from stock manipulation

How former FLC chairman earned $146M from stock manipulation

Former FLC chairman Trinh Van Quyet had instructed his sisters and employees to manipulate trading of shares worth VND3.6 trillion ($146 million) in a subsidiary.
October 29, 2023 | 08:24 pm PT
FLC redeems $40.9M bonds before maturity

FLC redeems $40.9M bonds before maturity

Conglomerate FLC has decided to retire three lots of bonds worth VND982.9 billion (US$40.9 million).
October 17, 2023 | 09:09 pm PT
FLC forced to pay $3.3M overdue taxes

FLC forced to pay $3.3M overdue taxes

The Hanoi Tax Department will reach into 19 bank accounts of property developer FLC to collect overdue taxes worth VND81.6 billion ($3.34 million.)
October 16, 2023 | 02:00 am PT
Bamboo Airways chairman resigns from FLC board

Bamboo Airways chairman resigns from FLC board

Bamboo Airways chairman Le Thai Sam has resigned as a director of FLC Group, and shareholders will consider it at the upcoming annual general meeting.
August 11, 2023 | 10:18 pm PT
All FLC-related stocks delisted from main bourse

All FLC-related stocks delisted from main bourse

The two remaining companies related to property developer FLC that were still traded on the Ho Chi Minh Stock Exchange have now been delisted for not submitting their financial reports.
June 28, 2023 | 08:48 pm PT
Lender NCB wants to sell 11% stake in Bamboo Airways pledged as collateral

Lender NCB wants to sell 11% stake in Bamboo Airways pledged as collateral

National Citizen Commercial Bank plans to seek shareholders’ permission this month to sell 203 million shares, equivalent to a 11% stake, of Bamboo Airways.
May 5, 2023 | 10:14 pm PT
FLC wants restrictions on trading its shares lifted

FLC wants restrictions on trading its shares lifted

Property developer FLC wants the restrictions on trading its shares lifted as soon as possible even as it strives to overcome management and financial challenges.
March 23, 2023 | 11:25 pm PT
FLC uses Bamboo Airways shares as collateral

FLC uses Bamboo Airways shares as collateral

Property developer FLC will use nearly 155 million Bamboo Airways shares as collaterals for loans from lender OCB, repeating a decision it made three years ago.
March 20, 2023 | 03:14 pm PT
How FLC plans to restructure

How FLC plans to restructure

Conglomerate FLC plans to restructure after nearly a year of chaos by focusing on property development and resort operations and selling an unspecified stake in Bamboo Airways.
March 8, 2023 | 08:21 pm PT
FLC to sell stake in Bamboo Airways

FLC to sell stake in Bamboo Airways

Property developer FLC is set to sell its stake in carrier Bamboo Airways as part of the company's restructuring plan.
March 4, 2023 | 07:59 pm PT
FLC appoints new CEO

FLC appoints new CEO

FLC has named Le Tien Dung, chairman of its construction subsidiary FLC Faros, its new CEO in place of Bui Hai Huyen, who stepped down Monday.
March 1, 2023 | 08:01 pm PT
CEO resigns in latest setback for embattled FLC

CEO resigns in latest setback for embattled FLC

Bui Hai Huyen, CEO of property developer FLC, resigned on Monday, aggravating an already difficult situation for the company.
February 26, 2023 | 10:54 pm PT
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