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ROS trading suspended from August 12

By Minh Son   August 5, 2022 | 03:00 am PT
ROS trading suspended from August 12
The logo of FLC Faros. Photo courtesy of the company
ROS of FLC Faros Construction will be suspended from trading on Ho Chi Minh Stock Exchange (HoSE) from August 12 after it failed to submit its second quarter earnings report.

The subsidiary of property developer FLC has "continued to violate regulations on information disclosure after being restricted to trading," HoSE said Friday.

Under current regulations it should have furnished the report within 20 days from the end of each quarter but failed to do so for the quarter ending June.

The ticker, along with FLC and HAI Agrochem stocks, have been restricted to trading only in the afternoon daily since early June, following delays in submitting financial reports for 2021.

ROS was trading at VND2,800 at the end of Friday’s session after falling over 80 percent from its peak in January.

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