The stock market is booming with the VN-Index surpassing 1,445 points. Notably, LDG shares have hit the ceiling for 13 sessions, with the price reaching 4,830 VND/share and up 2.2 times in one month. LDG stated that this price increase results from market supply-demand dynamics and is beyond the company’s control. However, LDG’s business situation was not good before this, with substantial losses in 2023-2024 totaling 2,033 billion VND. Former Chairman Nguyen Khanh Hung recently re-emerged after serving a 16-month prison sentence for violations in selling non-compliant houses. At the General Meeting, he announced plans to restructure the company with a revenue goal of 1,800 billion VND for 2025. Currently, LDG is implementing several major projects and has total debt of 893 billion VND. LDG shares are also under warning and control due to negative profits in the last two years.
Leave a Reply