International Milk Company Lof to Spend 144 Billion VND to Acquire 34.29% Stake in a Livestock Company

International Milk Company Lof (IDP) has announced its decision to invest in Ho Toan Joint Stock Company by acquiring 7.2 million shares, equivalent to 34.29% of its capital. The purchase price is 20,000 VND per share, totaling around 144 billion VND. Bui Hoang Sang has been appointed as the representative to manage the investment in Ho Toan, which focuses on livestock breeding and milk processing. Ho Toan has increased its charter capital from 65 billion VND to 210 billion VND as of 2022. In Q1/2025, Lof reported revenues of 1.831,7 trillion VND, with net profits down 52.2% year-on-year, and total assets reaching 7.273.1 trillion VND. Payables rose 15.1% to nearly 4.053,1 trillion VND, with a high debt ratio of 62.9%.