Former chairman reappears, LDG stock hits ceiling for 10 consecutive sessions without stopping

The increase in LDG shares came right after the company held its 2025 annual shareholders' meeting. This meeting marked the return of former chairman Nguyen Khanh Hung, who had been in trouble with the law.

The photo featuring Mr. Nguyen Khanh Hung (3rd from left) - former chairman of LDG - is being circulated - Photo: Social Network

LDG shares of LDG Investment Joint Stock Company have remained in the purple state for the past 10 consecutive sessions. Therefore, the company's leaders had to explain twice to the HoSE.

Despite being in a state of warning and control, LDG stock still increased to its full range this morning (July 11). The amount of excess ceiling price buy orders "piled up" with more than 8 million units, making this code "hotter" than ever.

It is worth mentioning that this code has experienced 10 consecutive ceiling price increases before. The Ho Chi Minh City Stock Exchange has twice requested the company to explain according to regulations.

In the latest document sent on July 10, LDG leaders said that the continued increase in LDG shares was the result of objective supply and demand developments in the stock market, reflecting investors' optimistic sentiment.

In addition, the company believes that the important contents approved by the 2025 annual general meeting of shareholders have been positively received by the market, thereby contributing to supporting transactions and stock price movements.

"Up to now, the company has not had any impact on the stock trading price on the market," LDG said.

Previously, LDG shares had a series of ceiling price increases for 5 sessions from June 26 to July 2. Immediately after that, this company had to send a written explanation to HoSE on July 2.

The increase in LDG shares appeared right after the company held its annual shareholders' meeting on June 26.

At this congress, former chairman of the board of directors Nguyen Khanh Hung suddenly reappeared after completing the execution of the sentence related to violations at the Tan Thinh residential area project (Trang Bom district, Dong Nai ).

This person was sentenced to 16 months in prison in early 2025 for selling houses that did not meet legal requirements and defrauding customers. LDG was also forced to return all the money it had collected.

Mr. Nguyen Khanh Hung is still the largest shareholder of LDG with more than 10 million shares, accounting for 3.92% of charter capital. His assets have increased by tens of billions of VND after his return at the shareholders' meeting.

Also at this year's congress, LDG set a revenue target of VND 1,822 billion in 2025, an increase of more than 11 times compared to the 2024 plan. After-tax profit is estimated at more than VND 91 billion.

This goal is considered quite ambitious when in 2024 the company only achieved 173 billion VND in revenue and a net loss of nearly 1,506 billion VND.

BINH KHANH

Source: https://tuoitre.vn/cuu-chu-tich-tai-xuat-co-phieu-ldg-tang-tran-10-phien-lien-tiep-chua-dung-20250711093746179.htm