Lof International Milk (IDP) spends 144 billion VND to buy an additional 34% of capital of Ho Toan cattle breeding company

Signing ceremony of the principle contract for the transaction of receiving transfer and purchasing shares between the two companies

According to the announced resolution, Lof International Milk will receive the transfer of 7.2 million shares of Ho Toan Joint Stock Company at a price of VND20,000/share. This deal has a total expected value of VND144 billion, equivalent to 34.29% of Ho Toan's charter capital.

At the same time, IDP also nominated Mr. Bui Hoang Sang (born in 1974) as the representative of the company's capital contribution at Ho Toan Joint Stock Company.

According to research, Ho Toan Joint Stock Company was established on March 14, 2016, headquartered in village 14, My Bang commune, Yen Son district, Tuyen Quang province. The legal representative of the company is Mr. Luong Duy Toan, and the main field of activity is raising buffaloes and cows.

Regarding the business situation of Lof International Milk, in the first quarter of 2025, the company recorded revenue of VND 1,831.65 billion, an increase of 15.6% over the same period last year. However, profit after tax decreased significantly by 52.1%, down to VND 107 billion. The bright spot is that IDP's gross profit margin improved slightly, from 38.9% to 39.4%.

Mr. Luong Duy Toan, Member of the Board of Directors, General Director of Ho Toan Company and Mr. Bui Hoang Sang, General Director of LOF International Dairy Joint Stock Company at the signing ceremony on the afternoon of May 15, 2025 in Hanoi .

In 2025, Lof International Milk targets revenue of VND8,400 to VND8,800 billion and after-tax profit of VND360 to VND440 billion. With the first quarter result of VND107 billion in after-tax profit, IDP has completed 29.7% of the lowest profit plan and 24.3% of the highest profit plan for 2025.

Closing the trading session on May 14, IDP shares kept the reference price at VND 220,000/share.

Source: https://baotuyenquang.com.vn/sua-quoc-te-lof-idp-chi-144-ty-dong-mua-them-34-von-cong-ty-chan-nuoi-bo-ho-toan-211906.html