AsemconnectVietnam - LDG Investment Joint Stock Company (code LDG - HOSE) wants to cooperate to continue implementing the Lot C1 apartment project in the new urban area of Binh Nguyen.

LDG Investment approved the cooperation policy for the Lot C1 apartment project in the new urban area of Binh Nguyen, Dong Hoa ward, Ho Chi Minh City (formerly Binh An ward, Di An city, Binh Duong province).
In which, the purpose is to create a financial source to serve the company's operations, the value received is not lower than the project debt obligation and the company will cooperate to develop the entire project with the partner.
According to research, LDG Investment plans to invest in the LDG Sky apartment project (located in the new urban area of Binh Nguyen) with a scale of 18,031.3 m2, a total investment of VND4,766 billion, a scale of 5 blocks (30 floors high).
In addition, at June 30, 2025, LDG Investment said it was recording VND501.02 billion in long-term unfinished production costs for the Lot C1 apartment project in the new urban area of Binh Nguyen (early VND488.6 billion).
LDG Investment explained that the Lot C1 apartment complex - Binh Nguyen new urban area (LDG Sky project) is in the underground structure construction phase. The company is making efforts to restructure cash flow to continue implementing the project
Regarding business operations, in the self-published financial report in the second quarter of 2025, LDG Investment recorded a loss of VND53.89 billion in the first half of 2025. However, in the audited financial report for the first half of 2025, the loss was up to VND92.23 billion, an increase of VND38.34 billion after auditing.
LDG Investment explained that the reason for the increase in loss after auditing was mainly due to the auditor adjusting the provision for inventory price reduction and making additional provisions for bad debt compared to the previously published consolidated financial report for the second quarter of 2025.
As of June 30, 2025, with continued losses in the first half of 2025, LDG Investment increased its accumulated loss to VND1,437.29 billion, equal to 55.9% of charter capital (accumulated loss recorded at the beginning of the year was VND1,387.95 billion).
In addition, also at the end of the second quarter, LDG Investment reduced its total debt by 26.8% compared to the beginning of the year, corresponding to a decrease of VND287.9 billion, to VND786.2 billion and equal to 70.3% of equity. In particular, the Company said that the outstanding balance of overdue bank loans was VND249.8 billion and the outstanding balance of overdue bonds was VND186.4 billion.
Explaining the reason for not paying the debt, LDG Investment said that due to financial difficulties, it did not have the funds to pay.
It is known that as of June 30, 2025, LDG Investment only has VND1.55 billion in cash, is making provisions for short-term bad debts of 547.5 billion VND (at the beginning of the year, VND471.6 billion was made) and making provisions for inventory price reduction of VND36.23 billion.
N.Nga
Source: VITIC/Tinnhanhchungkhoan