AsemconnectVietnam - Lam Dong Pharmaceutical Joint Stock Company (Ladophar, code LDP - HNX) announced documents for the 2025 Extraordinary General Meeting of Shareholders, which is scheduled to be held on December 10 in Lam Dong province.

In fact, based on the semi-annual audit report for 2025, as of June 30, 2025, Ladophar still had an accumulated loss of VND50.66 billion. Of which, Ladophar said that based on the business performance, it is expected that the accumulated loss will take 4-5 years to be completely erased.
Therefore, Ladophar presented to shareholders a plan to use development investment fund and capital surplus from the private offering to partially offset the accumulated loss and at the same time a plan to liquidate assets.
Of which, accumulated loss is VND50.66 billion, development investment fund is VND24.35 billion, share surplus is VND5.39 billion, so it is expected that there will be accumulated loss of VND20.92 billion.
In addition, Ladophar also presented shareholders with a loan limit of VND300 billion. Of which, VND150 billion is borrowed for working capital for production and business activities and VND150 billion is borrowed, this is a medium and long-term loan for investments.
In particular, Ladophar presented shareholders with a plan to offer shares to existing shareholders at a ratio of 2:1, corresponding to offering more than 9.36 million shares at a price of 10,000 VND/share, mobilizing VND93.6 billion, expected to be implemented in 2026, after approval.
Of the amount raised, Ladophar will use VND90 billion to cover the investment shortfall of the LDP CO2 plant or/and pay the organization/individual who lent the capital; and the remaining VND3.64 billion will be used to supplement working capital.
Thus, if the issuance is successful, the charter capital is expected to increase from VND187.28 billion to VND280.92 billion.
Previously, Ladophar approved the cancellation of the offering of 8.25 million shares in the private offering of 13.64 million shares. In this offering, the Company only distributed 5.39 million shares to APC Holdings JSC; the remaining two investors who did not pay to buy are HD Fund Management JSC (expected to buy initially 4 million shares) and Vision Dynamic Investment Fund (expected to buy initially 4.25 million shares).
According to the initial plan, Ladophar approved a plan to privately offer 13.64 million shares at VND11,000/share, raising VND150.04 billion.
Of the mobilized amount, Ladophar plans to use VND58.51 billion to pay off the Company's loans (including bank loans and bond debt); VND25.75 billion to purchase machinery and equipment for production and business activities; and the remaining VND65.78 billion to invest in infrastructure, machinery and equipment for the project to build a medicinal herb extraction factory using supercritical CO2 technology.
In terms of business activities, in the first 9 months of 2025, Ladophar recorded revenue of VND170.1 billion, up 16.4% over the same period, and profit after tax of VND5.98 billion, up 57.8% over the same period. In which, gross profit margin improved from 29% to 34%.
In fact, although it returned to profit, as of September 30, 2025, Ladophar still had an accumulated loss of VND 46.9 billion, equal to 35.2% of charter capital; owned VND 19.9 billion in cash but total debt was up to VND 60.35 billion, equal to 54.5% of total equity.
N.Nga
Source: VITIC/Tinnhanhchungkhoan