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LDG relieves two deputy general directors

The Saigon Times

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HCMC – LDG Investment JSC, whose shares are traded on the Hochiminh Stock Exchange under the code LDG, has announced its leadership changes, with two deputy general directors leaving.

The real estate developer on November 3 removed Nguyen Quoc Vy Liem from his post of deputy general director for sales and marketing and Lam Quang Thoi from his post of deputy general director for project development.

Liem, who assumed the post in February in 2018, is also serving as general director at Dat Xanh Binh Duong Corporation, the local media reported.

Meanwhile, Thoi was just assigned to this post in January this year.

In the third quarter of 2022, LDG earned VND6.8 billion in revenue and VND5.6 billion in after-tax profit, down 94% and 83%, year-on-year, respectively.

The firm is set to issue 120 million LDG shares via private placement with the starting price at VND10,000 each to mobilize VND1.2 trillion.

This year, the firm aims to obtain VND2.3 trillion in revenue and VND310 billion in after-tax profit.

The negative news sent LDG plunging to its floor price at the close today, November 4.

The benchmark VN-Index lost 22.66 points, or 2.22%, from the session earlier, at 977.15, with 56 winners and 410 losers, dragged by a sell-off. Over 753 million shares worth VND13 trillion changed hands, soaring by 70% in volume and 64% in value against the day earlier.

Many securities and property stocks fell into negative territory, hitting the index.

Steelmaker HPG continued its downtrend and dipped 3.6% at the close, but took the lead on bourse by liquidity with 43.4 million shares transacted.

On the Hanoi bourse, the HNX-Index slid 6.18 points, or 2.93%, against the session earlier, at 204.56, with 35 gainers and 157 losers.

In the HNX30 basket, gas distributor PGS bucked the trend, ending up 3%, while 29 others tumbled.

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