LDG Investment Joint Stock Company has added documents to its annual general meeting agenda, including a proposal to elect Nguyen Khanh Hung to the Board of Directors for the 2025-2030 term. This nomination comes as a replacement for a member who recently resigned.

Hung’s biography states he holds a bachelor's degree in law and served as LDG chairman for seven years. He currently holds approximately 5.66 million LDG shares, representing 2.2% of the company’s capital.

In late 2023, Dong Nai provincial police arrested Hung to investigate allegations of "defrauding customers" in connection with a case involving 488 illegally constructed villas. In April 2025, the court found that Hung was aware the Tan Thinh residential project, developed by LDG, did not meet the necessary business conditions. Despite this, he instructed subordinates to advertise the project and sign contracts with customers, leading to his conviction and a sentence of 16 months in prison. The prison term began from the date of his arrest and temporary detention.

In June 2025, Hung appeared at LDG’s annual general meeting, though he did not hold any official position at the time. By March this year, LDG appointed him chairman of the newly formed Strategic Council. According to the company, this council is tasked with advising the Board of Directors and executive management on strategic development directions. It also participates in developing and implementing strategies for the company’s important policies and decisions.

Mr. Nguyen Khanh Hung. Photo: *LDG Annual Report 2021*.

LDG is a real estate company headquartered in Dong Nai, with business operations spanning locations such as TP HCM, Can Tho, Khanh Hoa, and Da Nang. The company has a charter capital of nearly 2,570 billion VND and has been listed on the TP HCM stock exchange since 2015.

Last year, LDG reported a consolidated audited profit of nearly 93 billion VND, marking a significant turnaround from a loss of over 1,500 billion VND in 2024. For this year, the company aims to double both revenue and profit compared to the previous period, targeting 916 billion VND in revenue and nearly 202 billion VND in profit.

In its shareholder meeting documents, LDG’s leadership stated that this year is a phase where the company will focus on restructuring, seeking and building relationships with various partners for investment cooperation and project mergers and acquisitions.

According to the leadership, collaborating with financially capable partners who possess development experience and a long-term vision will help reduce capital pressure and support a more efficient and secure project portfolio structure. The company also stated its focus on developing housing segments that cater to middle and low-income individuals.

Phuong Dong