According to information from the Hanoi Stock Exchange (HNX), LTG shares of Loc Troi Group will be suspended from trading on the UPCoM exchange from June 26. The reason is that the company did not fulfill its obligation to disclose the audited financial statements (FS) for 2024 at the end of fiscal year 2025.
Previously, on June 12, the Board of Directors of Loc Troi Group announced information about signing a service contract with UHY Auditing and Consulting Co., Ltd. to review the mid-2024 financial statements and audit the 2024 financial statements.
This move took place on the same day the Board of Directors of the Group approved a resolution to liquidate audit contracts and review financial statements for 2024 with Ernst & Young Vietnam Co., Ltd. (EY) for the company and member units that EY has not yet issued audit reports.
According to the resolution of the Board of Directors, the reason stems from the fact that the two parties have not reached consensus on the time to issue the mid-term review report and the 2024 audit report.
Currently, LTG shares are still restricted from trading on UPCoM due to the late submission of reviewed semi-annual financial statements for 2024 and 2025 and audited financial statements for 2024 exceeding the prescribed deadline. The company's leadership once warned that prolonged delays in reporting could put the stock facing the risk of being suspended from trading or forced trading cancellation.
Loc Troi Group's difficulties are not only in the audit story. In early June, HDBank announced that it would seize two land plots in Ho Chi Minh City with a total area of nearly 1,700 m2 to handle the company's debt of nearly 100 billion VND. At the same time, the company is still in the process of restructuring after the liquidity crisis arising from 2024.
HNX also announced the maintenance of the trading suspension area on UPCoM for RDP shares of Rang Dong Holding because the company received a decision to open bankruptcy proceedings from the court and was forced to be delisted due to serious violations of information disclosure obligations according to regulations.
In addition to the suspension decision, RDP is also restricted from trading due to late submission of the 2025 semi-annual reviewed financial statements and in the warning category due to not holding the 2025 Annual General Meeting of Shareholders within the prescribed time limit.
The difficulty of RDP shares occurred when the company announced that it received a decision to open bankruptcy proceedings on June 25, 2025 from the People's Court of Ho Chi Minh City. Once a leading plastic enterprise, Rang Dong Holding began to decline after switching to the Holding model and expanding to real estate. After a record profit of 70 billion VND in 2019, the company continuously suffered losses.
In 2023, RDP recorded a record loss of 147 billion VND, accumulated loss of 206 billion VND, short-term debt exceeding short-term assets by more than 122 billion VND and was suspected of being able to operate continuously. The company also has to compensate 178 billion VND due to losing the lawsuit against Sojitz Planet.
As of June 30, 2024, Rang Dong Holding's accumulated losses reached 266 billion VND, an increase of 61 billion VND compared to the end of 2023.Short-term debt exceeded 165 billion VND compared to short-term assets.However, since the second quarter of 2024, RDP has no longer published financial statements.This is also the reason why RDP shares were forced to be delisted on HOSE at the end of April 2025 and are receiving all kinds of penalties from HNX, including being warned, restricted from trading, and suspended from trading.
