Before being delisted as a public company, the SSC also fined Loc Troi Group 85 million VND for 15 days or more of late disclosure of many financial statements and annual reports.The decision also clearly stated that the Company had violated many times.
LTG shares of the Group also received many penalties for the above reasons.From July 14, 2026, the stock was put on the warning list by the Hanoi Stock Exchange (HNX) due to not yet announcing the Resolution of the 2026 Annual General Meeting of Shareholders, although it had passed the deadline for organizing this event.
Previously, this stock was also suspended from trading from June 26, 2026 because the Company did not fulfill its reporting obligations for the audited financial statements for 2024 at the end of fiscal year 2025, and at the same time maintained restricted trading due to late submission of semi-annual financial statements for 2024 and 2025 that had been reviewed for more than 45 days.
On the stock market, LTG shares have continuously "explored the bottom" at 5,300 VND/share since October 2024, after a previous sharp decline.The stock has not been traded recently due to being suspended.
On July 31, Loc Troi Group sent to the SSC and HNX a request to extend the deadline for announcing the Q2/2026 financial statements. The enterprise did not set a replacement deadline, only committing to announce the report immediately after completion.
General Director Tran Khanh Du explained that the financial crisis arising from 2024 is still prolonged, forcing Loc Troi to continue to find solutions to overcome and restore production and business operations. The change of many key personnel also causes difficulties in the process of collecting data and dossiers to serve the preparation of financial statements.
Loc Troi Group is known as a "giant" in the agricultural sector, nổi bật with the field of rice exports. In 2024, the Company was entangled in a series of scandals about debt for the Winter-Spring rice crop of farmers in the Mekong Delta, and suspicion of selling rice at unusually low prices to the Indonesian market. By the end of May 2024, this company had paid off debts to farmers.
The Group's operating apparatus continued to fluctuate when the Board of Directors dismissed Mr. Nguyen Duy Thuan from the position of General Director in July 2024. Loc Troi then accused the former leader of fraudulent acts, causing asset loss and sent documents to functional agencies.
To date, the audit progress in 2024 continues to affect the preparation of Q2/2026 financial statements. On June 12, 2026, Loc Troi terminated its contract with Ernst & Young Vietnam Co., Ltd. (EY) and transferred to UHY Auditing and Consulting Co., Ltd. According to the Board of Directors, Loc Troi and EY did not agree on the time to issue the mid-term review report and the 2024 audit report. The enterprise said that it had requested EY to complete the reports, but the auditing unit did not commit to meeting the requested progress.
UHY was hired to review the mid-term financial statements and audit the 2024 financial statements. Loc Troi is coordinating with the new unit to issue the earliest report, but said that the time from the contract signing to now is not enough to complete the procedures. Before changing the audit unit, the Board of Directors had planned to complete the audited financial statements for 2024 and 2025 in the third quarter of 2026.
Outstanding reports are not only in 2024. Loc Troi has not yet announced Q2, Q3 and Q4/2024 financial statements, 2024 audit reports and Q1, Q2 and Q3/2025 reports. The enterprise then continued to request postponement of Q4/2025, Q1/2026 and now Q2/2026 financial statements.
The latest financial statements released by Loc Troi are the Q1/2024 report, with a net loss of nearly 97 billion VND.Total assets at the end of this period reached nearly 12,000 billion VND, payables were more than 8,000 billion VND and equity was about 3,000 billion VND.
With the cancellation of public status, now the date LTG shares leave the UPCoM exchange is also in sight.
