{"article":{"id":"2221653","title":"LDG Chairman Nguyen Khanh Hung was prosecuted, Dat Xanh Group immediately spoke up","description":"Dat Xanh Group (DXG) shares were sold heavily after the news that LDG Chairman Nguyen Khanh Hung was prosecuted. Dat Xanh has just spoken up about its relationship with LDG real estate.","contentObject":"
Dat Xanh Group (DXG) has just sent a notice to shareholders about its relationship with Mr. Nguyen Khanh Hung, Chairman of the Board of Directors of LDG Investment Joint Stock Company. Chairman Luong Tri Thin's company said it had divested from LDG since July 2020.
\nIn fact, Mr. Nguyen Khanh Hung had a long time associated with with Dat Xanh as a leader. LDG was also an affiliated company of Dat Xanh.
\nLDG was established by changing its name from Long Dien Real Estate JSC in 2015. Its charter capital increased from VND 50 billion to VND 750 billion and was listed on the Ho Chi Minh City Stock Exchange.
\nIn 2016, Le Ky Phung, Chairman of the Board of Directors and founder, withdrew from LDG. Mr. Nguyen Khanh Hung replaced Mr. Phung's position. At that time, Mr. Hung was a member of the Board of Directors, Deputy General Director of Dat Xanh Real Estate Services and Construction JSC (currently Dat Xanh Group).
\nAt that time, Dat Xanh was the largest shareholder group at LDG. Therefore, LDG is always considered the "shadow" of Dat Xanh.
\nIn 2017, LDG entered the apartment segment in Ho Chi Minh City when launching apartment projects under the Intela brand such as Saigon Intela, High Intela and West Intela and many projects in the provinces.
\nIn mid-2020, Dat Xanh suddenly divested from LDG. DXG decided to sell all of its nearly 63 million shares, equivalent to 26.27% of its capital at LDG. At the same time, Ha Thuan Hung Construction Trading Service Co., Ltd., a subsidiary of DXG, also registered to sell all of its more than 25 million LDG shares, equivalent to 10.45% of charter capital.
\nIn total, Dat Xanh's large group sold 88 million LDG shares, equivalent to 36.72% of charter capital and lost about VND 500 billion.
\n![\"ldgnguyenkhanhhung](\"https://static-images.vnncdn.net/files/publish/2023/12/1/ldgnguyenkhanhhung-vnf-1018.gif?width=0&s=xOqoQ74xk_jZBTe0RxP_Gw\")
This is quite a surprising development because the investment in LDG is considered a strategy of DXG. LDG has a real estate investment and development business, similar to Dat Xanh and also has quite good prospects with the ownership of many large projects.
\nComing from Dat Xanh, Mr. Hung is associated with many large projects
\nMr. Nguyen Khanh Hung was born in 1978, originally from Quang Binh. After graduating with a bachelor's degree in law, Mr. Hung joined Dat Xanh as deputy general director. From 2004-2021, he held the position of vice chairman of the Board of Directors. In January 2021, Mr. Hung officially submitted his resignation from the position of member of the Board of Directors and Vice Chairman of the Board of Directors.
\nAt LDG, Mr. Hung held the position of General Director, and then sat in the position of Chairman of the Board of Directors from 2016 until now.
\nUnder Mr. Hung, LDG had recorded revenue and profit at a very high level compared to the size of the enterprise, with a profit of 600 billion VND in one year. LDG began to decline in 2020 and turned to a loss of more than 200 billion VND in the first 9 months of 2023.
\nFor a long time, LDG was known as an enterprise developing dozens of real estate projects with products ranging from apartments, townhouses, villas, shophouses, etc. across the country. Among them, there is the LDG Grand Ha Long project with a scale of nearly 419 hectares, a total investment of 26,514 billion VND (more than 1 billion USD) in Quang Ninh.
\nAccording to the resolution of the 2023 Annual General Meeting of Shareholders, LDG plans to carry out legal procedures for the LDG Grand Ha Long project.
\nIn addition, LDG Group is implementing a series of other projects such as LDG Grand Da Nang with a scale of 29 hectares, a total investment of more than 8,000 billion VND; LDG Sky (Binh Duong) scale 1.8ha, total investment capital of nearly 4,700 billion VND,...
\nRecently when facing difficulties, LDG has planned to transfer 2 projects including Bai But - Son Tra Beach Tourist Area and Apartment Complex Lot C1 in Binh An Ward, Di An City, Binh Duong Province.
\n![\"\"](\"https://static-images.vnncdn.net/files/publish/2023/11/30/chu-tich-bi-bat-vu-500-bie)
LDG Chairman has just been arrested for building 500 villas: Scandalous for selling illegally, continuously being sold for prizes acceptLDG Chairman Nguyen Khanh Hung, who was recently arrested in connection with the illegal construction of 500 villas, is a familiar but notorious name in the stock market.
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View author's postsShares of Dat Xanh Group (DXG) were sold strongly after the information that President Nguyen Khanh Hung was prosecuted.
Dat Xanh Group (DXG) has just notified to shareholders related to Mr. Nguyen Khanh Hung, Chairman of the Board of Directors of LDG Investment Joint Stock Company.
In fact, Mr. Nguyen Khanh Hung had a long time with Dat Xanh as a leader.
LDG was born by renaming Long Dien Real Estate JSC in 2015. Charter capital increased from VND 50 billion to VND 750 billion and listed on Ho Chi Minh City Stock Exchange.
In 2016, Le Ky Phung, Chairman of the Board of Directors and the founder withdrew from LDG. Mr. Nguyen Khanh Hung replaced Mr. Phung's position.
At that time, Dat Xanh was the largest group of shareholders in LDG. Therefore, LDG was always considered the "shadow" of Dat Xanh.
In 2017, LDG entered the apartment segment in Ho Chi Minh City when launching Intela -branded apartment projects such as Saigon Intela, High Intela and West Intela and many projects in the provinces.
In mid -2020, Dat Xanh suddenly divest from LDG. DXG decided to sell nearly 63 million shares, equivalent to 26.27% of capital at LDG.
A total of 88 million LDG shares, equivalent to 36.72% of charter capital and a loss of about VND 500 billion.
This is a rather unexpected development because the investment in LDG is considered a strategy of DXG.
Going up from Green Land, Mr. Hung is associated with many big projects
Mr. Nguyen Khanh Hung was born in 1978, has a Nguyen Quan Quang Binh.
In LDG, Mr. Hung holds the position of General Director, and then sat in the chair of the Board of Directors from 2016 to the present.
Under Mr. Hung, LDG once recorded a very high level of revenue and profit compared to the scale of the enterprise, with five profits of VND 600 billion.
For a long time, LDG is known as a business that develops dozens of real estate projects with products from apartments, villas, shophouse, ... across the country.
According to the Resolution of the 2023 Annual General Meeting, LDG plans to carry out legal procedures for the LDG Grand Ha Long project.
In addition, LDG Group implemented a series of other projects such as LDG Grand Da Nang with a scale of 29 hectares, total investment capital of more than 8,000 billion;
Recently, when facing difficulties, LDG plans to transfer two projects including Bai But - Son Tra beach tourist area and Lot C1 apartment building in Binh An ward, Di An city, Binh Duong province.
Chairman of LDG built 500 newly arrested villas: the sound of semi -underdog, constantly being sold by Chairman of LDG Nguyen Khanh Hung has just been arrested related to the construction of 500 illegal villas is a familiar but scandalous name in the stock market.
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