Loc Troi Group Joint Stock Company (Stock Code: LTG, UPCoM) has announced a resolution by its Board of Directors approving transactions between the company and related parties.
Accordingly, Loc Troi Group plans to borrow VND 200 billion from Loc Troi Agricultural Products JSC and VND 50 billion from Loc Troi Seed Corporation.
These loans have a term of one year with an interest rate of 5.5% per annum. The purpose of the loans is to support production and business activities, as detailed in each promissory note.
It is noted that both companies are wholly-owned subsidiaries of Loc Troi Group, with 100% of their charter capital held by the Group as of March 31, 2024.
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In another development, Loc Troi Group previously submitted a document to the State Securities Commission (SSC) and the Hanoi Stock Exchange (HNX) requesting an extension for the publication of its Q3/2025 financial report.
The Group cited force majeure events as the reason for the delay in publishing the financial report for Q3/2025.
Specifically, the prolonged financial crisis since 2024 has significantly impacted the company, which is still working on recovery measures to restore its production and business operations.
Additionally, the company has experienced significant personnel changes, including the replacement of key personnel, making it challenging to compile data and documents for the financial report.
Furthermore, the company has undergone substantial changes in its business model. Notably, the agricultural input sector, a major and critical division, has shifted its sales approach by expanding its distribution network, directly selling to dealers, and implementing optimized sales policies to swiftly address challenges and obstacles. These changes require the company to dedicate time and resources to manage related issues.
Due to these reasons, the 2025 Annual General Meeting of Shareholders (AGM) was postponed multiple times and was only held on August 23, 2025. During the meeting, a proposal to authorize the Board of Directors to select an independent auditing firm for the 2025 financial report was approved. Consequently, the company has not had sufficient time to complete the subsequent procedures.
Therefore, Loc Troi Group requests the SSC and HNX to consider and approve an extension for the publication of its Q3/2025 financial report.
The company commits to announcing this extension and publishing the full Q3/2025 financial report as soon as it is completed.
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