Dabaco Takes Over Another Livestock Company in Thanh Hoa

"Dabaco is set to acquire a 98% stake in Lam Son Nhu Xuan CNC Agriculture Joint Stock Company, a Thanh Hoa-based enterprise. This acquisition involves the transfer of 9.8 million shares, representing a significant step for Dabaco as it expands its presence in the dynamic and thriving agricultural sector of Vietnam."

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Vietnam Dabaco Group JSC (Dabaco, Stock Code: DBC, HoSE) has recently announced a resolution by its Board of Directors regarding the acquisition of shares in Lam Son Nhu Xuan Agricultural JSC.

The total number of shares acquired is 9.8 million, equivalent to 98% of Lam Son Nhu Xuan’s charter capital, with a par value of VND 98 billion.

According to our sources, Lam Son Nhu Xuan Agricultural JSC was established on April 16, 2025, with a charter capital of VND 70 billion. The company is headquartered in Thanh Hoa province and specializes in pig farming and pig breeding.

As of the latest update on July 10, 2025, the company increased its charter capital to VND 100 billion, with 100% private capital. The Chairman of the Board of Directors and legal representative is Ms. Le Thi Phuong Linh (born in 1989).

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Ms. Linh is also the legal representative of several other companies, including Lam Son Nhu Xuan JSC, Ha Thanh Financial Investment Corporation, and Lam Son Nhu Xuan High-Tech Agriculture JSC.

In another development, Mr. Le Quoc Doan, a member of Dabaco’s Board of Directors, has reported on the sale of 500,000 DBC shares between August 14 and 15, 2025.

Following this transaction, Mr. Doan’s ownership of DBC shares decreased from 776,047 to 276,047, reducing his stake from 0.23% to 0.08%.

Based on the average share price of VND 30,800 on August 14-15, 2025, Mr. Doan is estimated to have earned VND 15.4 billion from this transaction.

In terms of business performance, according to the consolidated financial statements for the second quarter of 2025, Dabaco recorded a gross profit of over VND 825 billion, an increase of 91.7% compared to the same period last year.

The company also generated VND 21 billion in financial revenue, a 4.5-fold increase year-over-year, while financial expenses decreased from VND 80 billion to VND 66 billion.

Selling expenses increased by 15.2% to VND 128 billion, and management expenses rose from VND 94 billion to VND 117 billion.

For the first six months of 2025, Dabaco reported a net profit of over VND 1,015 billion, 4.7 times higher than the same period in 2024.

As of June 30, 2025, Dabaco’s total assets increased by 3.2% from the beginning of the year to over VND 14,574 billion. Inventories stood at nearly VND 5,684 billion, and long-term assets under construction were valued at nearly VND 1,218 billion.

On the liabilities side, total liabilities decreased by 4.9% to nearly VND 6,997 billion, including loans and finance leases of over VND 4,939 billion.

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