In particular, IDP will acquire 7.2 million shares of Ho Toan JSC at VND 20,000 per share, equivalent to an investment of VND 144 billion. These shares represent 34.29% of Ho Toan’s charter capital. The method, timing, and related matters will be stipulated in the share transfer agreement between the existing shareholders.
IDP’s capital representative at Ho Toan is Mr. Bui Hoang Sang – CEO of IDP.
Ho Toan JSC, established in March 2016 with a charter capital of VND 65 billion, specializes in buffalo and cattle farming. The company is headquartered in Yen Phu village, An Tuong commune, Tuyen Quang city, Tuyen Quang province. It has 9 founding shareholders, including Mr. Nguyen Trung Ha (based in Ba Dinh, Hanoi), who holds over 40% of the charter capital. The legal representative is Mr. Luong Duy Toan (born in 1971) – CEO of the company, holding 2.3% of the charter capital.
Ho Toan has undergone three charter capital increases. In 2019, the company raised its capital to VND 85 billion, followed by an increase to nearly VND 168 billion in 2021, and VND 210 billion in 2022.
Ho Toan Company owns a cattle farm in village 14, My Bang commune, Yen Son district, Tuyen Quang province. The farm has a total investment of VND 125 billion (including VND 105 billion of self-funded capital) and started cattle breeding and milk production in November 2027. In 2017, CEO Luong Duy Toan shared that the farm houses 1,000 heads of HF cattle imported from Australia, including 500 milk cows.
 Ho Toan Company’s dairy farm. Source: Tuyen Quang Provincial Portal.
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Turning back to IDP, Mr. Bui Hoang Sang recently registered to purchase 15,000 shares of the company for personal financial needs. With a market price of VND 220,000 per share and infrequent transactions, it is likely that Mr. Sang will need to make a negotiated purchase to complete the transaction. The estimated expenditure is VND 3.3 billion.
– 10:51 19/05/2025
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