Licogi Quang Ngai Joint Stock Co
UUPCOM:LQN3,000.00
VND
+800.00
(+36.36%)
Licogi Quang Ngai Joint Stock Co
UPCOM:LQN
(Unlisted Public Company Market)
Recent
price
3,000.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Licogi Quang Ngai Joint Stock Company is a Vietnam-based company primarily engaged in civil and industrial construction, infrastructure engineering, and the production and trading of building materials. Founded in 1997 as a state-owned enterprise under the Infrastructure Development and Construction Joint Stock Corporation (LICOGI Corporation) and equitized in 2005, the company is headquartered in Quang Ngai City, Quang Ngai Province, Vietnam, and trades on the UPCoM exchange under the ticker symbol LQN. The company operates primarily across the South Central Coast and Central Highlands regions of Vietnam, serving industrial developers, civil clients, and government infrastructure projects. The company operates through three principal business segments: Construction and Installation, Building Materials and Mining, and Real Estate and Property Management. Its core products and services include: civil and industrial building construction, including manufacturing plants, industrial zone facilities, and commercial complexes; transportation infrastructure development, comprising bridges, highways, roadways, and drainage systems; hydraulic, hydroelectric, and public utility engineering works; building materials manufacturing, including fired clay bricks and tunnel kiln brick products produced via the Phong Nien Brick Factory; mineral extraction and quarrying, consisting of the extraction, processing, and supply of crushed stone from the Ca Ty quarry, construction sand from riverbed concessions such as the Son Thuong sand mine, gravel, and raw clay; wholesale distribution of construction supplies, fixtures, and specialized construction equipment; and property management and residential real estate development services. In recent corporate and operational developments, Licogi Quang Ngai has undertaken a comprehensive operational and asset restructuring to stabilize its cash flows and balance sheet. The company has pivoted its near-term operational focus toward expanding quarrying and crushing capacity at its Ca Ty stone quarry to meet aggregate demand from key industrial and infrastructure megaprojects in the Dung Quat Economic Zone and broader Quang Ngai Province. Concurrently, the company has suspended brick production at the Phong Nien facility and initiated business cooperation and leasing arrangements for its industrial land and factory assets to service debt and tax liabilities. At the corporate level, parent company LICOGI Corporation has designated Licogi Quang Ngai for divestment under its 2025–2026 corporate restructuring program, while the company completed the election of its Board of Directors and Supervisory Board for the 2023–2028 term to lead its ongoing financial recovery and project realignment initiatives.