Mr. Doan Nguyen Duc (Chairman of Hoang Anh Gia Lai Group) wants to list two of his subsidiaries on the stock exchange. - Photo: BONG MAI
The stock market closed the trading session on October 29th in positive territory, with the VN-Index rising by more than 5 points. Nearly 250 stocks across the entire exchange saw price increases.
Notably, Hoang Anh Gia Lai's HAG stock surged to its ceiling price, attracting significant investor interest.
Shares performed positively following Hoang Anh Gia Lai's approval of a resolution to list two of its subsidiaries, Hung Thang Loi Gia Lai and Gia Suc Lo Pang, on the stock exchange.
Specifically, according to the plan, Hoang Anh Gia Lai expects to list Hung Thang Loi Gia Lai Co., Ltd. on the stock exchange in 2026 and Lo Pang Livestock Joint Stock Company on the stock exchange in 2027.
Currently, Hung Thang Loi Gia Lai focuses on crop cultivation and livestock farming, managing feed crop areas along with pig and poultry herds.
Meanwhile, Lo Pang Livestock operates in multiple sectors within agriculture , owning pig farms, extensive arable land, and supplying agricultural products to the Hoang Anh Gia Lai system.
These two subsidiaries will seek consultants, conduct valuations, and develop issuance plans. The Board of Directors of Hoang Anh Gia Lai will be responsible for directing and supervising the entire process.
If the listing plan is successful, Mr. Duc will own three listed companies, helping him raise capital to develop a sustainable agricultural strategy.
Previously, he owned another listed agricultural business, Hoang Anh Gia Lai Agrico (HNG). However, since 2021, Mr. Duc has transferred this company to Thaco - a conglomerate chaired by billionaire Tran Ba Duong.
Regarding business results, Hoang Anh Gia Lai 's consolidated report for the third quarter shows that in the first nine months of the year, the company recorded net revenue of over 5,600 billion VND, an increase of 33% compared to the same period last year. The fruit segment accounted for nearly 80% of revenue with 4,408 billion VND.
Thanks to improved profit margins and effective cost control, after-tax profit reached VND 1,312 billion, achieving approximately 87% of the VND 1,500 billion target set for the whole year.
Furthermore, the company expects to record extraordinary income of over 1 trillion VND in the fourth quarter, which could bring this year's profit to approximately 2 trillion VND, exceeding the plan.
HAG shares are becoming a bright spot on the stock market, having increased by 27% in just the last three months and showing no signs of slowing down this week. At 16,950 VND/share, HAG has reached its highest price of the week.
Source: https://tuoitre.vn/bau-duc-len-ke-hoach-niem-yet-hai-cong-ty-trong-mang-nong-nghiep-20251029173035243.htm
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