Mr. Duc plans to list two companies in the agricultural sector.

Bầu Đức lên kế hoạch niêm yết hai công ty trong mảng nông nghiệp - Ảnh 1. — Mr. Doan Nguyen Duc (Bau Duc) - Chairman of Hoang Anh Gia Lai - wants to list 2 subsidiaries - Photo: BONG MAI

The stock market closed the trading session on October 29 in green, with the VN-Index increasing by more than 5 points. The entire floor recorded nearly 250 stocks increasing in price.

Notably, Hoang Anh Gia Lai's HAG stock increased to the ceiling, attracting strong attention from investors.

Stocks performed positively as Hoang Anh Gia Lai just passed a resolution approving the plan to list two subsidiaries, Hung Thang Loi Gia Lai and Gia Suc Lo Pang, on the stock exchange.

Specifically, according to the plan, Hoang Anh Gia Lai plans to list Hung Thang Loi Gia Lai Company Limited in 2026 and Gia Suc Lo Pang Joint Stock Company in 2027.

Currently, Hung Thang Loi Gia Lai focuses on cultivation and livestock farming, managing food crop areas and herds of pigs and poultry.

Meanwhile, Gia Suc Lo Pang operates in multiple sectors of agriculture , owns pig farms, large cultivated land funds and provides agricultural products for the Hoang Anh Gia Lai system.

These two subsidiaries will seek consultants, value and develop an issuance plan. Hoang Anh Gia Lai's Board of Directors will be responsible for directing and supervising the entire process.

If the listing plan is successful, Mr. Duc will own three businesses on the stock exchange, helping to raise capital to develop a sustainable agricultural strategy.

Previously, he had another listed agricultural enterprise, Hoang Anh Gia Lai Agrico (HNG). But since 2021, Mr. Duc has transferred this company to Thaco - a corporation chaired by billionaire Tran Ba Duong.

Regarding business results, Hoang Anh Gia Lai 's consolidated third quarter report shows that in the first nine months of the year, the company recorded net revenue of more than VND5,600 billion, up 33% over the same period last year. The fruit segment accounted for nearly 80% of revenue with VND4,408 billion.

Thanks to improved profit margins and effectively controlled costs, after-tax profit reached VND1,312 billion, completing about 87% of the VND1,500 billion target set for the whole year.

Furthermore, this enterprise is expected to record an extraordinary income of more than 1,000 billion VND in the fourth quarter, thereby this year's profit could reach about 2,500 billion VND, exceeding the plan.

HAG shares are becoming a bright spot on the stock market, increasing by 27% in just the last three months and showing no signs of cooling down this week. At 16,950 VND/share, HAG has reached its highest price peak of the week.

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LINH NGUYEN

Source: https://tuoitre.vn/bau-duc-len-ke-hoach-niem-yet-hai-cong-ty-trong-mang-nong-nghiep-20251029173035243.htm