Mr. Duc is about to put two more agricultural companies on the stock exchange?

(Dan Tri) - Previously, Mr. Duc had another agricultural enterprise listed on the stock exchange, HAGL Agrico (stock code: HNG), but transferred this enterprise to Thaco since 2021.

Hoang Anh Gia Lai Group Joint Stock Company (HAGL, stock code: HAG) has just announced a resolution, recording the plan to put two subsidiaries, Hung Thang Loi Gia Lai and Gia Suc Lo Pang, on the stock exchange in 2026 and 2027. These two enterprises are considered to be the two "favorites" of the enterprise of which Mr. Doan Nguyen Duc (Bau Duc) is Chairman of the Board of Directors.

In mid-October, HAGL approved the conversion of debt into equity at Hung Thang Loi Gia Lai - a company with a charter capital of VND1,285 billion. As of September 30, this company owes HAGL more than VND822 billion, including principal of VND700 billion, interest of more than VND39.4 billion, borrowed money and debt offset of nearly VND82.8 billion, and other debts of nearly VND164.6 million.

HAGL will convert 300 billion VND of debt into equity at the above company, thereby increasing the charter capital of this subsidiary to 1,585 billion VND. Thus, the value of HAGL's equity here is more than 1,569 billion VND, equivalent to a 99% ownership ratio.

According to research, Hung Thang Loi Gia Lai was established on October 12, 2016, its main business line is crop cultivation services.

Mr. Doan Nguyen Duc (Photo: DT).

Lo Pang Livestock was established in June 2020, with the main activities being livestock farming and fruit growing. This enterprise officially became a subsidiary of HAGL from March 31, 2022.

If the listing plan is successful, Mr. Duc will have 3 businesses listed on the stock exchange, supporting capital mobilization to develop a sustainable agricultural plan. Previously, Mr. Duc had another agricultural business listed on the stock exchange, HAGL Agrico (stock code: HNG). From 2021, Mr. Duc transferred this business to Thaco - a group chaired by billionaire Tran Ba ​​Duong.

With the new listing, Mr. Duc's enterprise simultaneously announced a profit target of 5,000 billion VND in 2028 as well as plans for coffee and durian products.

Source: https://dantri.com.vn/kinh-doanh/bau-duc-sap-dua-them-2-cong-ty-nong-nghiep-len-san-20251029144755054.htm