Chairman Duc continues to receive good news.

(Dan Tri Newspaper) - From eliminating accumulated losses, converting debt into equity, welcoming new shareholders, and reaching a 10-year high in share price, HAG shares have recently been removed from the warning list.

On August 22nd, the Ho Chi Minh City Stock Exchange (HOSE) issued a decision to remove HAG shares of Hoang Anh Gia Lai Group Joint Stock Company from the warning list. The decision takes effect from August 26th. The reason is that the company has rectified the cause that led to the securities being placed on the warning list as per regulations.

On the same day, Mr. Doan Nguyen Duc - Chairman of the Board of Directors of Hoang Anh Gia Lai (Chairman Duc) - announced the successful sale of 25 million HAG shares through an agreement. After the transaction, Chairman Duc still owns 28.84% of the shares, equivalent to 304,950,533 HAG shares.

Conversely, Mr. Doan Hoang Nam, son of Chairman Duc, also announced the successful purchase of 27 million HAG shares through an agreement. This transaction brings Mr. Nam's first-ever 2.55% stake in the company.

With HAG's share price at 16,100 VND/share on that day, the total value of this transaction exceeded 400 billion VND. This is a significant asset transfer transaction within the family.

Ms. Doan Hoang Anh, daughter of Chairman Duc, currently holds a 1.32% stake in the company, equivalent to 14 million HAG shares.

Stocks hit 10-year highs.

Since the beginning of August, HAG shares have increased by 21.5%. Over the past year, the stock has risen by 60%.

The stock price surge brought joy not only to Mr. Duc, a long-time shareholder, but also to creditors who plan to convert 2.52 trillion VND of debt into shares at a price of 12,000 VND per share.

The price of 16,000 VND/share on the exchange is equivalent to approximately 15,800 VND/share after the additional share issuance to convert debt into shares, meaning it is still higher than the issuance price.

5-year HAG stock trading contract (Photo: VNDStock).

Welcoming a large influx of capital.

According to the published bondholder list, Huong Viet Investment Joint Stock Company is the largest bondholder of Hoang Anh Gia Lai with nearly 721 billion VND, expected to receive more than 60 million shares in exchange, owning 4.74% if the issuance is successful.

Huong Viet Investment is known as a member of the Huong Viet Holdings ecosystem and is currently the largest shareholder, holding 93.37% of OCBS Securities' capital. This securities company held nearly 5 million HAG shares at the end of March 2025.

OCB Bank became HAGL's new creditor from Q4/2024, lending nearly VND 2,000 billion, and is expected to further expand its loan balance to over VND 4,000 billion by the end of Q2/2025.

Besides the capital inflow from OCB, it's worth recalling the deal that helped Hoang Anh Gia Lai "revive" in late 2023, when the group of shareholders associated with Mr. Nguyen Duc Thuy and LPBank officially became comprehensive strategic partners of HAGL, holding over 5% of the shares.

With new resources, Hoang Anh Gia Lai has fully repaid its debt to Eximbank, ending one of its biggest and longest-standing financial burdens. Simultaneously, the company has successfully restructured its large bond debts, significantly reducing maturity pressure and interest costs.

Eliminate all accumulated losses.

In terms of business performance, in the second quarter of 2025, Hoang Anh Gia Lai's net revenue reached VND 2,329 billion, an increase of over 50% compared to the same period last year. After deducting expenses, the company achieved a net profit of VND 483 billion, an increase of 86%.

For the first six months of the year, Hoang Anh Gia Lai achieved net revenue of VND 3,709 billion and after-tax profit of VND 824 billion, representing increases of 34% and 73% respectively compared to the same period in 2024.

This result helped Hoang Anh Gia Lai achieve 400 billion VND in undistributed after-tax profit as of June 30, 2025. This is the first time since the fourth quarter of 2020 that the company owned by Chairman Duc has escaped accumulated losses.

Based on the results from the first six months of the year, HAGL expects to adjust its after-tax profit for 2025 upwards to VND 1,500 billion.

Hoang Anh Gia Lai has eliminated its accumulated losses (Photo: Screenshot from Q2/2025 financial statement).

Furthermore, in the third quarter of this year, upon completion of the necessary procedures, the Company will be permitted to record extraordinary income exceeding VND 1,000 billion. Thus, the Company's after-tax profit in 2025 is likely to reach VND 2,500 billion.

Nevertheless, in the audited semi-annual financial report, the auditors expressed significant doubts about the company's ability to continue as a going concern, as the group's short-term liabilities exceeded its short-term assets by VND 2,767 billion.

On August 20th, Hoang Anh Gia Lai issued an explanation, stating that the sharp increase in after-tax profit for the first six months of the year was mainly due to the gross profit from the fruit segment.

Regarding capital structure, Hoang Anh Gia Lai stated that it has developed a business plan for the next 12 months based on the going concern assumption. In particular, the export of bananas and durians continues to generate significant cash flow for the company, along with other measures.

In fact, for many years, auditors have made the same assessment regarding Hoang Anh Gia Lai's financial statements.

Source: https://dantri.com.vn/kinh-doanh/bau-duc-tiep-tiep-don-tin-vui-20250823111611990.htm