Bau Duc's son has just been revealed to have spent more than 800 billion VND to buy HAG shares.

(Dan Tri) - Mr. Duc's son spent more than 821 billion VND to own over 52 million HAG shares, becoming a shareholder of Hoang Anh Gia Lai with a holding ratio of 4.92% of capital.

Mr. Doan Hoang Nam - son of Mr. Doan Nguyen Duc (Bau Duc), Chairman of the Board of Directors of Hoang Anh Gia Lai (stock code: HAG) - has just successfully purchased 25 million HAG shares on August 28. The transaction was conducted by negotiation.

Mr. Duc's son has only recently appeared but has made a strong impression on the market, when he spent more than 821 billion VND twice in a row to buy a large amount of HAG shares.

The first time, Mr. Nam bought 27 million shares to increase his ownership ratio to 2.55%. The second time, he quickly bought another 25 million shares to increase his holdings to 52 million units.

Thus, in less than half of August, from being a related person, Mr. Nam became a shareholder of the company led by his father, with an ownership ratio of 4.92%.

In the half month that Mr. Nam made two purchases, HAG shares increased from 15,200 VND/unit to a peak of 17,300 VND/unit and are currently trading around 16,500 VND/unit. This is also the highest price range of HAG code in the past 10 years, temporarily far from the times when it was only around 4,000-5,000 VND/share.

HAG stock at 10-year high price (Source: TradingView)

HAG shares increased sharply in the context of Hoang Anh Gia Lai receiving a series of good news. In the first half of the year, the group achieved a profit of 870 billion VND, an increase of 74% compared to the same period last year.

Thanks to good business results, Hoang Anh Gia Lai has officially erased accumulated losses that have lasted for many years. As of June 30, the group's accumulated profit has reached nearly 400 billion VND. Mr. Duc had hoped to be able to resolve all debts and the group's financial report at the end of this year would be "extremely beautiful".

However, in the audit report for the first half of this year, the auditing unit Ernst & Young Vietnam still noted that the group's short-term debt exceeded its short-term assets by more than VND2,767 billion. These conditions indicate the existence of a material uncertainty that raises significant doubts about the group's ability to continue as a going concern.

Explaining this issue, the group said that cash flow in the next 12 months is expected to come from liquidating part of financial investments, liquidating assets, recovering loans from partners, along with sources from issuing individual bonds, bank credit and debt restructuring plans.

Hoang Anh Gia Lai is also working with lenders to adjust the default terms and seek shareholder approval for a plan to convert part of the debt into equity.

This year, banana and durian export business continues to bring in large cash flows. The Board of Directors still prepares financial statements on the basis of meeting the going concern assumption.

Before the appearance of Mr. Duc’s son, the market only saw transactions by Ms. Doan Hoang Anh, Mr. Duc’s daughter. According to the management report for the first half of the year, Ms. Hoang Anh owned 13 million HAG shares, accounting for 1.23%.

In addition, Mr. Duc also has another son, Doan Hoang Nam Anh, but he does not hold HAG shares.

Recently, Mr. Duc agreed to sell 25 million HAG shares, reducing his ownership ratio to 28.84%.

Source: https://dantri.com.vn/kinh-doanh/con-trai-bau-duc-vua-lo-dien-da-chi-hon-800-ty-dong-mua-co-phieu-hag-20250829142522061.htm