Bau Duc's company is privately issued 130 million shares.

The State Securities Commission has just approved Hoang Anh Gia Lai to issue 130 million private shares, raising VND1,300 billion.

Accordingly, the authorities request that within 10 days of the offering, the company must send a report with confirmation from the bank where the blocked account for the proceeds from the offering is opened to the Securities Commission.

After successfully offering privately issued shares, the company will collect 1,300 billion VND. Mr. Duc's company will use about 347 billion VND to pay part or all of the principal and interest for the HAG2012.300 bond lot. More than 253 billion VND will be used to restructure the debt for HAGL's subsidiary and the remaining 700 billion will be used to supplement working capital and restructure the debt for another subsidiary, Hung Thang Loi Gia Lai.

Mr. Doan Nguyen Duc - Chairman of Hoang Anh Gia Lai. Photo: Duc Dong

According to information announced by Hoang Anh Gia Lai Joint Stock Company, the two investors buying shares in the company's private issuance are LPBank Securities Company planning to buy 50 million HAG shares, and Thaigroup Corporation buying 52 million shares.

LPBank Securities was established in 2009. Currently, Lien Viet Post Bank (LPBank) is one of the major shareholders of this bank with 5.5% of shares. Thaigroup, formerly Xuan Thanh Group - a multi-industry private economic group, is currently owned by ThaiHoldings (THD) with more than 81% of capital.

Thaiholdings used to be a company related to Mr. Nguyen Duc Thuy. Mr. Thuy is currently also the Chairman of LPBank's Board of Directors. In the last quarter of last year, this bank signed a comprehensive cooperation agreement with HAGL.

In addition, the offering includes Mr. Le Minh Tam, the new Chairman of LPBank Securities, born in 1971. After this issuance, Mr. Tam can own 2.65% of HAGL's capital.

Thi Ha

Source link: https://vnexpress.net/cong-ty-bau-duc-duoc-phat-hanh-rieng-le-130-trieu-co-phieu-4711654.html