Mr. Duc's company wants to use shares to exchange for a debt of 2.52 trillion VND.

(Dan Tri Newspaper) - Hoang Anh Gia Lai has converted a debt of 2,520 billion VND into 210 million shares, subject to a one-year transfer restriction.

Hoang Anh Gia Lai Joint Stock Company (stock code: HAG) is seeking shareholder approval for a debt swap of VND 2,520 billion by issuing 210 million shares at a price of VND 12,000 per unit.

The swap price is lower than the share price traded on the exchange (14,000 VND/unit). These shares are subject to a one-year transfer restriction.

The list of creditors involved in the debt swap includes one organization and five individuals. Of these, the only organization is Huong Viet Investment Consulting Joint Stock Company, with a debt value of nearly 721 billion VND being swapped. It is expected that after the swap, Huong Viet will hold 4.74% of the company's capital.

List of creditors and the value of the debt swapped (Source: HAGL).

Prior to being named on this list, Huong Viet had appeared in Hoang Anh Gia Lai's documents. Ms. Ha Kiet Tran – nominated by Chairman Duc to the group's Board of Directors at the recent meeting – is the Investment Director of Huong Viet. Huong Viet is also the largest shareholder of OCBS Securities Company.

The chairman of OCBS is Mr. Vo Quang Long, who is also the chairman of the board of directors of Huong Viet. Mr. Nguyen Duc Quan Tung was recently appointed as the General Director of OCBS on February 10th. Mr. Tung had previously expressed interest in purchasing HAG shares during the company's private placement in 2022 but ultimately did not participate.

Other individuals on the list of creditors include Ms. Nguyen Thi Dao, Mr. Phan Cong Danh, Mr./Ms. Nguyen Anh Thao, Mr. Ho Phuc Truong, and Mr. Nguyen Duc Trung. Of these, Ms. Dao, Mr. Truong, and Mr. Trung each own more than 3% of the company's capital after the issuance.

Hoang Anh Gia Lai also announced adjustments to its revenue and profit plan for this year. The new plan projects net revenue of VND 7,100 billion and after-tax profit of VND 1,550 billion, representing increases of 29% and 39% respectively compared to previous targets. If the new plan is implemented, the company will achieve its highest profit level in 15 years.

Earlier, in a letter to shareholders in early July, Mr. Duc also revealed that he would adjust this year's profits. The reason is that the company will record additional revenue from durian in the second half of the year. An extraordinary income of more than 1,000 billion VND may also be recorded in the third quarter, once the necessary procedures are completed.

In the first half of this year, Hoang Anh Gia Lai performed well, with realized profits exceeding 60% of the full-year target. While durian sales haven't generated revenue yet, banana prices have remained high and stable since the beginning of the year, contributing positively to this result.

In addition to adjusting its business targets, Hoang Anh Gia Lai also officially approved a plan to invest in developing raw material areas for mulberry cultivation and Arabica coffee. For coffee, the planned area is 2,000 hectares in Vietnam and Laos, with a total investment of VND 2,002 billion. For mulberry cultivation, the planned area is 2,000 hectares in Vietnam, Cambodia, and Laos, with a total investment of VND 1,343 billion.

Source: https://dantri.com.vn/kinh-doanh/cong-ty-bau-duc-muon-dung-co-phieu-de-doi-khoan-no-2520-ty-dong-20250725081357265.htm