According to Hoang Anh Gia Lai Joint Stock Company (HoSE: HAG), on August 22, the son of Chairman of the Board of Directors Doan Nguyen Duc (Bau Duc), Mr. Doan Hoang Nam, successfully purchased 27 million HAG shares, equivalent to 2.55% of capital at Hoang Anh Gia Lai, through negotiation.

Also on August 22, Hoang Anh Gia Lai announced that Mr. Doan Nguyen Duc (Bau Duc), Chairman of the Board of Directors of Hoang Anh Gia Lai Joint Stock Company, successfully sold 25 million HAG shares by negotiation between August 18 and 22.

Before the transaction, Mr. Duc owned nearly 330 million HAG shares, equivalent to 31.2%, worth about VND5,346 billion. After the transaction, Mr. Duc still holds nearly 305 million HAG shares, equivalent to 28.84%.

This is the first time Bau Duc's son has appeared as a shareholder of HAGL, opening up the possibility of following in his father's footsteps in managing a once-famous business from real estate, hydropower to agriculture .

The stock buying and selling of Bau Duc and his son took place in the context of HAG stock price being at its highest peak in the past 3 years. Since the beginning of 2025, HAG stock price has increased by nearly 30%.

At the close of trading on August 21, HAG shares had their highest price in over 3 years, at VND16,850/share. In the session on August 22, HAG decreased along with the market, losing VND750 (-4.45%) to VND16,100/share.

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Mr. Duc sold HAG shares, while his son bought them. Photo: HAG

Bau Duc has 3 children, including daughter Doan Hoang Anh and 2 sons Doan Hoang Nam and Doan Hoang Nam Anh. Doan Hoang Anh currently owns 13 million HAG shares, a ratio of 1.23%. All 3 of Bau Duc's children have studied and lived in Singapore since they were very young and have never appeared in the media.

Bau Duc's wife, Ms. Hoang Thi Ngoc Bich, also rarely appears in the media.

In the second quarter of 2025, HAG reported a net profit of VND483 billion, up 86% year-on-year thanks to the breakthrough in the banana business segment. In the first 6 months of the year, HAG reported a 34% increase in revenue to over VND3,700 billion, and a 72% increase in profit to VND824 billion, reaching 78% of the annual profit target.

Thus, by the end of June, HAG no longer had accumulated losses.

In the past 10 years, HAGL has faced unprecedented difficulties. From a famous mountain town enterprise, HAGL fell into a serious financial crisis due to over-expansion into many fields such as real estate, hydropower, and agriculture. At its peak, the company suffered an accumulated loss of nearly 7,000 billion VND and outstanding debt of up to 32,000 billion VND. During this period, HAGL faced great liquidity pressure, especially debt from bonds and bank loans.

To escape the crisis, Mr. Doan Nguyen Duc implemented a series of restructuring measures. In 2018, HAGL reached an agreement with Thaco of billionaire Tran Ba ​​Duong, transferring HAGL Agrico (HNG) to collect a large amount of money to pay off debt. Thaco committed to arranging debt restructuring for HNG, helping HAGL reduce financial pressure. In addition, HAGL also received support from LPBank , Thaiholdings, and loan interest exemption from Eximbank, thereby significantly improving its financial situation.

In addition to debt restructuring, HAGL is focusing on core business areas. The “2 trees, 1 pig” model takes advantage of high durian prices and strong demand for pork, helping the company achieve good profits in 2024. Liquidating unprofitable assets, such as Hoang Anh Gia Lai Hotel and University of Medicine and Pharmacy Hospital - HAGL, also provides capital for restructuring. These efforts help HAGL reduce accumulated losses and improve cash flow.

Mr. Duc spent hundreds of billions to 'buy goods', how is Hoang Anh Gia Lai's health? Chairman of the Board of Directors of Hoang Anh Gia Lai (HAG), Mr. Doan Nguyen Duc (Bau Duc), has just spent about 135 billion VND to buy 10 million HAG shares in the context of the company achieving positive business results and making significant efforts to reduce debt.

Source: https://vietnamnet.vn/hoang-anh-gia-lai-co-co-dong-moi-dac-biet-2435071.html