Hoang Anh Gia Lai is about to have a leadership change, revealing Mr. Duc's new billion-dollar deal?

Hoang Anh Gia Lai Joint Stock Company is about to hold its 2024 Annual General Meeting of Shareholders. At this meeting, the senior leadership team of Mr. Duc's company will be reorganized, and a number of candidates will appear.

Bau Duc in a conversation, sharing plans to develop clean agricultural products - Photo: HD

Hoang Anh Gia Lai Joint Stock Company (HAGL) has just announced documents for the 2025 Annual General Meeting of Shareholders scheduled to take place in June.

At this congress, HAGL will elect a new board of directors for the 2025-2030 term.

According to the list of candidates, Mr. Doan Nguyen Duc (Bau Duc) - current Chairman of the Board of Directors - is running for the company's leadership for the new term.

With 30.26% ownership of HAGL's charter capital, Mr. Duc also nominated a number of other individuals to complete the Board of Directors.

Mr. Duc's nomination list includes 3 familiar figures at HAGL, including: Mr. Vo Truong Son - member of the Board of Directors since 2015; Ms. Ho Thi Kim Chi - Deputy General Director of HAGL; Ms. Vo Thi My Hanh - member of the Board of Directors and Deputy General Director of HAGL since 2021.

In addition, Mr. Duc also nominated Ha Khiet Tran to the Board of Directors - this is a completely new candidate, currently the capital investment director at Huong Viet Investment Consulting Joint Stock Company.

In addition to Mr. Duc, the group of shareholders owning 11.47% of HAGL's charter capital - including Thaigroup Corporation, LPBank Securities Company (LPBS), and Mr. Nguyen Phan Anh - nominated Ms. Vu Thanh Hue to the position of member of the Board of Directors for the new term.

According to the attached resume, Ms. Hue currently holds many important positions in the Thaigroup ecosystem such as: Member of the Board of Directors and Deputy General Director of Thaigroup; Chairman of the Board of Directors of Thaihomes Real Estate Development Joint Stock Company; Vice Chairman of LPBS; Member of the Board of Directors of Kim Lien Tourism Joint Stock Company.

Previously, Thaigroup - an affiliate of Thaiholdings - along with LPBank Securities became shareholders of HAGL after purchasing shares in a private placement last year.

Last year, LPBank also committed to investing in Hoang Anh Gia Lai through a 5,000 billion VND sponsorship contract, with priority given to investment in green agriculture.

In phase 1 of the agreement, LPBank committed to disbursing VND3,000 billion for HAGL to boost investment in three key agricultural products: bananas, durian and pig farming.

As of the end of September 2024, the financial report showed that LPBank had disbursed more than VND 1,600 billion to HAGL, mainly in the form of short-term loans.

LPBank 'disappears', OCB becomes the bank that lends the most to Mr. Duc's company

However, in the financial report for the first quarter of 2025, the loan from LPBank no longer appears. Instead, OCB became the bank lending the most to HAGL with a total outstanding loan of VND 2,213 billion.

Regarding Huong Viet Investment Consulting Company - where Ms. Ha Khiet Tran is currently the leader - this is the largest shareholder at OCBS Securities Company, holding up to 85.39% of capital. The Chairman of Huong Viet is also Mr. Vo Quang Long, who is also the Chairman of the Board of Directors of OCBS.

In addition, the general director of OCBS is Mr. Nguyen Duc Quan Tung - who was on the list of registered buyers of individual shares in HAGL's VND1,300 billion offering last year, but was later replaced by Mr. Le Minh Tam.

BINH KHANH

Source: https://tuoitre.vn/hoang-anh-gia-lai-sap-bien-dong-lanh-dao-he-lo-thuong-vu-bac-ti-moi-cua-bau-duc-20250528154758816.htm