Accordingly, the Company will carry out the sale according to the approved profile and report the results in accordance with the regulations of the law.
HAG plans to privately sell 130 million shares at a price of 10,000 dong/share to raise 1.3 trillion dong. Privately issued shares will be restricted from transfer for 1 year for professional securities investors. The raised funds will be used to supplement working capital, restructure debts for subsidiary companies, and partially or entirely repay the principal and interest of bonds issued by the Company on June 18, 2012.
It is known that the list of strategic investors buying 130 million privately issued shares has also changed several times. According to the latest list, LPBank Securities is expected to buy 50 million shares (equivalent to 4.73% ownership after the issuance), ThaiGroup Corporation to buy 52 million shares (4.92% ownership), and professional investor Le Minh Tam to buy 28 million shares (2.65% ownership). Prior to the sale, this group of institutional and individual investors did not own any HAG shares.
* HAG changes the list of strategic investors for the private sale of 130 million shares
In other news, HAG has also appointed a new CEO. Mr. Nguyen Xuan Thang has been appointed to replace the positions of Mr. Vo Truong Son for a term of 5 years, starting from February 7, 2024. Mr. Son expressed his desire to resign as CEO and legal representative of the Company due to personal reasons.
Mr. Son has worked for HAG for 16 years and sat in the “hot seat” for 9 years. He is one of the positive factors contributing to the construction and development of HAG up to now. In addition to holding just over 104 HAG shares personally, Mr. Son’s relatives do not hold any HAG shares.
After leaving the CEO position, Mr. Son will still be a member of the Board of Directors of the Company for the 2021-2026 term.
* HAG changes the list of strategic investors for the private sale of 130 million shares
In terms of business performance, by the end of 2023, HAG achieved a net revenue of nearly 7 trillion dong, a 36% increase compared to 2022, and a net profit of 1.709 trillion dong, more than one and a half times higher than the previous year. This is the highest profit level in the past 13 years for HAG.
| Net Profit of HAG over the years |
