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Mr. Nguyen Chi Thang – HAGL Board Member
Mr. Thang (born 1975) worked at HAGL Private Enterprise from March 1994 to 2007 as a KCS staff. He then held the position of Deputy Director of the Wood Processing Factory of Hoang Anh Quang Minh Agro-Industrial Rubber Joint Stock Company from 2008 to 2012. From 2013 to 2020, he was promoted from Import-Export Department Head to Deputy Director and then Director of Hoang Anh Attapeu Agricultural Development Company Limited. Since 2021, he has been the Director of Khahn Xay Agricultural Development One Member Limited Liability Company. |
A day before Mr. Thang (May 06), Mr. Le Hong Phong (born 1980) also resigned from his position as HAG Supervisory Board Member due to personal reasons. Mr. Phong was the Deputy Head of HAG Internal Audit Department from 2011 to 2016, then Chairman of the Supervisory Board of Hoang Anh Gia Lai International Agriculture Joint Stock Company (HOSE: HNG) from 2015 to 2017; and from 2016 to 2019, he was the General Director of Indochina Rubber Development Investment Company Limited.
The Board of Directors will present and seek approval at the 2024 Annual General Meeting of Shareholders to be held on May 10, 2024, for the dismissal of the above two individuals.
The moves by Mr. Thang and Mr. Phong come after HAG welcomed a new major shareholder related to LPBank Securities Joint Stock Company (LPBS). Specifically, this securities company purchased 50 million shares in HAG’s private offering of 130 million shares, thereby increasing its ownership to 4.73%. After the transaction, the group of related shareholders, along with LPBS, owns 89.6 million HAG shares, equivalent to 8.47%, thereby becoming a major shareholder of HAG. Within the related shareholder group, Mr. Le Minh Tam – Chairman of LPBS also purchased 28 million HAG shares in the aforementioned private offering, thereby increasing his ownership to 2.65%.
LPBank Securities-related group becomes a major shareholder of HAG
