In a recent filing disclosing the trading activities of insiders, Ms. Doan Hoang Anh stated that she had purchased 2 million HAG shares through matched orders on the exchange from September 10 to September 18. During this period, HAG shares fluctuated around VND 10,500 per share, so it is estimated that Mr. Duc’s daughter spent about VND 21 billion to complete this transaction.
After the transaction, Mr. Duc’s daughter increased her HAG shareholding from 11 million shares to 13 million shares, equivalent to an increase in ownership ratio from 1.04% to 1.23%. This is the largest holding of HAG shares by Ms. Doan Hoang Anh to date.
However, Ms. Hoang Anh currently does not hold any executive position in the company.
Mr. Duc currently holds over 30% of HAG shares
Ms. Doan Hoang Anh is known as the eldest daughter of Mr. Duc, and the company was named after her. Ms. Hoang Anh first appeared as a shareholder of HAGL in August 2021 when she purchased 4 million HAG shares, and she has since repeatedly registered to buy and sell shares, mostly buying, in million-share lots.
As for Mr. Duc, he currently holds 319,950,533 HAG shares, representing a 30.26% stake in the company.
In related news, on August 30, the Ho Chi Minh City Stock Exchange announced that it would maintain the warning status for HAG shares. This decision was made due to the company’s negative undistributed post-tax profit of VND 957.01 billion as of June 30.
“The Benefits of Being a Billionaire: A Look at Ba Duc’s Luxurious Life with $200,000/month Income from Hoang Anh Gia Lai and His Massive $90 Million HAG Shares Pledge to LPBank”
“The pig and banana business is still raking in big bucks in 2024,” HAGL’s statement reads.
The Penultimate Proposal: Unveiling the Ministry of Finance’s New Suggestions for Service Pricing in the Securities Sector
The Ministry of Finance is seeking feedback on the draft circular guiding service prices in the securities sector applied at the Vietnam Stock Exchange and its subsidiaries, and the Vietnam Securities Depository and Clearing Corporation.
The Future of HAGL: Overcoming Adversity and Forging Ahead.
The short-term debt exceeding short-term assets, coupled with an accumulated loss of over VND 957 billion, poses a significant “uncertainty factor” that may hinder HAGL’s ability to continue operating, according to the auditing firm.
Why Are All Audit Firms in Vietnam Afraid of This Company?
This business is actively seeking to engage reputable auditing firms to perform the audited financial statements for 2023 and the reviewed interim financial statements for the first half of 2024.
