Ms. Doan Hoang Anh, daughter of Mr. Doan Nguyen Duc (known as “Bau Duc”), Chairman of Hoang Anh Gia Lai Joint Stock Company (stock code: HAG), has registered to purchase 4 million HAG shares. The transaction is expected to take place between April 14 and May 13 through matching orders on the stock exchange.
If the transaction is successful, Ms. Hoang Anh will increase her holdings of HAG shares from 14 million to 18 million, raising her ownership stake from 1.32% to 1.7%.
HAG shares have declined along with the broader market following news of potential US tariffs. At the close of trading on April 8, HAG shares fell to a floor price of 10,250 VND per share, a nearly 15% decrease since the beginning of the year. Based on this price, Ms. Hoang Anh is expected to spend approximately 41 billion VND on this purchase.
Chairman Doan Nguyen Duc has also recently sent a letter to the company’s shareholders. In his letter, Mr. Duc addressed concerns regarding US President Donald Trump’s announcement of potential retaliatory tariffs on goods from several countries, including Vietnam.
The head of HAGL reassured that the tax policy mentioned by President Trump does not impact the company’s main production and export activities. Specifically, the company’s banana exports are primarily directed towards China, South Korea, and Japan, with no goods being exported to the US market.
For exports to South Korea and Japan, prices are fixed annually. As for exports to China, prices are set weekly, and this week’s export price was agreed upon at over 12 USD per crate, a 10% increase from the previous week. This indicates that the US tariff policy has not affected HAGL’s export prices.
Additionally, the continuous appreciation of the USD has had a positive impact on export revenues, as the company’s input costs are mainly in VND.
Mr. Duc, also known as “Bau Duc,” stated that he is closely monitoring international policy developments and will proactively adjust the company’s business strategy if necessary to protect the interests of the company and its shareholders.
Meanwhile, the company’s production and export activities remain stable and on track. HAGL assures that the information disclosed is transparent and commits to providing timely updates to shareholders should any significant changes occur.
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