Hoang Anh Gia Lai Joint Stock Company (HAGL), stock code HAG, has announced insider trading activity. Specifically, the Chairman of the Board of Directors, Mr. Doan Nguyen Duc, has registered to purchase 10 million shares through a negotiated agreement.
Currently, Mr. Duc holds nearly 320 million HAG shares, representing 30.26% of the capital. If the transaction is successful, Mr. Duc is expected to increase his ownership to 31.2% of the capital. The purpose of this transaction is to increase his ownership stake.
The transaction is expected to take place between June 16 and June 30, 2025. Based on the current market price of VND 13,000/share, the total value of Mr. Duc’s new share purchase is expected to reach VND 130 billion.
HAGL recently held its 2025 Annual General Meeting of Shareholders, approving a revenue target of VND 5,514 billion, with fruit sales contributing the largest proportion (76%), followed by pig sales (19%), and the remaining 5% from other goods. After expenses, HAGL expects to earn a net profit of VND 1,114 billion, a 5% increase compared to 2024.
According to the consolidated financial statements for the first quarter of 2025, HAGL recorded a revenue of nearly VND 1,379 billion, an increase of 11.2% compared to the same period last year. After deducting taxes and fees, the company reported a net profit of over VND 360.4 billion, a 59.2% increase compared to the first quarter of 2024.
HAGL also presented to its shareholders a plan to handle the Group B bond debt by issuing convertible bonds. The company plans to issue 210 million shares to all Group B bondholders for partial debt conversion. The maximum expected debt conversion value is VND 2,520 billion.
The proposed issuance price is VND 12,000/share, which is lower than the market price of VND 13,700/share at the close of June 2, but higher than the book value of VND 8,819/share at the end of 2024.
Regarding the proposal to convert and issue 210 million shares, Mr. Duc anticipated a potential dilution effect. However, he assured that he would find ways to mitigate this, such as by purchasing treasury shares. “The conversion will dilute the shares, but I will find ways to address it, for example by buying back shares. For me, this is a real pain—the company’s reputation suffers when we have high debt, and we are ignored when working with large organizations,” said Mr. Duc.
As a major shareholder, Mr. Duc acknowledged the direct impact of dilution on his holdings but expressed support for the debt reduction priority for the year. In addition, HAGL also plans to issue 12 million bonus shares to employees.
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The Billionaire’s Next Move: Bầu Đức Seeks to Acquire 10 Million HAG Shares.
“Mr. Doan Nguyen Duc, affectionately known as ‘Bầu Đức’, and Chairman of the Board of Directors of Hoang Anh Gia Lai Joint Stock Company (HAGL), has signaled his intent to purchase 10 million HAG shares via a negotiated deal. This substantial purchase is slated to occur between June 16 and June 30, 2025, and has the market abuzz with anticipation.”
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