Ms. Doan Hoang Anh, daughter of Mr. Doan Nguyen Duc – Chairman of Hoang Anh Gia Lai Joint Stock Company (HAGL), has reported the sale of 1 million HAG shares through order matching from June 9-13, 2025.
Following this transaction, Ms. Hoang Anh’s ownership in HAGL decreased from 14 million shares to 13 million shares, reducing her stake from 1.32% to 1.23%.
Previously, between April 14 and May 13, 2025, Ms. Hoang Anh did not purchase any shares of the 4 million HAG shares she had registered, citing personal financial constraints.
From June 9-13, HAG shares mostly traded at VND 12,800 per share, thus, Mr. Duc’s daughter earned approximately VND 12.8 billion from this transaction.
Mr. Doan Nguyen Duc, Chairman of HAGL
On the other hand, Chairman Doan Nguyen Duc registered to purchase 10 million HAG shares through a negotiated deal to increase his ownership in the company. The transaction is expected to take place between June 16 and June 30, 2025.
If this transaction is completed, Mr. Duc’s ownership will increase from 320 million shares, or 30.26% of the charter capital, to 330 million shares, or 31.2%.
HAGL recently held its 2025 Annual General Meeting of Shareholders on June 6. At the meeting, Mr. Duc mentioned that the lack of capital hindered the company’s plans to expand banana plantation area and rebuild its pig herd.
However, a turning point came in 2025 when HAGL negotiated with credit institutions and secured funding. Along with retained earnings, the company plans to invest in two major programs: sericulture and Arabica coffee farming.
Sericulture is a model that HAGL quietly piloted in 2024. According to Mr. Duc, the returns from sericulture surpass those of previous models implemented by the company. In 2025, HAGL intends to invest in 2,000 hectares of mulberry farms to supply export-oriented silk factories.
In parallel, HAGL will also cultivate 2,000 hectares of Arabica coffee, a variety that currently fetches an export price of approximately USD 9,000 per ton, nearly double that of regular coffee.
The General Meeting also approved the proposal to settle Bond Group B obligations by issuing 210 million shares in exchange. The maximum expected value of the debt swap is VND 2,520 billion.
The proposed issuance price is VND 12,000 per share, and the issued shares will be restricted from transfer for one year from the end of the issuance. The timeline for this proposal is set for 2025, pending approval from the State Securities Commission.
According to the consolidated financial statements for Q1 2025, Hoang Anh Gia Lai recorded a gross revenue of nearly VND 1,379.8 billion, an increase of 11.2% compared to the same period last year.
After deducting the cost of goods sold, gross profit increased by 13.3% to nearly VND 564.5 billion, mainly due to increased gross profit from banana business operations.
After accounting for taxes and fees, the company reported a net profit of over VND 360.4 billion, a 59.2% surge compared to Q1 2024.
As of March 31, 2025, Hoang Anh Gia Lai’s total assets slightly increased by 5.4% from the end of 2024 to over VND 23,478.5 billion. Long-term work-in-progress assets accounted for VND 5,239.9 billion, or 22.3% of total assets.
On the liability side, total liabilities stood at over VND 13,735.2 billion, a 6% increase over the quarter. Short-term and long-term loans totaled nearly VND 7,504 billion.
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As of the current market price of VND 13,000 per share, Mr. Duc’s newly purchased shares are valued at a whopping VND 130 billion.
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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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