On August 12, Doan Hoang Nam, son of Doan Nguyen Duc, Chairman of Hoang Anh Gia Lai Joint Stock Company, announced a transaction related to HAG shares.
Specifically, Doan Hoang Nam currently does not own any shares in Hoang Anh Gia Lai and has registered to purchase 27 million HAG shares. If the transaction is successful, Doan Hoang Nam will own 2.55% of the capital in Hoang Anh Gia Lai.
At the close of the trading session on August 12, HAG shares were priced at VND 16,200 per share. Based on this price, the amount of money Doan Hoang Nam needs to spend is VND 437 billion.
The transaction is expected to be executed through matched orders or put-through transactions on the exchange, during the period from August 15 to September 13.
It is known that Chairman Doan Nguyen Duc currently owns 330 million HAG shares, equivalent to a rate of 31.2%, valued at approximately VND 5,346 billion.
Doan Nguyen Duc has three children, including a daughter, Doan Hoang Anh, and two sons, Doan Hoang Nam and Doan Hoang Nam Anh. The eldest child, Doan Hoang Anh, currently owns 13 million HAG shares, representing a 1.23% stake.
All three of Doan Nguyen Duc’s children were sent by him to study and live in Singapore from a very young age and have never been exposed to the media.
Meanwhile, Doan Nguyen Duc’s wife, Hoang Thi Ngoc Bich, has made a rare public appearance through a photo posted by former Thai football star Kiatisuk. Through his sharing, Mr. Duc expressed his gratitude for his wife’s unwavering support, which has enabled him to focus on his work and achieve success.
“I’m always busy with work and traveling, and I’m lucky if I get to spend three days a month with my family in Singapore. My wife takes care of everything at home and looks after the children. I have to say that, even now, I am very happy and fortunate when it comes to my family life,” he said.
Minh Quan
A Tale of Contrasting Fortunes: The Intriguing Story of “Bầu” Đức and His Son
“Amidst a flurry of trading activity, Doan Nguyen Duc, Chairman of Hoang Anh Gia Lai Joint Stock Company, registered to sell 25 million HAG shares. In a fascinating turn of events, his son, Doan Hoang Nam, stepped in and registered to purchase 27 million shares through either matched orders or negotiated deals. This intriguing development has sparked interest among investors and market observers alike.”
Has Duc Sold 25 Million HAG Shares to His Son?
“Doan Nguyen Duc, commonly known as ‘Bầu Đức’, has set his sights on offloading 25 million shares, while his son, Doan Hoang Nam, has registered to purchase 27 million HAG shares. This intriguing move has sparked interest among investors, who are now keenly observing the father-son duo’s strategies and their potential impact on the market.”
“A Billion-Dollar Deal: The Astonishing Transaction Between Two Vietnamese Business Giants”
As of December 30, 2024, HAGL had repaid a total of VND 1,030 billion in principal on the bond issuance to BIDV.
What is the Extent of Duc Bau’s Daughter’s Ownership in HAG Shares?
“Ms. Doan Hoang Anh, daughter of Doan Nguyen Duc (Bầu Đức), Chairman of the Board of Directors of Hoang Anh Gia Lai Joint Stock Company (HAGL), has just announced the completion of the purchase of 2 million HAG shares.”
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.
