Doan Hoang Nam, Chairman of the Board of Directors of Hoang Anh Gia Lai Joint Stock Company (stock code: HAG), has registered to purchase an additional 25 million HAG shares from August 28 to September 12, increasing his ownership to 4.92% of the capital, equivalent to 52 million HAG shares.
Prior to this, on August 22, Mr. Nam became a shareholder of Hoang Anh Gia Lai for the first time, reporting a successful purchase of 27 million HAG shares through a matched bargain, holding 2.55% of the charter capital. The transaction value was approximately VND 426 billion.
During the same period, Bau Duc sold 25 million HAG shares, earning nearly VND 381 billion and reducing his ownership to 28.84% of Hoang Anh Gia Lai’s charter capital, but remaining the largest shareholder. It is likely that the transferred shares were part of the purchase transactions made by his son.
Notably, August 22 was also the date when the Ho Chi Minh City Stock Exchange (HoSE) announced the removal of HAG shares from the warning list starting August 26, after nearly 3 years of supervision due to post-tax loss in 2021. The elimination of cumulative loss helped HAG shares escape the warning status.
Bau Duc’s family currently holds approximately 32.62% of HAG’s charter capital.
At present, Bau Duc’s family holds approximately 32.62% of HAG’s charter capital. Besides Doan Hoang Nam, his sister, Doan Hoang Anh, owns 13 million HAG shares (equivalent to 1.23% of charter capital), while his other son, Doan Hoang Nam Anh, does not hold any shares. Bau Duc’s children reside and study in Singapore and have not appeared in the media.
In the first half of this year, Hoang Anh Gia Lai Joint Stock Company reported a net profit of nearly VND 834 billion after auditing, an increase of 74% compared to the same period last year, ending the cumulative loss and recording a cumulative profit of nearly VND 400 billion as of June 30.
HAG’s revenue increased by 34% to VND 3,707 billion, mainly driven by banana business operations. By the end of the second quarter, HAG had achieved 58% of its annual profit target, which is expected to be adjusted upwards to VND 1,500 billion.
However, in the audited semi-annual 2025 financial statements of HAG, Ernst & Young Vietnam Auditing Company noted that short-term debt exceeded short-term assets by more than VND 2,767 billion. This indicates a sign of risk regarding the company’s ability to continue operating. HAG has also violated some bond commitments and has not paid the principal and interest of overdue bonds.
In explanation, HAG stated that the cash flow in the next 12 months is expected to come from the liquidation of a part of financial investments, recovery of loans to partners, as well as proceeds from private bond issuance, bank credit, and debt restructuring plan.
Hoang Anh Gia Lai Joint Stock Company is working with lenders to adjust the terms of violation and obtain shareholder approval for the plan to convert part of the debt into equity.
A Stock Soars to 10-Year Highs After Shedding its Warning Label
With its accumulated losses now a thing of the past, this stock has successfully been removed from the warning list of the Ho Chi Minh Stock Exchange.
The Son of Vietnamese Tycoon ‘Bầu Đức’ Seeks to Invest an Additional 400 Billion VND in HAG Shares, Even Before His Previous Purchase Has Cleared.
“Doan Hoang Nam has just announced his intention to purchase an additional 25 million shares of Hoang Anh Gia Lai, bringing his ownership stake in the company to 4.92%. This significant acquisition underscores Mr. Nam’s confidence in the company’s prospects and his commitment to its long-term growth.”
The Golden Boy’s Successful Venture: A Tale of 27 Million HAG Shares
Mr. Doan Hoang Nam, the son of HAGL’s Chairman, Doan Nguyen Duc, has just successfully purchased 27 million HAG shares through a private agreement. This acquisition gives Nam a significant 2.55% stake in the company’s charter capital.
The Thrilling Saga of “Bầu” Đức and Hoàng Anh Gia Lai: Unveiling the Latest Sensational Updates
“Vietnamese business tycoon, known as ‘Bầu Đức’, and his son have finalized a substantial stock transaction involving HAG shares, valued at approximately 400 billion VND. This significant deal underscores the dynamic nature of Vietnam’s evolving business landscape, where influential families continue to shape the country’s economic trajectory.”
Doubts on Operational Continuity: Hoang Anh Gia Lai (HAG) Addresses Asset Sale and Debt Swap Plans
As of June 30, 2025, HAGL’s short-term debt exceeded its short-term assets by a staggering amount of over VND 2.7 trillion. With short-term assets totaling VND 10,948 billion and short-term debt amounting to VND 13,715 billion, the company finds itself in a challenging financial position.
