As per the resolution approved by the Board of Directors, Hoang Anh Gia Lai successfully distributed 210 million common shares to a group of creditors, equivalent to the conversion of a debt totaling 2.52 trillion VND. The conversion value was set at 12,000 VND per share.
This price is lower than the market price of HAG shares currently trading on the stock exchange, which has been fluctuating around 15,000-16,000 VND per share in recent sessions.
The list of creditors participating in this debt conversion includes one organization, Huong Viet Investment Consulting Joint Stock Company, and five individual investors: Ms. Nguyen Thi Dao, Mr. Phan Cong Danh, Mr. Nguyen Anh Thao, Mr. Ho Phuc Truong, and Mr. Nguyen Duc Trung.
Upon completion of the transaction, this group of investors will hold a total of 16.65% of Hoang Anh Gia Lai’s charter capital. According to the issuance regulations, all 210 million shares will be restricted from transfer for one year, starting from September 25, 2025.
The debt-to-equity conversion takes place as Hoang Anh Gia Lai faces significant loan pressure. The consolidated financial report shows that as of June 30, 2025, the company’s total liabilities were 15.63 trillion VND, 1.5 times higher than its equity.
Within the debt structure, financial loans account for 9.32 trillion VND. The interest expense for the first six months of 2025 was 360 billion VND, averaging about 2 billion VND per day. This transaction is expected to help the company reduce its financial burden and improve its balance sheet health.
In terms of business performance, in the first six months of 2025, HAGL recorded net revenue of 3.707 trillion VND, a 34% increase compared to the same period last year. After-tax profit reached 880 billion VND, up 76%. The fruit segment remained the main driver with 3.005 trillion VND, a 47% increase, while the pig farming segment saw a sharp decline of 78%, down to 134 billion VND.
These positive results have helped the company eliminate all accumulated losses. Chairman of the Board, Mr. Doan Nguyen Duc, stated that from the second half of this year, revenue from durian will begin to be recognized, forming the basis for the company to pursue a target after-tax profit of 1.5 trillion VND for the entire year 2025.
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Hoàng Anh Gia Lai successfully swapped 210 million HAG shares with Huong Viet Investment Consulting Joint Stock Company and five individual investors: Ms. Nguyen Thi Dao, Mr. Phan Cong Danh, Mr. Nguyen Anh Thao, Mr. Ho Phuc Truong, and Mr. Nguyen Duc Trung. This swap corresponds to the conversion of a debt totaling over 2.5 trillion VND.
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