HQO Macca LLC was established in October 2016, originally named HQO Green Macca Agriculture LLC, specializing in the cultivation of long-term crops, specifically macadamia trees, in Gia Lai Province, Vietnam.
At its inception, the company had a registered capital of VND 4.5 billion, owned by Mr. Nguyen Duc Huong, with Mr. Le Duc Hai (born in 1982) serving as the Director and legal representative.
In August 2018, the company increased its capital to VND 90 billion. By June 2019, it was renamed HQO Macca LLC and further raised its capital to VND 100 billion the following month.
As of January 2021, the company’s registered capital was multiplied by five, reaching VND 500 billion.
In December 2022, the business transitioned to a two-member LLC under the name HQO Macca LLC. Chairman Nguyen Duc Huong holds 50% of the shares, with the remaining 50% owned by Nguyen Hoang Duy (Mr. Huong’s son).
Updated in May 2025, Mr. Nguyen Duc Huong serves as both the owner and CEO, acting as the legal representative. Notably, during this period, the company’s registered capital significantly decreased from VND 500 billion to VND 50 billion.
Mr. Nguyen Duc Huong
Mr. Nguyen Duc Huong (born in 1962, from Phu Tho Province) holds a Master of Business Administration (MBA) from Touro College, New York, USA.
He has extensive experience working at the State Bank of Vietnam and several branches of the Agricultural and Rural Development Bank (Agribank).
In 2007, Mr. Huong joined LienVietPostBank and served as Vice Chairman for 10 years.
In June 2017, he was elected Chairman of the Board of LienVietPostBank, now known as Loc Phat Bank (LPBank, stock code: LPB). He stepped down in early 2018 due to health reasons.
In late 2021, Mr. Huong became a major shareholder and was elected to the Board of Directors of CMH Group (stock code: CMS, listed on HNX).
His son, Nguyen Hoang Duy, also joined the CMH Group’s Board of Directors in April 2022.
As of the end of 2024, Mr. Nguyen Duc Huong held 4.28 million CMS shares, representing 16.8% of CMH Group’s capital. Mr. Nguyen Hoang Duy held only 45,200 CMS shares.
Notably, as of March 29, 2025, both father and son resigned from CMH Group’s Board of Directors and no longer hold any CMS shares.
Additionally, the duo co-founded DQ9 Real Estate JSC in January 2018, operating in the real estate sector, headquartered in Ho Chi Minh City.
At its inception, the company had a registered capital of VND 20 billion, with Mr. Nguyen Duc Huong contributing 85% and serving as Chairman, Mr. Nguyen Hoang Duy contributing 10%, Doan Huu Doan contributing 0.005%, and other shareholders undisclosed.
Just five months later, in June 2018, the company increased its capital to VND 100 billion. By January 2021, the registered capital was multiplied by ten, reaching VND 1,000 billion.
From March 2022, Mr. Nguyen Hoang Duy succeeded his father as Chairman. Notably, in May of the same year, the company’s registered capital was significantly reduced to VND 100 billion.
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