Hoa Phat Agricultural Development Joint Stock Company (HPA) has submitted a report to the State Securities Commission (SSC) detailing the results of its public share offering.
By the end of the offering period on January 6, 2026, Hoa Phat Agriculture successfully allocated 30 million shares to 809 investors at a price of VND 41,900 per share. The shares are expected to be transferred in January and February 2026.
Previously, by the registration deadline on December 15, 2025, Hoa Phat Agriculture recorded a total subscription volume of 35.7 million shares, exceeding the offered amount by 19%.
Due to oversubscription, HPA implemented a pro-rata allocation ratio of 83.941912% to ensure fairness among all investors.
Source: Hoa Phat Agriculture
By the payment deadline on January 5, 2026, 36,665 shares registered by investors remained unpaid, and 673 odd shares arose due to rounding.
According to Resolution No. 01/2026/QD-HDQT of the Board of Directors, the entire surplus of 37,338 shares was reallocated to Vietcap Securities JSC (Stock Code: VCI) at the same price of VND 41,900 per share.
Upon completing the IPO, Hoa Phat Agriculture raised VND 1,257 billion, with a net income of nearly VND 1,207 billion after deducting expenses. The company also increased its charter capital from VND 2,550 billion to VND 2,850 billion.
Following this issuance, Hoa Phat Group JSC (Stock Code: HPG, HoSE) remains the controlling shareholder of Hoa Phat Agriculture, holding over 242.2 million shares, equivalent to an 84.999% ownership stake.
Recently, the SSC announced the receipt of Hoa Phat Agriculture’s report on its initial public offering results.
The SSC instructed the company to coordinate with the Vietnam Securities Depository and the Ho Chi Minh City Stock Exchange (HoSE) to complete registration, depository, and listing procedures as required.
Established in 2016, Hoa Phat Agriculture specializes in animal feed production, pig, cattle, and poultry farming.
Its flagship products include HP Feed and BigBoss animal feed, breeding and commercial pigs, Australian beef cattle, and clean eggs. The company operates a closed-loop value chain model from feed production to farm, headquartered in Pho Noi A Industrial Park, Nguyen Van Linh Commune, Hung Yen Province.
In terms of market share, Hoa Phat Agriculture ranks among Vietnam’s top 10 pig farming enterprises, top 13 animal feed producers, and leads in clean egg production in the North, as well as whole Australian beef cattle.
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