Quỹ Việt Cát Misses Two Appointments with Hoàng Anh Gia Lai
Hoàng Anh Gia Lai has announced the list of expected securities investors slated for sale, based on the resolution of the board of directors on April 22, 2022. The number of shares expected to be distributed to Viet Cat Fund is 47,619,047 shares.
On February 17, 2023, the company received document number 291/UBCK-QLCB from UBCKNN approving the registration dossier for private placement of HAG shares.
However, at that time, due to the stock price movement of HAG not matching the expected offering price, the sale could not be completed within the stipulated time.
Subsequently, in order to implement the resolution of the General Meeting of Shareholders on September 26, 2023, the company’s board of directors issued a resolution on November 22, 2023, regarding the list of self-registered investors to purchase private placement shares. In this list, there was information about the distribution of 60 million shares to Viet Cat Fund. However, Hoàng Anh Gia Lai stated that this was just a mistake as they did not receive any rejection of the purchase registration from Viet Cat Fund. There was also an error in the information exchange process between the parties.
Immediately after that, the board of directors quickly issued a resolution to cancel and update the list of expected investors for private placement of shares, and Viet Cat Fund is no longer included in the list of expected investors for private placement of Hoàng Anh Gia Lai shares.
Hoàng Anh Gia Lai Group
Back in November 2023, Hoàng Anh Gia Lai announced the list of expected investors for the private placement of VND 1.3 trillion of shares at a price of VND 10,000 per share, including:
– Vietnam Asset Management JSC registered to purchase 60 million shares, equivalent to 5.67% ownership after the sale of HAG;
– LPBank Securities Company planned to purchase 50 million shares, equivalent to 4.73% ownership;
– Mr. Nguyễn Đức Quân Tùng planned to purchase 20 million shares, equivalent to 1.89% of HAG’s charter capital.
However, just 2 days later, HAGL announced the cancellation to update the list of expected investors for private placement that was published on November 23 with the reason that the list had errors due to negligence in the information exchange process and needed to be amended.
Thaigroup Replaces Viet Cat Fund as Investor in Hoàng Anh Gia Lai Shares, Marking a Comprehensive Cooperation between Bầu Đức and Bầu Thụy
By the end of November 2023, Thaigroup replaced Viet Cat Fund in the list of investors for the purchase of 130 million HAG shares in the private placement. ThaiGroup Corporation, formerly known as Xuân Thành Group, specializes in the fields of construction, cement production, etc., and was established in 1976 with its headquarters in Đông Thành Ward, Ninh Bình City, Ninh Bình Province.
Signing ceremony for comprehensive cooperation between HAGL and LPBank
Without the participation of Viet Cat Fund, TPBank, Hoàng Anh Gia Lai progressed to another comprehensive cooperation with LPBank.
Firstly, a comprehensive cooperation agreement between LPBank and HAG was signed on October 23, 2023. Although the specific details were not disclosed, based on the speeches of Chairman Đoàn Nguyên Đức and CEO Hồ Nam Tiến at the signing ceremony, it can be seen that LPBank will provide capital to HAG for investment in the agricultural sector such as farming and livestock.
More than a week later, on November 2, LPBank continued its comprehensive cooperation with the HAGL Football Academy and Club. As a result, the HAGL Football Academy and Club were renamed LPBank Football Academy – Hoàng Anh Gia Lai and LPBank Football Club – Hoàng Anh Gia Lai.
After that, HAG Chairman Đoàn Nguyên Đức personally welcomed the LPBank leadership to visit HAG’s investment projects in Vietnam, Laos, and Cambodia in mid-November 2023. The delegation visited HAG’s banana-fed pig farms, banana and durian plantation areas.
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