Mr Doan Nguyen Duc (Mr Duc), Chairman of the Board of HAGL, has signed the resolution of the Board of Directors approving the list of investors who have paid for privately offered shares.
Accordingly, three investors, including Thaigroup, LPBank Securities Company and individual investor Le Minh Tam, have purchased 52 million shares, 50 million shares and 28 million shares, respectively. These investors are all related to Lien Viet Post Bank (LPBank).
In total, HAGL has successfully sold 130 million private shares with an offering price of VND10,000 per share, raising VND1,300 billion.
After the private share offering, HAGL also approved the amendment of the company’s charter, increasing the company’s charter capital from nearly VND9,275 billion to nearly VND10,575 billion.
Mr Duc visits a banana packaging facility in Gia Lai
Earlier, in early March, HAGL and LPBank had signed a VND5,000 billion financing contract.
In phase 1, LPBank will disburse VND3,000 billion for HAGL to invest in new plantings, care and development of three key products: bananas, durian and pig farming. At the same time, LPBank will send a representative to join the HAGL BoD to directly support, consult, and improve the company’s management capacity and operating efficiency.
With the financial support of LPBank, HAGL has set the following development targets for the new phase: increasing the durian area to 2,000 ha and the banana area to 9,000 ha in 2024. In 2025, HAGL will continue to invest to increase the durian area by 3,000 ha and the banana area by over 10,000 ha. By 2026, the total area for banana, durian and other cash crops is expected to reach 25,000 ha in Vietnam, Laos and Cambodia.
Earlier, at the end of 2023, LPBank also became the new sponsor of the HAGL football team and the HAGL football academy.
