U21 LPBank Hoà ng Anh Gia Lai celebrates their victory.
On August 12th, after a goalless 90 minutes, U21 LPBank Hoang Anh Gia Lai emerged victorious over the host team U21 PVF with a 4-2 penalty shootout win to claim the championship title at the 2024 National U21 Tournament.
This triumph adds to the list of recent achievements of the LPBank Hoang Anh Gia Lai team following their rebranding Endeavor 2023.
Recapping the events, in early November 2023, LPBank entered into a comprehensive partnership with the Hoang Anh Gia Lai Football Academy and Football Club. Subsequently, HAGL announced the renaming of the Academy and Club to incorporate the LPBank moniker, thus creating the LPBank – Hoang Anh Gia Lai Football Academy and Club.
According to observers, the investment from LPBank holds promise for HAGL to overcome challenges and thrive in the coming years. Soon after the partnership, on November 30, 2023, Chairman of LPBank, Mr. Thuy, visited the newly affiliated team and presented a bonus of 300 million VND to the players. Additionally, HAGL’s staff received a bonus of 400 million VND.
To date, the new chairman has awarded a total of over 1 billion VND in bonuses to the HAGL football team, just nine months after their union.
It is worth noting that despite his relatively late entry into the world of football, Chairman Thuy quickly rose to prominence, in part due to his high-profile signings of star players, acquisitions from other clubs, and, most notably, his approach to football management, which resembles the glitz and glamour of showbiz.
Chairman Thuy.
Alongside the football team’s success, Hoang Anh Gia Lai Joint Stock Company (HAGL, stock code HAG) has also undergone a transformation in its corporate identity, adopting a new color scheme. The new logo retains the layout of the previous one but features a different color palette, primarily consisting of yellow, earthy brown, and white.
LPBank has also provided a substantial financial backing of 5,000 billion VND to HAGL, prioritizing investment in green agriculture. In the first phase, LPBank will disburse 3,000 billion VND to boost the development of three key agricultural products: bananas, durians, and pig farming. Additionally, LPBank will appoint a representative to HAGL Group’s Board of Directors to offer direct support, consulting, and enhancement of the Company’s management capabilities and operational efficiency.
With the financial backing of LPBank, HAGL Group sets ambitious goals for the new phase: increasing the area dedicated to durian cultivation to 2,000 hectares and banana cultivation to 9,000 hectares in 2024. In 2025, the Group will continue to invest in expanding durian cultivation to 3,000 hectares and over 10,000 hectares for bananas. By 2026, the Group aims to cultivate 25,000 hectares of bananas, durians, and other high-value crops in Vietnam, Laos, and Cambodia.
In parallel, LPBank Securities has successfully acquired 50 million HAG shares, raising its ownership stake to 4.73%. Moreover, individuals associated with LPBank Securities also hold a significant number of HAG shares, including Mr. Le Minh Tam with 28 million shares, Mr. Nguyen Duc Binh with 1.3 million shares, Mrs. Tran Thi Thu Huong with 5.65 million shares, and Ms. Pham Le Thi Hong Hoa with 4.68 million shares.
Combined, LPBank Securities and related individuals now hold 89.63 million HAG shares, representing 8.47% of the charter capital, thus becoming a major shareholder of HAGL.
In addition to LPBank Securities, Thaigroup Corporation and Mr. Le Minh Tam have also successfully purchased 80 million HAG shares. These investors are affiliated with LPBank. In total, HAGL has sold 130 million shares to these strategic investors at a price of 10,000 VND per share, generating proceeds of 1,300 billion VND.
