Hoang Anh Gia Lai (HAG) has recently seen a significant change in ownership as LPBank Securities and affiliated individuals acquired 89.6 million shares, increasing their ownership to 8.47% of the company’s charter capital. The transaction took place on April 25 and was reported to the Ho Chi Minh City Stock Exchange (HoSE).
Following the acquisition, LPBank Securities owns 50 million shares, while individuals related to the company hold the remaining shares, including Mr. Le Minh Tam with 28 million shares, Mr. Nguyen Duc Binh with 1.3 million shares, Ms. Tran Thi Thu Huong with 5.65 million shares, and Ms. Pham Le Thi Hong Hoa with 4.68 million shares. Additionally, the group of shareholders mentioned above sold 52 million shares to Thaigroup Joint Stock Company in a recent private placement, representing 4.92% of the company’s charter capital. The proceeds from this sale will be used by Bau Duc Company to repurchase bonds issued by the company in 2012 and restructure debt for subsidiaries.
In other news, Hoang Anh Gia Lai announced the resignation of two board members and reported a first-quarter after-tax profit of 226 billion VND. However, despite this positive development, the company still holds an accumulated loss of 1,452.4 billion VND, which is equivalent to 15.7% of its current charter capital. On the market, HAG shares have reached over 13,100 VND per share as of May 7 but continue to navigate changes in ownership and financial performance amidst market fluctuations.
The acquisition by LPBank Securities represents a significant shift in ownership at HAG and could have implications for the company’s future direction and performance on the stock market. As investors closely monitor HAG’s progress and any potential changes in ownership or financial status, it will be important to stay informed about developments at this major player in Vietnam’s real estate industry.
In conclusion, LPBank Securities has acquired a significant amount of shares at Hoang Anh Gia Lai (HAG), becoming one of its largest shareholders with an ownership stake of approximately 89
