Daughter of Vietnam agribusiness HAGL’s chairman registers to buy more company shares 

By Lan Do
Thu, December 19, 2024 | 9:38 pm GMT+7

Doan Hoang Anh, daughter of HAGL chairman Doan Nguyen Duc, has registered to purchase 1 million HAGL shares amid a 20% increase in the stock’s value over the past three months.

Hoang Anh Gia Lai JSC (HAG) released the information in a disclosure to the State Securities Commission and the Ho Chi Minh Stock Exchange (HoSE) on Wednesday.

HAGL chairman Doan Nguyen Duc. Photo courtesy of Nguoi Lao Dong (Labor) newspaper.

HAGL chairman Doan Nguyen Duc. Photo courtesy of Nguoi Lao Dong (Labor) newspaper.

According to the filing, Doan Hoang Anh, daughter of Hoang Anh Gia Lai’s chairman Doan Nguyen Duc, plans to acquire the shares through order matching on the exchange between December 23, 2024 and January 21, 2025. The purpose of the transaction is to increase her ownership stake in the company.

Currently, Anh holds 13 million HAGL shares, equivalent to 1.23% ownership. Following the transaction, her stake is expected to rise to 14 million shares, or 1.32%.

At the close of trading on Thursday, HAGL shares were priced at VND12,350 ($0.49) per each. At this rate, Hoang Anh would need to spend approximately VND12.4 billion ($487,086) to complete the transaction.

HAG has reported a series of positive developments over the past three months, including profitability milestones. The company successfully met its goals of planting 2,000 hectares of durian, 7,000 hectares of bananas, and establishing a cluster of pig farms with a capacity of 500,000 pigs.

HAGL’s financial performance has also been strong over the past three years. The company reported a profit after tax of VND1,124 billion ($44.2 million) in 2022 and a record VND1,800 billion ($70.7 million) in 2023.

For the first nine months of 2024, HAGL recorded revenue exceeding VND4,000 billion ($157.1 million) and a profit after tax of VND831 billion ($32.6 million), a 20% increase compared to the same period last year.

Comments (0)
  • Read More
AI to reshape Malaysia’s economic landscape: expert

AI to reshape Malaysia’s economic landscape: expert

Artificial intelligence (AI) is set to significantly reshape Malaysia’s economic landscape, presenting not only challenges but also groundbreaking opportunities for growth, job creation, and innovation, according to an expert.

Southeast Asia - Sun, April 27, 2025 | 5:35 pm GMT+7

Vietnam's retail giant Mobile World to keep growing even if market stagnates: chairman

Vietnam's retail giant Mobile World to keep growing even if market stagnates: chairman

Mobile World Investment Corporation (MWG), a leading retailer in Vietnam, will continue to grow even if the market stagnates or retreats, said chairman Nguyen Duc Tai.

Companies - Sun, April 27, 2025 | 5:24 pm GMT+7

Thailand plans to inject $15 bln into economy

Thailand plans to inject $15 bln into economy

Thailand's Ministry of Finance aims to inject over THB500 billion ($15 billion) into the economy to boost the country's GDP growth by over 1.8%, focusing on stimulating consumption, investment, and providing soft loans.

Southeast Asia - Sun, April 27, 2025 | 1:54 pm GMT+7

New southern Vietnam plant to bring 'sustainable, long-term benefits' to Nam Kim Steel: chairman

New southern Vietnam plant to bring 'sustainable, long-term benefits' to Nam Kim Steel: chairman

Vietnamese steel major Nam Kim's 1 million-ton Phu My plant in the southern province of Ba Ria-Vung Tau is expected to create sustainable and long-term benefits for the company, said CEO Vo Hoang Vu.

Companies - Sun, April 27, 2025 | 1:42 pm GMT+7

Techcombank eyes market cap of $20 bln by end-2025: chairman

Techcombank eyes market cap of $20 bln by end-2025: chairman

Techcombank, one of Vietnam’s major private lenders, aims to expand its market capitalization to $20 billion by the end of 2025, said chairman Ho Hung Anh.

Banking - Sun, April 27, 2025 | 10:40 am GMT+7

Vietnam’s private lender Sacombank to trim payroll, acquire securities broker

Vietnam’s private lender Sacombank to trim payroll, acquire securities broker

Sacombank, a mid-sized private lender in Vietnam, plans to downsize its headcount in 2025-2026 as part of its push toward digital transactions.

Banking - Sun, April 27, 2025 | 10:18 am GMT+7

Vietnam property giant Nam Long eyes 35% profit hike for 2025 on strong housing demand

Vietnam property giant Nam Long eyes 35% profit hike for 2025 on strong housing demand

Nam Long Investment Corporation, a major real estate developer in southern Vietnam, aims to achieve a net profit of VND701 billion ($27 million) in 2025, up 35% year-on-year, driven by strong local housing demand.

Companies - Sun, April 27, 2025 | 8:17 am GMT+7

SK may adjust ownership at Vietnam-based pharmacy major Imexpharm

SK may adjust ownership at Vietnam-based pharmacy major Imexpharm

South Korean chaebol SK Group may adjust its stake at Vietnam-based pharmaceutical company Imexpharm as part of a comprehensive portfolio review across the group, including all of SK’s global assets.

Companies - Sat, April 26, 2025 | 7:00 pm GMT+7

Vietnam's PVOIL owns 423 petrol stations with EV chargers following partnership with VinFast

Vietnam's PVOIL owns 423 petrol stations with EV chargers following partnership with VinFast

PVOIL, a subsidiary of state-owned giant Petrovietnam, had 423 petrol stations with electric vehicle (EV) chargers nationwide as of March 2025, through its partnership with EV maker VinFast.

Companies - Sat, April 26, 2025 | 2:53 pm GMT+7

Indonesia expects 5% economic growth despite IMF forecast revision

Indonesia expects 5% economic growth despite IMF forecast revision

Indonesian Finance Minister Sri Mulyani Indrawati has expressed confidence that the country’s economy will grow by up to 5% in 2025, despite the International Monetary Fund (IMF) having revised down the national growth forecast to 4.7%.

Southeast Asia - Sat, April 26, 2025 | 10:58 am GMT+7

Vietnam's dairy giant Vinamilk to be safe and sound amid US tariff storm: CEO

Vietnam's dairy giant Vinamilk to be safe and sound amid US tariff storm: CEO

Vietnam’s largest dairy maker Vinamilk will not be significantly affected by U.S. reciprocal tariffs and global trade competition as its largest share lies in the domestic market, said CEO Mai Kieu Lien.

Companies - Sat, April 26, 2025 | 10:51 am GMT+7

Vietnam's EV startup VinFast posts 192% surge in 2024 deliveries, eyes double figure in 2025

Vietnam's EV startup VinFast posts 192% surge in 2024 deliveries, eyes double figure in 2025

Vietnamese electric vehicle (EV) manufacturer VinFast recorded robust revenue growth in its unaudited Q4 and 2024 financial statements, driven by strong vehicle deliveries despite global market uncertainties.

Companies - Sat, April 26, 2025 | 8:28 am GMT+7

Vietnam’s first rice husk-fueled biomass power plant inaugurated

Vietnam’s first rice husk-fueled biomass power plant inaugurated

A biomass power plant using rice husk and woodchips as fuel was inaugurated on Friday in Vietnam's Mekong Delta province of Hau Giang.

Southeast Asia - Fri, April 25, 2025 | 11:13 pm GMT+7

Bestway International launches $300 mln plant in southern Vietnam

Bestway International launches $300 mln plant in southern Vietnam

Chinese group Bestway International has launched a $300 million investment project in Vietnam's southern city of Can Tho, signaling a significant boost in large-scale foreign investment for the Mekong Delta region.

Southeast Asia - Fri, April 25, 2025 | 11:10 pm GMT+7

Indonesia accelerates tariff talks with US

Indonesia accelerates tariff talks with US

Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto has met with U.S. Secretary of the Treasury Scott Bessent to promote tariff talks with the U.S.

Southeast Asia - Fri, April 25, 2025 | 11:06 pm GMT+7

Swedish giant Syre strikes deal for $1 bln circular textile project in central Vietnam

Swedish giant Syre strikes deal for $1 bln circular textile project in central Vietnam

Binh Dinh province and Sweden’s leading textile manufacturer Syre on Friday signed an MoU for a $1 billion polyester fabric recycling complex which aims to position Vietnam as the world’s first high-tech, circular textile hub.

Industries - Fri, April 25, 2025 | 10:53 pm GMT+7