On April 25, LPBank Securities and affiliated individuals acquired 89.6 million shares of Hoang Anh Gia Lai (HAG), increasing their ownership to 8.47% of the company’s charter capital. The transaction was reported to the Ho Chi Minh City Stock Exchange (HoSE).
Following the acquisition, LPBank Securities and related individuals now hold a significant stake in HAG with 89.6 million shares. Of this amount, LPBank Securities owns 50 million shares while individuals related to the company hold the remaining 39.6 million shares. This includes 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.
In addition to this acquisition, LPBank Securities and the group of shareholders sold 52 million shares to Thaigroup Joint Stock Company in a recent private placement, representing approximately 4.92% of HAG’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.
Meanwhile, Hoang Anh Gia Lai announced the resignation of two board members and reported a first-quarter after-tax profit of VND 226 billion ($97 million) as of March 31st, despite still holding an accumulated loss of VND1,452 billion ($607 million), which is equivalent to approximately 15% of its current charter capital as of March 31st
