On April 25, LPBank Securities and related 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 affiliated individuals now hold 89.6 million HAG shares, making them a significant group of shareholders at Hoang Anh Gia Lai. 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.
In addition to this acquisition, LPBank Securities and 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.
Hoang Anh Gia Lai recently announced the resignation of two board members and reported a first-quarter after-tax profit of 226 billion VND. The company still holds an accumulated loss of 1,452.4 billion VND, which is equivalent to