Doan Hoang Nam, son of Hoang Anh Gia Lai Joint Stock Company (HAGL) chairman Doan Nguyen Duc (Bau Duc), registered on 12/8 to purchase 27 million HAG shares. Nam currently does not own any shares in the company. If the transaction is completed, he will own 2.55% of the company's charter capital.

At the close of the trading session on 12/8, each HAG share was priced at 16,200 VND. At this price, Nam would need to spend approximately 437 billion VND to acquire the desired number of shares. The transaction is expected to take place from 15/8 to 13/9, through agreement or order matching methods.

Bau Duc currently holds 330 million HAG shares, equivalent to 31.2% of the capital, valued at over 5,300 billion VND. Duc has three children, including his eldest daughter Doan Hoang Anh who owns 13 million shares, accounting for 1.23% of the capital.

According to the second quarter financial report, HAGL recorded net revenue of 2,329 billion VND and a profit after tax of 510 billion VND. This represents an increase of over 50% and 88% respectively compared to the same period last year.

For the first 6 months, HAGL achieved revenue of 3,709 billion VND and a profit of 870 billion VND, an increase of 34% and 74% respectively. As a result, as of 30/6, the company has emerged from accumulated losses for the first time in 4.5 years, with 400 billion VND in undistributed profits.

Bau Duc stated that durian revenue will be recorded in the second half of the year, expected to drive significant growth, and the company is considering raising its profit target to 1,500 billion VND. HAGL plans to invest in planting 2,000 hectares of coffee and tea and 2,000 hectares of mulberries from July to diversify products, increase supply chain value, and ensure sustainable growth.

Thi Ha