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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

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  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
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28.9 C
Ho Chi Minh City
Friday, July 11, 2025

Hoang Anh Gia Lai to issue nearly 162 million shares

The Saigon Times

Must read

HCMC – Hoang Anh Gia Lai Joint Stock Company (HAG) has approved a plan to issue nearly 162 million shares to increase its working capital and pay for its bonds that fall due.

The shares will be sold at VND10,500 each and untradable for one year. Nearly VND1.7 trillion is expected to be mobilized from professional stock investors.

Of the total, VND1.2 trillion will be offered as loans to Hung Thang Loi Gia Lai Co., Ltd, Gia Lai Livestock JSC and Lo Pang Livestock JSC, and VND500 billion will be paid for bonds issued by HAG in late 2016.

HAG had earlier announced two companies and an individual that would buy HAG shares, including Glory Land Co., Ltd, Viet Fortune Fund Management JSC and Nguyen Duc Quan Tung.

Glory Land would spend VND1 trillion buying 95.2 million HAG shares, Viet Fortune Fund Management would acquire 47.6 million HAG shares worth VND500 billion, and Nguyen Duc Quan Tung would pay some VND200 billion for over 19 million shares.

Notably, the starting price of HAG shares is 38% higher than the price on June 13. The stock has fallen over 50% from the record set on January 17.

Today, June 14, HAG added 2.76% at VND7,830.

The entire southern bourse recovered slightly today with the VN-Index rising 3.27 points, or 0.27%, from the session earlier, at 1,230.31.

There were over 560.88 million shares worth over VND14.5 trillion changing hands, up 24% in volume and 22% in value from the previous session.

On the Hanoi Stock Exchange, the HNX-Index improved 1.71 points, or 0.59%, from the previous session, at 290.08. More than 63.1 million shares valued at some VND1.4 trillion were traded on the bourse.

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