Repaying debt to Eximbank, TPBank, BIDV, borrowing from LPBank, TPBank
Hoang Anh Gia Lai Joint Stock Company (stock code: HAG) is headed by Mr. Doan Nguyen Duc ( elected Duc) as Chairman of the Board of Directors has just announced the report finance consolidated audit in 2023.
According to general data as of the end of 2023, the company still owes nearly 7,869 billion VND in financial loans. 17 times more than equity. During the year, the company reduced debt by 297 billion VND.
In more detail, the amount of debt paid to Eximbank is nearly 588 billion VND TPBank is 350 billion VND 600 billion VND bond debt for BIDV… In the opposite direction debt Short-term loans increased with a new loan of VND 750 billion from LPBank with an interest rate of 10 15%/year. TPBank also lent the group an additional 566 billion VND…
The group still has a bond debt of 4,671 billion VND at BIDV but on December 31 /2023, the group has not paid principal and interest on mature bonds with a total value of 100 billion VND and 3,025 billion VND. On the date of this report, the group has paid the bond principal of VND 100 billion and has a plan to pay the bond interest that is due.
The violation of the commitment to pay the bond with the same amount Other factors related to accumulated losses on short-term debt make the audit unit doubt Hoang Anh Gia Lai’s ability to continue operating. For the 7th consecutive year, Hoang Anh Gia Lai has been audited and doubts its ability to operate continuously.
Traders Outstanding transactions in 2023
Bau Duc once announced his determination to make Hoang Anh Gia Lai “debt-free” by 2026. Selling assets is one of the measures taken by the group. used to restructure debt.
The 2023 audit report has revealed many notable transfer and transfer transactions of Hoang Anh Gia Lai in the past year.
First, the group sold all 100% of its shares in University of Medicine and Pharmacy Hospital Joint Stock Company – Hoang Anh Gia Lai on December 27, 2023, with a total transfer value of 370 billion VND and a profit nearly 242 billion VND.
On December 29, 2023, also completed the sale of 44 5% of capital in Bapi Hoang Anh Gia Lai Joint Stock Company with a transfer value of 27 5 billion VND, recording a profit nearly 10,4 billion VND.
Bapi Hoang Anh Gia Lai Company with the Bapi banana-eating pig brand was born in 2022, marking the cooperation between Hoang Anh Gia Lai Group and Dong Pharmaceutical Company. ASIAN. From January 13, 2023 to December 29, 2023 (the period when Bapi was an affiliated company), Hoang Anh Gia Lai recorded a loss of 11 billion VND in Bapi company.
In the opposite direction On April 1, 2023, Hoang Anh Gia Lai’s subsidiary completed purchasing shares of Bolaven High-Tech Agriculture Company and converted receivables from Bolaven into investments with a total value of nearly 174 million VND. billions dong. Bolaven became a subsidiary of the group.
At the date of purchase, Bolaven owned nearly 467 hectares of agricultural land in Champasak province, Laos. Hoang Anh Gia Lai and an independent consulting unit determined that this transaction recorded a profit from a cheap transaction of 270 billion VND.
The group with Mr. Doan Nguyen Duc as Chairman of the Board of Directors also completed the transfer. Convert receivables from Le Me Joint Stock Company into investments and receive share transfers from remaining shareholders. Le Me Company became a subsidiary of the group that owns 2,931 hectares of agricultural land in Cambodia and 218 hectares of land in Attapeu Laos.
On January 11, Hoang Anh Gia Lai also completed Completed transfer of more than 13,3 million HNG shares of Hoang Anh Gia Lai Agriculture to investors. The group’s ownership ratio decreased from 9 4% to 8 24%.
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