Hoang Anh Gia Lai Joint Stock Company (stock code: HAG) said it has received a document from the State Securities Commission (SSC) on approving the registration dossier for a private offering of 130 million shares. shares.
According to the issuance plan, Hoang Anh Gia Lai will privately offer 130 million shares at a price of 10,000 VND/share, earning 1,300 billion VND Limited transfer for one year.
With the proceeds, the company will pay the bond principal and interest (330,5 billion VND) and restructure loans for its subsidiary, Cong. Lo Pang Cattle Joint Stock Company (269,5 billion VND) restructures debt for its subsidiary, Hung Thang Loi Gia Lai Co., Ltd. (700 billion VND). Disbursement time is in 2024.
Investors expected to participate in the issuance include Securities LPBank (buys 50 million shares) ThaiGroup (buys 52 million shares) and Mr. Le Minh Tam personally (buys 28 million shares). The total ownership ratio of 3 investors is about 12 3% of capital.
The approval of the issuance plan is good news at the beginning of the year for Mr. Duc after a series of not-so-great problems. recent luck. If successfully issued, Hoang Anh Gia Lai will have money to restructure debt – a big goal enterprises set during this period.
The days leading up to the Lunar New Year in Hoang Anh Gia Lai have personnel changes. Mr. Vo Truong Son resigned his position as General Director for personal reasons after 9 years of service. The person in charge of replacing him is Mr. Nguyen Xuan Thang. Mr. Thang was born in 1977 and has a bachelor’s degree in economics in corporate finance. Mr. Thang also joined Hoang Anh Gia Lai for nearly 2 decades since 2007.
Hoang Anh Gia Lai was also administratively fined 242,5 million VND by the State Securities Commission related to information disclosure violations. Specifically, Hoang Anh Gia Lai was fined 92,5 million VND for the act of not disclosing information that must be disclosed according to the law.
The company did not disclose information to the Department. Hanoi Stock Exchange (HNX) on reporting on the use of capital from bond issuance in 2021; Report on bond principal and interest payment situation in 2021; Report on the use of proceeds from the issuance of bonds in 2022 and semi-annual 2023 is audited.
The company also disclosed information on time to HNX about the situation report Payment of principal interest on semi-annual bonds in 2022; report on the use of proceeds from the issuance of semi-annual bonds in 2022.
In addition, Hoang Anh Gia Lai is also said to have published false information. The company announced false information about the number of shares expected to be distributed to Viet Cat Fund Management Joint Stock Company in the Board of Directors Resolution dated November 22, 2023. The company was fined 150 million VND and forced to correct information according to the provisions of Decree 156.
Bau Duc’s business had a prosperous 2023 when the highest profit in 12 years reached more than 1,817 billions dong. The company has implemented many solutions to repay debt such as liquidating assets and selling shares, earning 440 billion VND last year. The financial debt balance at the end of 2023 is 7,910 billion VND. Duc aims to be “debt-free” by 2026.
HAG shares in the first session of the year (February 15) increased by more than 2% to 13,400 VND/unit. This transaction price has also increased 42% in the past 3 months.
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