Bau Duc's son appears for the first time

Mr. Doan Hoang Nam - son of Mr. Doan Nguyen Duc (Bau Duc) - registered to buy 27 million HAG shares of Hoang Anh Gia Lai Joint Stock Company. The expected implementation time is from August 15 to September 13.

For the first time, Mr. Duc’s son appeared on the stock market. Previously, the market only saw transactions by Ms. Doan Hoang Anh, Mr. Duc’s daughter.

According to the first half year management report, Ms. Hoang Anh owns 13 million HAG shares, a ratio of 1.23%. In addition, Mr. Duc also has another son, Doan Hoang Nam Anh.

In this transaction, if successful, Mr. Hoang Nam will own 2.55% of Hoang Anh Gia Lai's capital.

Bau Duc - Chairman of Hoang Anh Gia Lai - also registered to sell 25 million HAG shares at the same time his son registered to buy. It is expected that after the transaction, Mr. Duc will reduce his holding ratio from 31.2% to 28.84%.

The transfer transaction between Mr. Duc and his son took place in the context of HAG's recent sharp increase in stock prices. Since the beginning of August, this code has continuously increased from VND14,100/unit to VND16,700/unit, an increase of 18%. The current price is also the highest in 3 years.

Hoang Anh Gia Lai’s business results have also improved recently. In the first half of the year, the group achieved a profit of VND870 billion, up 74% over the same period last year.

Thanks to good business results, Hoang Anh Gia Lai has officially erased accumulated losses that have lasted for many years. As of June 30, the group's accumulated profit reached nearly 400 billion VND. Mr. Duc had hoped to be able to resolve all debts and the group's financial report at the end of this year would be "extremely beautiful".

Source: https://dantri.com.vn/kinh-doanh/con-trai-bau-duc-lan-dau-lo-dien-20250813093046287.htm