LPBank Securities becomes major shareholder of Bau Duc Company

LPBank Securities and related parties bought 89.6 million HAG shares, increasing ownership to 8.47% of charter capital, the transaction was conducted on April 25.

The information has just been sent to Ho Chi Minh City Stock Exchange (HoSE) by LPBank Securities Joint Stock Company.

After the above transaction, LPBank Securities and related parties increased their ownership to 89.6 million HAG shares, equivalent to 8.47% of charter capital and became a major shareholder group at Hoang Anh Gia Lai Joint Stock Company (HAG).

Specifically, LPBank Securities owns 50 million shares, people related to this company are holding a large amount of remaining HAG shares such as Mr. Le Minh Tam with 28 million, Mr. Nguyen Duc Binh with 1.3 million, Ms. Tran Thi Thu Huong with about 5.65 million and Ms. Pham Le Thi Hong Hoa with 4.68 million units.

In addition to LPBank and the above group of shareholders, Hoang Anh Gia Lai also sold 52 million shares to Thaigroup Corporation at VND10,000 in the recent private issuance, accounting for 4.92% of charter capital.

With the proceeds from the offering of 1,300 billion, Mr. Duc's company will use 346.7 billion VND to buy back all the principal and interest of the bonds issued by the company on June 18, 2012, bond code HAG2012.300, before maturity. The remaining amount will be used to restructure debt for the subsidiary and supplement working capital.

In an unusual announcement on May 7, Hoang Anh Gia Lai said it had just received the resignation letters of Mr. Nguyen Chi Thang - member of the Board of Directors and Mr. Le Hong Phong, member of the Board of Supervisors.

In the first quarter, this company achieved a profit after tax of 226 billion VND. Currently, the company still has an accumulated loss of 1,452.4 billion VND, equal to 15.7% of charter capital (charter capital is 9,274.7 billion VND).

In the market, HAG shares are increasing to over 13,100 VND per share on May 7.

VnExpress

Source: https://vnexpress.net/chung-khoan-lpbank-thanh-co-dong-lon-cua-cong-ty-bau-duc-4743030.html