Hoang Anh Gia Lai International Agriculture Joint Stock Company has just announced that as of December 31, 2024, it has paid all debts according to the agreement and no longer has debt with Mr. Duc's company.
Mr. Tran Ba Duong (middle) and Mr. Duc (second from left) both hold seats on the board of directors of HAGL Agrico - Photo: HNG Website
On the last day of 2024, Hoang Anh Gia Lai International Agriculture Joint Stock Company (HAGL Agrico), chaired by Mr. Tran Ba Duong, announced that it had completed debt repayment according to the tripartite commitment agreement with BIDV and Hoang Anh Gia Lai Joint Stock Company.
Specifically, the amount paid by this company is 4,228 billion VND. Of which, HAGL Agrico paid the direct loan to BIDV of 2,094 billion VND, and paid the debt to HAGL (the company chaired by Mr. Duc) related to HAGL 2016 bonds of 2,314 billion VND.
"Thus, as of December 31, 2024, HAGL Agrico has paid all debts according to the agreement and no longer has debt with HAGL," announced the company of Mr. Tran Ba Duong.
After paying off all debts, HAGL Agrico also said it would receive some assets. In which, phase 1: Land use rights and exploitation rights of 5,357 hectares of oil palm on an area of 9,470 hectares; office, oil palm factory, thermal power plant owned by HA Andong Meas.
Phase 2: This enterprise is expected to receive land use rights and exploit 9,231 hectares of rubber and more than 9,996 hectares of oil palm in Attapeu province.
In the third phase, the assets received are the land use rights and exploitation rights of 4,733 hectares of rubber and 3,155 hectares of oil palm in Attapeu province of Hoang Anh Attapeu Company.
In the fourth phase, the company is in the process of completing procedures with BIDV to receive back assets such as land use rights and rubber exploitation rights on an area of 4,852 hectares owned by HA Quang Minh, land use rights and rubber exploitation rights on an area of 1,960 hectares owned by Heng Brother Company Limited and land use rights and rubber exploitation rights on an area of 3,283 hectares owned by CRD Company Limited.
Previously, Hoang Anh Gia Lai Joint Stock Company (HAGL) reported on the payment of principal and interest of the bond lot of which BIDV is the bondholder. Accordingly, in just the last 2 days of the year, HAGL issued two consecutive announcements updating the progress of debt payment of the HAGLBOND16.26 bond lot with a payment value of more than 1,000 billion VND.
HAGL Agrico was formerly Hoang Anh Gia Lai Rubber Joint Stock Company, then transferred to the company of billionaire Tran Ba Duong - chairman of Thaco.
After a period of overlapping relationships, by August 2022, HAGL Agrico chaired by Mr. Tran Ba Duong and HAGL chaired by Mr. Duc committed to separating mortgaged assets and debt repayment obligations to BIDV.
Source: https://tuoitre.vn/cong-ty-ong-tran-ba-duong-bao-het-no-voi-doanh-nghiep-bau-duc-sap-nhan-ve-hang-chuc-ha-dat-20250101114956344.htm
Comment (0)