Monday , January 18 2021

After convertible bonds, Thaco will spend VND trillion to buy shares HAGL Agrico



The Truong Hai car (Thaco) just registered to buy 69.7 million shares of Hoang Anh Gia Lai International Agriculture (HAGL Agrico, HNG), increasing its property rate from 0% to 7.86%. The transaction is expected to be done through a contract or by matching the floor from 23 to 22 April 2019.

In the market, HING shares after a strong increase in 2018, are now accumulated at a price of VND 15,100 / share. Thus, if it is calculated according to the current market price, the amount of Thaco spent more than VND 1,052 billion dollars.

In addition to Thaco, Thaco Vice President Mr. Nguyen Hong Minh (also a member of the HAGL Agrico Board of Directors) owns 5 million shares of KHG, equivalent to 0.56% of the capital.

In August 2018, HAGL Agrico issued 2.216 billion convertible bonds to Thaco, launching a series of co-operation activities between the two sides.

Kabriolet bonds offered by HAGLE Agrico with a 1 year period, 0% interest rate and without guarantee. Offering a price of 10 million VND / bond. The conversion rate is 1: 1,000, which is equivalent to 1 convertible link, will be converted to 1,000 shares at the time of conversion. Conversion cost per VND 10,000 / Action.

Thaco plans to spend more than 1,000 billion VND to buy nearly 70 million shares of HAGL Agrico - Photo 1.

Trading with shares from CIS 1 year ago.

Regarding the shares of KHG, recently on April 1, 2019, Ho Chi Minh City GDC (HoSE) put HNG shares on the list of securities that are not eligible for margin trading. The reason is due to the profits of the shareholders of the parent company HAGL Agrico after the revision of the audited consolidated financial statements from 2018.

In parallel, the list of securities that did not qualify for trading on the margin until April 1, 2019 also includes Hoang Anh Gia Lai shares (HAGL, THE HAG).

HAGLE Agrico announced its business plan in 2019, with an estimated revenue of 4,777 billion VND, mainly from fruit and rubber latex. In particular, fruit trees will generate key revenue in the revenue structure, which is expected to bring 4,306 billion VND, representing 90.2%. Accordingly, the company sets targets for pre-tax profit from 2019 to 103 billion VND.

Regarding the accumulated loss in 2018, HAGL Agrico said that during the year, the Company also carried out an estimate of inefficient assets, adjusted the investment costs for planting oil from palm trees at the expense of changing the purpose of growing trees for food . left.


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