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HAGL Chairman Doan Nguyen Duc has completed the purchase of 4,000,000 HAG shares, lifting his stake to nearly 25% ahead of Hoang Anh Gia Lai Joint Stock Company (HAGL)’s 2026 annual general meeting (AGM). The transaction was executed from March 26 to April 16 through at-the-market (matched) orders.
Following the deal, Duc’s holding increased from about 310 million shares to more than 313.9 million shares. His ownership rose from 24.45% to 24.77%. Including related parties, the chairman’s group now holds nearly 379.3 million shares, equivalent to about 29.94% of HAG’s capital.
With the share price during the period trading around 15,000–16,000 VND per share, the total amount spent by Duc is estimated at roughly 60–64 billion VND. The purchases come just before the company’s 2026 AGM, expected to be held on April 17 in Ho Chi Minh City.
Duc has been steadily increasing his position. In mid-March, he completed the purchase of 5 million shares at an average price of about 15,100 VND per share, valued at roughly 76 billion VND. Shortly thereafter, he continued with the additional 4 million-share purchase described above.
The transactions took place as HAG shares had fallen to around 14,500 VND per share in early March before recovering to the 15,000–16,000 VND range. Compared with the start of 2025, the share price has risen by approximately 44% and is currently at the highest level in about 10 years.
The increase in leadership shareholding coincides with positive corporate updates. Based on AGM materials, HAGL targets revenue of over 8.6 trillion VND for 2026, up about 16% year-on-year. The company also projects after-tax profit of over 4.2 trillion VND, nearly double the prior year.
Separately, Bầu Đức’s company repaid a bonds portfolio of about 6.6 trillion VND and benefited from more than 1.5 trillion VND in interest deductions, which is described as easing financial pressure.
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