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Hai An Stevedoring and Handling Joint Stock Company (ticker HAH, HoSE) has approved extending the timeline for its 2026 annual general meeting of shareholders (AGM) to the end of June 30, 2026, to allow sufficient time to prepare the procedures and documents for a careful and successful meeting.
The company said the extension is intended to ensure adequate time to prepare the AGM procedures and documentation thoroughly. The exact date of the 2026 AGM will be determined by the Board of Directors based on actual conditions and will be announced to shareholders in accordance with the law.
On April 29, 2026, Hai An finalized the list of shareholders entitled to attend the 2026 AGM, using a 1:1 rights ratio—one share entitles one voting right.
In a separate development, Nam Hai Dinh Vu Port Co., Ltd. registered to purchase 1.48 million HAH shares between May 6, 2026 and June 3, 2026 to increase its ownership. Before the transaction, Nam Hai Dinh Vu Port did not hold any HAH shares. If the purchase is completed, its ownership would rise to 0.8% of Hai An’s capital.
Nam Hai Dinh Vu Port is a subsidiary of Vietnam Container Corporation (Viconship, ticker VSC, HoSE). Viconship, together with two subsidiaries—Green Logistics Center Co., Ltd. and Green Port Services Co., Ltd.—is listed among Hai An’s major shareholders.
Meanwhile, Multi-Modal Transport and Agency Co., Ltd. has exited as a major shareholder of Hai An. The change follows Hai An’s completion of issuing nearly 17 million shares to convert bonds. As a result, Multi-Modal Transport and Agency Co., Ltd. retained 9.1 million shares, but its ownership decreased from 5.4% to 4.93%.
Hai An also approved borrowing an overseas loan from Bank Sinopac Co., Ltd., Macau Branch. The loan’s maximum value is more than USD 24.2 million (approximately VND 6.38 trillion), with a term of 36 months from the first disbursement date or 14 calendar days before the expiry of the standby letter of credit (standby L/C), whichever comes first.
The loan is described as a long-term secured facility intended to finance the company’s working capital. To secure the borrowing, Hai An must open a Debt Service Reserve Account with the lending bank and maintain a balance not lower than the interest payable in each interest calculation period (the minimum reserve) throughout the loan term.
Hai An will also issue an unconditional and irrevocable standby letter of credit (Standby L/C) in USD with an amount not less than 102.5% of the credit amount. The debt maturity date must not be later than 14 days before the expiry of that standby credit.
In addition, the company must ensure a first-priority mortgage over the Debt Service Reserve Account, along with any other collateral assets the bank may request and that Hai An agrees to provide.
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