Mr. Duc has just completed converting more than 2,500 billion VND of bank debt.

(Dan Tri) - The debt swap is expected to help Hoang Anh Gia Lai reduce interest expenses in the coming time. In the first 6 months of the year, Mr. Duc's company paid an average of 2 billion VND in interest each day.

Hoang Anh Gia Lai Joint Stock Company (HAGL, stock code: HAG) has just completed the issuance of 210 million shares at a price of VND12,000/share to convert a debt of VND2,520 billion.

The group of creditors participating in the swap includes Huong Viet Investment Consulting Joint Stock Company, 5 individuals participating in the issuance include Ms. Nguyen Thi Dao, Mr. Pham Cong Danh, Mr. Nguyen Anh Thao, Mr. Ho Phuc Truong and Mr. Nguyen Duc Trung.

In detail, Huong Viet Company received more than 60 million shares. Ms. Nguyen Thi Dao received nearly 40 million shares. Mr. Ho Phuc Truong and Mr. Nguyen Duc Trung each received about 50 million shares. After the transaction, this group holds 16.65% of HAG shares, the number of shares is restricted from transfer within 1 year.

The swapped debt is an interest-bearing debt worth VND2,000 billion and a non-interest-bearing debt worth VND520 billion. These are group B bond debts from BIDV that will be transferred to new creditors.

The debt swap is expected to help HAGL reduce its financial burden and interest costs in the coming time. In the past 6 months alone, Mr. Duc’s company has spent 360 billion VND in interest, an average of about 2 billion VND/day.

Debt swap stock distribution results (Photo: Screenshot of report from HAGL).

According to HAGL's financial report, as of June 30, 2025, the company's debt was VND 15,630 billion. Of which, debt reached VND 9,320 billion, including VND 2,061 billion of long-term bonds held by the group of 6 creditors above, and VND 1,831 billion related to the bond conversion agreement.

Regarding business, in the second quarter of 2025, HAGL recorded net revenue of VND2,329 billion, up 53% over the same period. Profit after tax reached VND510 billion, up 88% and the highest level in the last 6 quarters.

In the first half of the year, net revenue reached VND3,707 billion, after-tax profit reached VND880 billion, up 34% and 76% respectively compared to the first half of last year. The company has completed more than half of the adjusted business plan announced on July 23, reaching 52.2% of the revenue target and 56.8% of the profit target.

Source: https://dantri.com.vn/kinh-doanh/bau-duc-vua-hoan-doi-xong-hon-2500-ty-dong-no-ngan-hang-20250927123716784.htm