'Steel King' Tran Dinh Long wants to put Hoa Phat Agriculture on the stock exchange

Hoa Phat Agricultural Development Joint Stock Company (HPA), a subsidiary of Hoa Phat Group, chaired by Mr. Tran Dinh Long, has submitted IPO documents to the State Securities Commission.

Hoa Phat's cattle farm in Thai Binh - Photo: AN

According to the plan, HPA plans to offer a maximum of 30 million shares, priced at no less than VND 11,887/share, with book value calculated as of June 30, 2025.

This is the information just announced by Hoa Phat Group on September 17. Accordingly, the mobilized capital will be used to expand farms, build animal feed factories, invest in the Central and Southern regions, and supplement working capital. The company is expected to list on HoSE as early as December 2025 with the code HPA.

A representative of Hoa Phat Group said that Hoa Phat agriculture is currently the second largest profit contributor to the group after steel.

In 2024, revenue will reach VND 7,084 billion, gross profit VND 1,462 billion, an increase of 169% compared to 2023. In the first six months of 2025, HPA recorded revenue of VND 4,325 billion, after-tax profit of VND 939 billion, 2.3 times higher than the same period.

For the whole year 2025, the company expects net profit of 1,600 billion VND, estimated EPS of 6,274 VND.

After 10 years of participating in agriculture, Hoa Phat has a pig farm system of more than 600,000 pigs/year, leading the Australian beef market share, top 1 in the Northern chicken eggs of nearly 1 million eggs/day, and is in the top 13 largest animal feed enterprises in the country.

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Source: https://tuoitre.vn/vua-thep-tran-dinh-long-muon-dua-nong-nghiep-hoa-phat-len-san-2025091712405838.htm