"Steel King" Tran Dinh Long wants to IPO the agricultural sector, go public in December

(Dan Tri) - Hoa Phat Agriculture plans to offer up to 30 million shares to investors and go public by the end of this year.

On September 16, Hoa Phat Agricultural Development Joint Stock Company (a subsidiary of Hoa Phat Group) submitted its initial public offering (IPO) documents to the State Securities Commission. Hoa Phat plans to list its shares on the Ho Chi Minh City Stock Exchange (HoSE) in December, with the stock code HPA.

The maximum number of shares offered is 30 million units, equivalent to 11.7% of charter capital. The selling price will not be lower than the book value per share of this enterprise, equivalent to over 11,887 VND.

The mobilized capital will be used by the company to contribute to farms, animal feed factories, and supplement working capital for business operations.

Mr. Tran Dinh Long, Chairman of Hoa Phat Group (Photo: HPG).

Hoa Phat officially entered the agricultural sector in March 2015, when it established Hoa Phat Hung Yen Animal Feed Company Limited. In February 2016, Hoa Phat Agricultural Development Joint Stock Company was established, taking on the management and control of all companies in the agricultural group. This company has 99.99% of its capital held by Hoa Phat Group.

The company currently produces animal feed, raises cows, pigs, poultry and is the leading egg market share in the North with an output of 1 million eggs/day.

Notably, in billionaire Tran Dinh Long's ecosystem, agriculture is the second largest contributor after the steel sector. According to Hoa Phat's 2024 annual report, the agricultural sector will bring in VND 7,084 billion in revenue, up 12.2% compared to 2023. Pre-tax profit is VND 1,038 billion, 5 times higher than the same period last year.

In the first half of this year, the company recorded 4,325 billion in revenue, after-tax profit reached 939 billion, more than double last year.

Source: https://dantri.com.vn/kinh-doanh/vua-thep-tran-dinh-long-muon-ipo-mang-nong-nghiep-len-san-vao-thang-12-20250917115205091.htm