Hoang Anh Gia Lai Joint Stock Company (HAG) has approved a plan to issue 210 million shares to convert 2.52 trillion VND of debt. The creditor list has been adjusted to 5 individuals and 1 organization. Ms. Nguyen Thi Dao has the largest debt swap amount, increasing from over 83 billion to nearly 479 billion, owning 3.21% of HAG’s equity. Other individuals and one organization will swap debts to hold various percentages in HAG. After the issuance, HAG’s charter capital is expected to increase by 2.1 trillion to over 12.6 trillion VND. The share issuance price remains at 12,000 VND per share. HAG will seek shareholders’ opinions from July 24 to August 22 before registering the issuance. Additionally, the company plans to invest in 2,000 hectares of Arabica coffee and develop mulberry regions in several areas. HAG also raised its revenue forecast for this year to 7.1 trillion VND and net profit to 1.55 trillion VND.
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