Changes in the 1 trillion bond of Hoang Anh Gia Lai subsidiary (HAG): Reduced dividends from mulberry and coffee companies to 11.5%

On September 8, Hưng Thắng Lợi Gia Lai Co., Ltd. (HGLC), a company 98.78% owned by Hoàng Anh Gia Lai (HAGL), announced changes to the terms of its 1 trillion đồng bonds (HTL12501) issued on August 8, 2025, maturing on August 8, 2028. The new resolution reduces HGLC’s anticipated annual dividend from 15% to 11.5%, deviating from the previous agreement, which also included a 20% supplementary profit at the end of the contract. Funding for the coffee project increased from 250 billion to 277 billion đồng for cooperation with Gia Súc Lơ Pang, while funds for cooperation with Bolaven Fishery reduced from 180 billion to 153 billion. HGLC also redefined “Record Date” for determining the rights of bondholders. Auditors raised concerns about HAG’s ongoing viability, and the company is considering asset sales and debt swaps.