Hoa Phat Group (HPG) recently announced the sale of over 1.3 million shares of Hoa Phat Agricultural Development JSC (HPA), decreasing its ownership from 85% to 84.54%. The transaction took place on January 16, right before the agricultural company’s listing. On January 17, Hoa Phat closed the list of shareholders for registration with VSDC. A total of 285 million shares are being registered for listing at a par value of 10,000 VND per share. Previously, on January 7, 2026, the company completed its IPO, issuing 30 million shares and raising 1,257 billion VND, increasing its charter capital from 2,550 billion VND to 2,850 billion VND. At the IPO price of 41,900 VND, a dividend yield of about 9.2% is expected for the next 12 months. Hoa Phat mainly operates in producing animal feed and livestock farming, with a large system of farms. Despite experiencing difficulties from 2021 to 2023, Hoa Phat Agricultural has rebounded, recording revenues of 7,084 billion VND in 2024, aiming for 12,000 billion VND in revenue by 2030.
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