Hoa Phat Group (HPG) announced selling over 1.3 million shares of Hoa Phat Agricultural Development JSC (HPA), reducing ownership from 85% to 84.54% just ahead of the listing. The company has completed the shareholder registry and is preparing to list 285 million shares on Ho Chi Minh City Stock Exchange. Following an IPO early January, Hoa Phat raised over 1.257 trillion VND, increasing charter capital to 2.85 trillion VND. The IPO price of 41,900 VND per share is expected to provide a 9.2% dividend yield in the next 12 months and 3,000 VND/share/year for 2026-2030. Established in 2016, Hoa Phat Agriculture mainly produces animal feed and livestock, achieving a revenue peak of 10 trillion VND in 2020 but declining for three years afterward. For 2024, revenue was reported at 7.084 trillion VND and 6.259 trillion VND in the first nine months of 2025. The revenue target for 2025 is 8 trillion VND, significantly lower than the record in 2020. The company plans to increase revenue to over 12 trillion VND and profits to 1.75 trillion VND by 2030.
Leave a Reply