On May 20, HAGL announced the complete transfer of its shares in Asia Consulting and Construction Investment Co., Ltd. for 6 billion VND, thus ending its only linked company. Established in 2007, Asia is engaged in architectural services. This move is part of HAGL’s restructuring strategy to focus on large-scale agriculture. HAGL aims to develop fruit crops and livestock, planning to plant 30,000ha of banana, durian, and other economically valuable plants by 2030, positioning itself as a leader in Vietnam’s agriculture sector. HAGL also aims to improve its financial health, reduce bank debts, and eliminate accumulated losses. The Board has rescheduled the annual general assembly to June 6, 2025, for audit preparations, reporting a consolidated revenue of nearly 1.379 trillion VND and a net profit of more than 360 billion VND in Q1 2025, a significant increase from the previous year.
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