Hoang Anh Gia Lai Group (HAGL) plans to issue 210 million shares to convert debt valued at 2,520 billion VND. Among the creditors, Huong Viet Investment is the largest, holding 721 billion VND in debt and is expected to receive 60 million shares, representing 4.74% of HAGL’s equity after issuance. The Huong Viet group not only invests in HAGL but also holds various real estate and renewable energy projects. Significant individual creditors include Ms. Nguyen Thi Dao, Mr. Ho Phuc Truong, and Mr. Nguyen Duc Trung.
Additionally, HAGL has borrowed 2,213 billion VND from OCB, backed by 195 million shares of Gia Lai Livestock and over 345 million shares of HAG owned by Duc. HAGL also announced a 3,400 billion VND investment plan for coffee and mulberry projects, targeting a revenue of 7,100 billion VND and a profit of 1,550 billion VND this year.
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