HAG Chairman Doan Nguyen Duc Increases Stake to 24.77% with 4 Million Share Purchase

Overview

Chairman Doan Nguyen Duc of Hoang Anh Gia Lai Joint Stock Company (HAG) purchased 4 million registered HAG shares, increasing his ownership stake to 24.77% of the company’s capital. This transaction occurred ahead of the company’s 2026 Annual General Meeting, where shareholders will vote on a business plan targeting significant revenue and profit growth, alongside major agricultural expansion projects.

Key Facts

• Chairman Doan Nguyen Duc purchased 4 million HAG shares between March 26 and April 16, 2026.
• His ownership increased from 309.95 million shares (24.45%) to 313.95 million shares (24.77%).
• This follows a previous purchase of 5 million HAG shares between March 11 and 18, 2026.
• HAG’s 2026 Annual General Meeting is scheduled for April 17, 2026.
• The company’s 2026 business plan targets revenue of VND 8,624 billion and net profit of VND 4,202 billion.
• A 5% cash dividend (VND 500 per share) is proposed for 2026, contingent on actual profit achievement.
• No dividend is planned for 2025, with profits retained for reinvestment in coffee and mulberry projects.

What Happened

According to a filing reported by the company, Chairman Doan Nguyen Duc successfully acquired 4 million registered HAG shares between March 26 and April 16, 2026. This transaction raised his ownership from 309.95 million shares (24.45% of capital) to 313.95 million shares (24.77% of capital). The filing notes this follows another purchase of 5 million shares in early March 2026.

The share purchase precedes Hoang Anh Gia Lai’s 2026 Annual General Meeting scheduled for April 17, 2026. At this meeting, shareholders will vote on the company’s 2026 business plan, which projects revenue of VND 8,624 billion and net profit of VND 4,202 billion. The board also proposes a 5% cash dividend for 2026, payable in 2027 if profit targets are met. For 2025, the company plans to retain all net profit after covering accumulated losses to reinvest in coffee and mulberry farming projects.

Market Context

HAG trades on the Ho Chi Minh City Stock Exchange (HOSE) under the ticker HAG in the agriculture and consumer staples sector. Insider purchases by the chairman, particularly ahead of a key shareholder meeting, often signal confidence in the company’s strategic direction and financial outlook. The company’s focus on agricultural expansion, including new coffee, mulberry, and durian plantations, aligns with Vietnam’s growing agribusiness sector.

Strategic Significance

The chairman’s increased stake reinforces commitment to Hoang Anh Gia Lai’s pivot toward large-scale agricultural production and processing. The proposed 2026 targets represent a substantial growth trajectory, with the planned expansion of 7,000 hectares of coffee, 1,000 hectares of mulberry, and 700 hectares of durian, plus processing facilities, indicating a capital-intensive shift. Retaining 2025 profits for reinvestment underscores this strategic capital allocation, prioritizing long-term asset development over immediate shareholder returns.

What to Watch

• Shareholder approval of the 2026 business plan and dividend proposal at the April 17, 2026 AGM.
• Quarterly financial results in 2026 to track progress toward the VND 8,624 billion revenue and VND 4,202 billion net profit targets.
• Implementation updates on the agricultural expansion projects, including planting milestones for coffee, mulberry, and durian.
• Further insider trading filings by Chairman Doan Nguyen Duc or other related parties.
• The company’s 2025 audited financial report, expected to be presented at the AGM.