HAGL Company's announcement said that according to Resolution No. 28 of the Board of Directors, all shares owned at BAPIHAGL Company will be transferred. The number of shares HAGL holds at BAPIHAGL is 2.75 million shares, with a par value of VND 10,000/share.
Mr. Duc fulfills his commitment to sell unprofitable assets to pay off debts.
After completing the transfer of all shares, BAPIHAGL will no longer be an affiliated company of Hoang Anh Gia Lai . BAPIHAGL was established in May 2022 with the main product distribution system being banana-eating pigs.
Mr. Duc sells banana-eating pig company
Previously, on December 26, HAGL Company also announced that the Resolution of the Board of Directors also agreed to transfer 99% of shares of University of Medicine and Pharmacy Hospital - HAGL. Specifically, transferring 9.9 million shares, with a par value of VND 10,000/share of University of Medicine and Pharmacy Hospital Joint Stock Company. The hospital was granted a business registration certificate in 2008 at 238 Le Duan Street, Tra Ba Ward, Pleiku City, Gia Lai Province. The hospital has 11 inpatient departments, 6 functional rooms, 20 specialized clinics and 4 modern operating rooms.
Sharing with shareholders, Mr. Duc said that he is restructuring the company's operations and selling off unprofitable assets to pay off debt and aims to pay off all debt by 2025. At that time, HAGL will be the first company on the stock exchange to have no debt, including working capital loans.
In another development, HAGL Company also announced the Resolution of the General Meeting of Shareholders of Gia Lai Livestock Joint Stock Company (CNGL) approving the plan to separate and transfer part of the assets to establish a new company named Kon Thup Agriculture Joint Stock Company. The establishment of the new company does not terminate the existence of CNGL Company. Kon Thup Company will be a subsidiary of HAGL Company from December 28, 2023. HAGL owns 88.03% of the charter capital.
ECONOMIC MOVEMENT 1.1: Mr. Duc sells banana-eating pig company | Huawei is coming back
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