Hoang Anh Gia Lai delays bond interest payment, about to have more than 1,000 billion in unusual income

Hoang Anh Gia Lai Joint Stock Company (HoSE: HAG) continues to delay bond interest payments. The company's chairman revealed that in the third quarter, it could record an extraordinary income of more than VND1,000 billion.

Hoang Anh Gia Lai workers working in the factory - Photo: TRAN MANH

According to information released by the Hanoi Stock Exchange (HNX), Hoang Anh Gia Lai has not paid more than VND42.2 billion in interest for the HAGLBOND16.26 bond lot, due on June 30, 2025. The reason given by the company is that it has not arranged enough capital.

This is also the reason why Hoang Anh Gia Lai is late in paying the interest of VND 118 billion due from the end of March 2025 of the same bond lot mentioned above (HAGLBOND16.26).

Issued since June 2016, the HAGLBOND16.26 bond lot has a total issuance value of up to VND 6,596 billion, maturing at the end of 2026. This is a non-convertible bond, without warrants, with collateral, with an initial issuance interest rate of 9.7%/year, then applying a floating interest rate, with a 3-month interest payment cycle. The sole bondholder is BIDV Bank.

Under financial pressure, Hoang Anh Gia Lai has approved a plan to issue 210 million shares to convert part of the group B bond debt in lot HAGLBOND16.26.

These shares will be distributed directly to major bondholders, such as Huong Viet Investment Consulting Joint Stock Company, which owns bonds worth more than VND720.7 billion. Meanwhile, two domestic individuals, Mr. Ho Phuc Truong and Mr. Nguyen Duc Trung, each hold bonds worth nearly VND600 billion.

In a letter to shareholders on July 1, Chairman of the Board of Directors Doan Nguyen Duc said the company is reviewing and adjusting its after-tax profit plan for 2025. He also said that in the third quarter, when the necessary procedures are completed, the company is expected to be allowed to record an extraordinary income of more than VND1,000 billion. However, Mr. Duc has not disclosed the details of this income.

In addition, from July 2025, the enterprise plans to invest in expanding the raw material area, with the goal of planting 2,000 hectares of new coffee and 2,000 hectares of mulberry.

Regarding business results, Mr. Duc said that in the first half of the year, the company has completed more than 60% of the annual profit plan. Of which, banana prices remain high, while durian has not been recorded as revenue. This year, Mr. Duc estimates that the company's after-tax profit could reach VND2,500 billion.

According to newly announced information, the board of directors of OCBS Securities Joint Stock Company (OCBS) decided to allocate 220 billion VND in HAG shares for its own trading activities.

This move came after OCBS completed its share offering, raising its charter capital to VND1,200 billion. In total, OCBS earned VND900 billion from the offering; it plans to spend VND475 billion on margin lending and advance sales, VND400 billion on securities trading and the rest on investment in headquarters, infrastructure and technology.

HONG PHUC

Source: https://tuoitre.vn/hoang-anh-gia-lai-cham-tra-lai-trai-phieu-sap-co-hon-1-000-ti-thu-nhap-bat-thuong-20250704162924159.htm