In accordance with new info introduced by Hoang Anh Gia Lai Joint Inventory Firm, between January 12, 2021 and June 4, 2021, Hoang Anh Gia Lai bought a complete of greater than 240 million HNG shares. of Hoang Anh Gia Lai Worldwide Agriculture Joint Inventory Firm (HAGL Agrico).
After the transaction, Hoang Anh Gia Lai’s possession price in HAGL Agrico decreased from 37.75% to 16.07%. That is opposite to the dedication between Hoang Anh Gia Lai and Thaco Group, which is that Hoang Anh Gia Lai should preserve the possession price in HAGL at 25.24%, and on the similar time causes the worth of HAGL Agrico shares on the inventory alternate to lower. sturdy. Due to this fact, Thaco determined to cease pouring cash into HAGL Agrico and never enable debt conversion.
Dropping credibility with Thaco, so what does Hoang Anh Gia Lai get in return?
In accordance with information of Hoang Anh Gia Lai, the sale of 240 million HNG shares introduced a revenue of 240 billion dong for the corporate, equal to a revenue of about 1,000 dong per share. This revenue is acknowledged in monetary revenue within the revenue assertion.
Because of this uncommon monetary income, Hoang Anh Gia Lai escaped a loss within the first 6 months of 2021, with a web revenue from enterprise actions of solely VND 1.57 billion. Revenue after tax is greater than eight billion dong.
It’s identified that after Thaco introduced to cease pouring cash into HAGL Agrico, Hoang Anh Gia Lai additionally introduced a dedication to cease, to not proceed promoting shares.
At the moment, the funding in HAGL Agrico is acknowledged by Hoang Anh Gia Lai as one other funding on the stability sheet. The worth of this funding is 1,772 billion VND.
As of June 30, 2021, Hoang Anh Gia Lai gathered an gathered lack of VND 7,371 billion. The corporate is planning to make use of 3,264 billion dong of share capital surplus to erase gathered losses.
