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HAGL: Not finance successful, Mr. Duc only buys 6.6% of registered shares successfully

Monday - 09/07/2018 13:06
The trading was done through order matching on the trading floor. The reason for not buying up the total amount of registration due to lack of funds.
MR Doan NGuyen Duc
MR Doan NGuyen Duc
HCM City Stock Exchange recently announced Đoàn Nguyên Đức's trading - Hoang Anh Gia Lai JSC ( HAG). From June 11 to July 9, 2018, Mr.Duc only buy 1 million on the registered volume of 15 million shares HAG. The trading was done through order matching on the trading floor. The reason for not buying up the total amount of registration due to lack of funds.

Thus, the total number of stocks of Doan Nguyen Duc currently held in HAGL is 330.56 million units, equivalent to 35.64% of the Company's charter capital. On the stock market, HAG is trading at VND 5,000 per share, estimated amount of money which Mr Duc spent on  the deal is 5 billion.

Speaking about the relatively low stock price, Mr. Duc said: "I do not know why HAG shares are low, I do not interfere with the market." Mr. Duc affirmed, HAG is back, and shareholders should continue to believe in him. "I will make HAG back, trust me, and if I lose, I'm probably the biggest loser, I'm trying to get HAG back to its old position 10 years ago."

Although it is impossible to control the market price, Mr. Duc predicts HAG shares will improve at the end of the year, with what HAG is doing.

 

Source: Tri Túc - Tri Thức Trẻ

 Tags: HAG, Doan Nguyen Duc

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