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Hoang Anh Gia Lai sold 20,000 hectares of land Thaco | Financial – Business


Hoang Anh Gia Lai's shareholder general meeting (HNG), chairman of the board of directors, Doan Nguyen Duc (German director), held on April 26, underlined that no land has been sold. think tingle According to German elections, this is the transfer of subsidiaries. Due to the need for debt repayments for 2019, the company seeks to mobilize capital, so it gives the members a good position to find debt management solutions. Truong Hai Automobile Joint Stock Company (Thaco) Hoang Anh Gia Lai's 2 subsidiaries have revised and approved the value of more than 6,000 million euros and 30% deposit.

The requirement to carry out this agreement is mandatory in the contract contract, which is used exclusively for payment of two business transfers. For this reason, the term debt will be deducted, the money will be returned when returned, do not use this cash flow for other purposes.

Previously, Thaco's two subsidized transfers have 10,000 hectares of rubber, oil palm trees over 8,000 ha. Later, the palm of oil will gradually plant fruit trees.

In mid-March, Thaco created the THADI Agricultural Production, Processing and Distribution Representation Company to invest in agricultural and productive activities. Shortly afterwards, THADI signed a strategic partnership agreement with HNG for fruit export, fruit consumption, cold storage, logistics, and import and export markets for high-end markets. These two companies do not only export fresh fruit, but will process them thoroughly before processing their processed products before being exported. Thaco himself signed a strategic partnership with Hoang Anh Gia Lai in 2018 to jointly develop and expand the agricultural sector.

Thaco recently acquired 69.73 million shares of HNG, increasing the ownership rate from 0.7% to 7.86%. Expected transactions are made through an agreement or on the ground between 23.4-22.5.

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