Hoa Phat Agriculture announces initial public offering of 30 million shares

On November 19, 2025, the State Securities Commission of Vietnam issued the Certificate of Registration for the initial public offering (IPO) of Hoa Phat Agriculture Development Joint Stock Company (“HPA” or “the Company”). The Company plans to issue 30 million shares at VND 41,900 per share. The proceeds will be used for financial restructuring, debt repayment, working capital supplementation, and preparing resources for expanding its livestock farms and feed mills. Investors may subscribe from November 24, 2025, until 4:00 PM on December 15, 2025, through the lead distribution agent, Vietcap Securities Joint Stock Company (“Vietcap”).

Hoa Phat Agriculture announces initial public offering of 30 million shares

Established in 2016, at the most recent reporting period, HPA has a charter capital of VND 2,550 billion. Its core businesses include animal feed production and the raising of pigs, cattle, and poultry. Key products include HP Feed and BigBoss branded animal feed, breeding and commercial pigs, Australian beef cattle, and clean chicken eggs. Operating under a closed value-chain model - from feed production to farm operations - the Company is headquartered at Pho Noi A Industrial Park, Nguyen Van Linh Commune, Hung Yen Province.

In terms of market position, Hoa Phat Agriculture ranks among the Top 10 largest pig producers in Vietnam, the Top 13 animal feed manufacturers, Top 1 Australian live cattle producer and is the leading producer of clean chicken eggs in the North.

In this offering, the Company will issue 30 million common shares, all newly issued, at VND 41,900 per share, with an expected fundraising value of VND 1,257 billion. Vietcap Securities Joint Stock Company serves as the official distributor for HPA’s IPO.

Investors may subscribe to a minimum of 100 shares and a maximum of 14.25 million shares (equivalent to no more than 5% of charter capital after the offering). Subscription quantities must be in multiples of 100 shares. Upon subscription, investors must place a deposit equal to 10% of the registered purchase value. Detailed guidelines on the subscription timeline and procedures will be provided on the websites of Hoa Phat Agriculture Development Joint Stock Company (nongnghiep.hoaphat.com.vn) and Vietcap (vietcap.com.vn). HPA shares are expected to be listed on the Ho Chi Minh City Stock Exchange upon completion of the issuance.

The listing will enhance transparency, credibility, and access to secondary capital, supporting the Company’s growth strategy based on a fully integrated agricultural value chain. Specifically, the raised capital will be used to strengthen the Company’s financial capacity, restructure its capital, repay principal and interest, supplement working capital, and provide resources for future investments in livestock farms and feed mills.

For full details regarding the IPO and listing registration, please see the Company’s official announcement HERE.