Offering over 40.5 million shares to existing shareholders.
BAF Vietnam Agriculture Joint Stock Company (stock code: BAF) has just announced that October 28, 2026 will be the last registration date to exercise the right to purchase shares in the offering to existing shareholders.
According to the plan, BAF will offer more than 40.5 million shares. The issuance will be conducted at a ratio of 9:1, meaning shareholders owning 1 BAF share will be entitled to 1 purchase right, and every 9 purchase rights will entitle them to buy 1 new share. The registration and payment period for purchasing shares will last from November 5th to November 25th, 2026. Meanwhile, the transfer period for purchase rights will take place from November 5th to November 20th, 2026.
With an offering price of VND 15,000 per share, BAF expects to raise over VND 608 billion if the issuance is completed as planned. This capital will be used by the company to pay off debts related to its livestock production and business operations.
According to the previously announced plan, all funds raised will be used to pay off debts to suppliers of feed, pig breeds, additives, and other raw materials and goods serving the company's livestock production and business activities. The expected disbursement period for these funds is from Q4/2026 to Q2/2027.
If the offering is successful, BAF's charter capital will increase from over 3,648 billion VND to nearly 4,054 billion VND.
BAF acquires 75% of Hung Phat Farm One's capital.
In other news, BAF Vietnam Agriculture Joint Stock Company announced a Board of Directors' resolution regarding the acquisition of the entire capital contribution of an individual in Hung Phat Farm One Co., Ltd. According to the resolution, BAF will acquire the entire capital contribution of Mr. Nguyen Tran Tuan Cuong in Hung Phat Farm One Co., Ltd. for VND 162 billion, equivalent to 75% of the charter capital.
Prior to the transaction, BAF held a stake worth VND 54 billion, equivalent to 25% of the charter capital in Hung Phat Farm One. Therefore, if the deal is completed, BAF will increase its ownership in this company to 100%. Along with the completion of the transfer, Hung Phat Farm One will be converted into a single-member limited liability company with BAF as the sole owner.
BAF also appointed Mr. Truong Anh Tuan, Deputy General Director, as its authorized representative to manage the entire capital contribution in Hung Phat Farm One.
Hung Phat Farm One Co., Ltd. was established on January 26, 2021, primarily operating in pig farming and pig breeding. The company's headquarters are located in Bi Giong village, Po To commune, Gia Lai province.
Profits are being 'eroded'.
Regarding the financial picture, according to the financial report for the first half of 2026, the company recorded revenue of VND 3,888.7 billion, marking a breakthrough of 54.9% compared to the same period last year. However, despite the strong revenue growth, the company's after-tax profit declined, reaching only VND 309.86 billion, a decrease of 9.6% compared to the same period.
The main reason for this profit erosion stems from a significant narrowing of the company's gross profit margin, which decreased from 24.2% in the same period last year to just 20.6% in the first six months of this year. The increase in cost of goods sold has directly put pressure on the company's profitability per dollar of revenue.
Source: https://doanhnhan.baophapluat.vn/nong-nghiep-baf-viet-nam-baf-chao-ban-40-5-trieu-co-phieu-du-kien-thu-hon-608-ty-dong.html
