AgriS SBT Chairman Raises Stake to 13.09% in Generational Shift

Overview

AgriS (SBT), listed on HOSE, announced that Chairman Dang Huynh Uc My will acquire 11 million shares from founding shareholder Huynh Bich Ngoc, raising her stake to 13.09%. CEO Thai Van Chuyen also registered to buy 15.5 million shares, reflecting a generational shift in ownership. The company reported strong FY2025-26 results with revenue of VND 26,892 billion and pre-tax profit of VND 908 billion.

Key Facts

• Chairman Dang Huynh Uc My registered to buy 11,000,000 SBT shares from Huynh Bich Ngoc, expected to raise her total holding to 118,631,662 shares (13.09% of voting shares).
• The transaction is scheduled from 08/09/2026 to 07/10/2026.
• CEO Thai Van Chuyen registered to buy 15,500,000 SBT shares, valued at over VND 350 billion at market prices.
• Foreign ownership in SBT has doubled in two years, reaching nearly 20% (over 182 million shares) as of end-July 2026.
• AgriS holds a 46% domestic market share in Vietnam’s sugar industry and sources raw materials from nearly 80,000 hectares.
• Distribution network has expanded to 76 countries, more than triple the 24 markets five years ago.
• FY2025-26 net revenue reached VND 26,892 billion (101.5% of plan), with pre-tax profit of nearly VND 908 billion.
• New business segments (rice, agricultural services, fruit, food & beverage) contributed nearly VND 4,000 billion, about 15% of total revenue.

What Happened

On 28/08/2026, AgriS disclosed that Chairman Dang Huynh Uc My would acquire an additional 11 million SBT shares from founding shareholder Huynh Bich Ngoc. The purchase, expected to lift her stake to 13.09%, is set to execute between 08/09/2026 and 07/10/2026. Simultaneously, CEO Thai Van Chuyen registered to buy 15.5 million shares, worth over VND 350 billion at current market prices.

These transactions highlight a deliberate transfer of ownership from the founding generation to the next. The company also noted that foreign ownership has surged to nearly 20% in two years, indicating growing international confidence. AgriS reported FY2025-26 net revenue of VND 26,892 billion, achieving 101.5% of its shareholder-approved target, and pre-tax profit of approximately VND 908 billion.

Market Context

SBT closed at VND 23,000 on 06/09/2026, reflecting stable investor sentiment. The stock trades on HOSE, and the company remains the leading sugar producer in Vietnam with a 46% domestic market share. The broader Vietnamese consumer staples sector has seen increased interest in agricultural diversification, and SBT’s expansion into new segments aligns with this trend. The rise in foreign ownership to nearly 20% underscores improving governance and growth prospects.

Strategic Significance

The ownership transition is more than a symbolic change; it brings a new generation of leadership focused on technology, data, and ESG. Chairman Dang Huynh Uc My’s active role in national data associations and international forums suggests a strategic pivot toward high-tech agriculture and circular value chains. The company’s diversification into rice, fruit, and food & beverage reduces reliance on sugar, potentially stabilizing earnings. For long-term investors, this signals a commitment to sustainable growth and modernization, which could enhance shareholder value.

What to Watch

• Completion of the share purchases by Chairman Dang Huynh Uc My and CEO Thai Van Chuyen by 07/10/2026.
• Further changes in foreign ownership levels, which have already doubled in two years.
• Quarterly updates on revenue contribution from new business segments, targeting sustained ~15% share.
• Progress on international expansion, particularly in the 76-country distribution network.
• Any announcements regarding technology partnerships or ESG initiatives following the Vietnam–Australia Tech Connect Forum.