Ho Chi Minh City Stock Exchange (HOSE) has issued a request to explain information that the price of AAN shares of A An Food Company increased to the ceiling price for 5 consecutive sessions, from May 22, 2026 to May 28, 2026.
It is known that 65 million AAN shares of A An Food Company (A An Food) have officially been listed on HOSE with the reference price for the first session being 15,000 VND/share on May 22. Since that time, AAN shares have continuously increased to the ceiling price with a purple color when closing 5 consecutive trading sessions, climbing to 23,450 VND/share as of the end of May 28. This increase is equivalent to over 56% after only 1 week. Market capitalization reached 1,524 billion VND.
A An Food's listing process has actually attracted much attention since mid-February 2026, when HOSE announced the receipt of registration documents. DNSE Securities Joint Stock Company (HOSE: DSE) is the listing registration consultant.
A An Food is still quite young when it was established in January 2021 with a development foundation from the rice business of Tan Long Group. The company's initial contributed charter capital was 100 billion VND, which has now increased to 650 billion VND.
Before listing, updated to March 31, 2026, the company's shareholder structure includes Siba Holdings parent company holding 52.14% of capital, Mr. Truong Manh Linh (Standing Vice Chairman of the Board of Directors) holding 2.14% and 45.72% belonging to other shareholders.
Siba Holdings is held by Mr. Truong Sy Ba - founder and Chairman of the Board of Directors of Tan Long Group holding 98% of capital. Mr. Ba also holds the position of Chairman of the Board of Directors of Siba Holdings. On the stock exchange, Mr. Truong Sy Ba's "ecosystem" already has 2 enterprises: SIBA High-Tech Mechanical Group Joint Stock Company (stock code SBG) and BAF Vietnam Agriculture Joint Stock Company (stock code BAF).
A An Food received the transfer of the A An rice brand in March 2023. To date, the company has operated 3 rice factories in An Giang and Tien Giang, with a total area of 63,000m2, a drying capacity of more than 4,000 tons/day, and a total capacity of 54,000 tons.
In Q1/2026, A An Food brought in nearly VND 793 billion in net revenue and more than VND 8.5 billion in after-tax profit, increasing by 8% and 86% respectively compared to the same period last year. According to the company, this result comes from the positive growth of rice wholesale thanks to increased consumption output, in addition to good cost control.
In 2026, the company set a target of net revenue of VND 4,300 billion and after-tax profit of nearly VND 58 billion, an increase of nearly 30% compared to the performance in 2025. With the results achieved in the first quarter of 2026, the company achieved 18% of the revenue target and 15% of the after-tax profit target for the year.
After listing in the near future, A An Food also plans to increase capital to 916.5 billion VND through issuing 11.7 million shares to pay dividends (100:18 ratio) and bonuses of 14.95 million shares (100:23 ratio), expected to take place in Q2-3/2026.
