VNRE - Credit Suise Fund (Hong Kong) announced that it has acquired a 13.64% stake in Hoang Anh Gia Lai Corporation (HAG) by purchasing 73.3 million shares on 28/5. Before the transaction, the fund holds only 12 HAG.
Suise Credit Fund (Hong Kong) announced that it has purchased more than 73.3 million shares of Hoang Anh Gia Lai Corporation (HAG) on 28/5, equivalent to 13.64% of the outstanding shares. Before, the fund holds only 12 shares of HAG.
Purpose of the transaction, according to Credit Suise, to prevent the risk that the fund has signed with foreign customers.
The transaction price is not announced specific, but the closing price of 6/6, HAG was trading at VND22,800, the fund from Hong Kong to spend approximately 1.740 billion VND.
Thus, after HAGL Chairman - Doan Nguyen Duc, Credit Suise is the 2nd largest shareholder of the company. Mr Doan Nguyen Duc holds 48.32% stake in HAGL.
HAGL JSC is a real estate company with projects in Vietnam, Laos, Thailand and Myanmar.