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Foreign partners trade developer's shares

Update: February, 27/2012 - 10:05

GIA LAI — Deutsche Bank Trust Co Americas, which holds a 5.2-per-cent stake in real estate developer Hoang Anh Gia Lai (HAG), has registered to both buy or sell over 24.3 million HAG shares between February 28 and April 27. The bank had previously planned to trade 8.1 million shares of HAG within a two-month period beginning last December 22, but it delayed the transactions due to fluctuations in the market.

Meanwhile, Wareham Group, which specialises in integrated risk management solutions, has also registered to buy 1.8 million HAG shares, increasing its holdings in the company to 1.1 per cent.-VNS

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