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VietNamNews

Viet Nam Century Fund registers to buy HAG shares

Update: March, 07/2012 - 10:07

HCM CITY — The Viet Nam Century Fund, an investment fund managed by Jaccar Holdings, registered to buy an additional 11 million shares of property developer Hoang Anh Gia Lai Co (HAG) over the course of a month beginning tomorrow.

If the deal is completed, the fund would hold 15.56 million shares of HAG, or 3.33 per cent of its total charter capital. The fund's representative Vo Thi Huyen Lan is on the HAG board of directors.

On Monday, Deutsche Bank Trust Co Americas sold more than 12.4 million HAG shares, decreasing its holdings in HAG from 5.21 per cent to 2.54 per cent.-VNS

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