HAGL asks for shareholders’ approval

July 19, 2018 - 09:00

Agriculture-farming group Hoàng Anh Gia Lai (HAGL) will finalise the list of shareholders on August 2 to collect feedback for the upcoming private share issuance, planned for six days later.

Agriculture-farming group Hoàng Anh Gia Lai (HAGL) will finalise the list of shareholders on August 2 to collect feedback for the upcoming private share issuance, planned for six days later.— Photo cafef.vn

HÀ NỘI — Agriculture-farming group Hoàng Anh Gia Lai (HAGL) will finalise the list of shareholders on August 2 to collect feedback for the upcoming private share issuance, planned for six days later.

The group is listing on the HCM Stock Exchange with code HAG, soaring 6.7 per cent on Wednesday to close at VNĐ6,330 (US$0.28) per share.

The firm shares have rallied totaling 30 per cent in the last five consecutive sessions.

At its annual shareholder meeting last month, HAGL targeted VNĐ6.2 trillion in total revenue for 2018 and VNĐ200 billion in pre-tax profit.

The company plan to focus on its fruit industry, which was expected to contribute nearly VNĐ4 trillion or 64 per cent of its total revenue.

HAGL had been working with potential investors to raise funds for the second development stage of the Hoàng Anh Gia Lai Myanmar Centre project by selling parts of its ownership in the project to potential investors. — VNS

Tags Vietnam shareholders approval Vietnam News HAGL news private share issuance

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