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

VN sees great potential for development of electric motorbikes

Economy

Việt Nam expects a boom in affordable homes for low-income earners

Economy

350 exhibitors join Vietnam Medipharm Expo 2024

Economy

SBV turns on mood for market intervention to stabilise exchange rates

Economy

VN outlines strategy to boost domestic automobile industry

Economy

Việt Nam treasures multifaceted cooperation with Côte d'Ivoire: Deputy FM

More on this story

Economy

Reform doesn’t mean distorting policies: Deputy PM

The financial sector needs to work on a solution that helps reduce tax rates while still increase the total tax collection, said Deputy Minister Vương Đình Huệ.

Economy

Central bank triples net injection to $1.96 billion

Demand for the Vietnamese đồng has surged significantly recently, pushing up interest rates in the inter-bank market.

Economy

Việt Nam attends Asia’s food fair in Singapore

Vietnamese firms specialised in rice, coffee and spice are taking part in the 2018 Specialty and Fine Food Asia (SFFA 2018), which opened on July 17 in Singapore.

Economy

Over 254 million tonnes of cargo handled via ports in H1

Up to 254.8 million tonnes of cargo were handled via seaports during the first half of this year, up 17 per cent year on year, the Việt Nam Maritime Administration (VMA) has reported.

Economy

Blockchain, a diamond mind, in industrial revolution 4.0

Blockchain is the main basis for the fourth industrial revolution, is a “diamond mine” which Việt Nam needs to develop industries.

Economy

Shares rise for four consecutive sessions

Shares rose for the fourth consecutive session on Tuesday with an improvement of liquidity, largely on the strength of a handful of banking and individual blue-chips.

Economy

India to hold fiber exhibition

Source India 2018, India's largest manmade fiber exhibition, is expected tol provide opportunities for Vietnamese textile firms to network and strengthen business relationships, Shri P. Harish, Ambassador of India to Viet Nam, said at a business meeting yesterday (July 17) in HCM City.

Economy

Seminar pushes digital transformation

The Việt Nam Information and Communication Technologies Outlook (VIO 2018) seminar to be held in HCM City on July 25 and 26 is expected to provide IT companies and businesses with an opportunity to connect and expand the market for Vietnamese ICT products.