Developer intends to increase charter capital

Mar 28th at 13:13
28-03-2013 13:13:01+07:00

Developer intends to increase charter capital

Property developer Hoang Anh Gia Lai Co (HAG) announced its public offering of nearly 107.5 million shares at par value to increase its charter capital to VND6.45 trillion (US$307 million).

The remaining proceeds from the offering are expected to be allocated to overseas projects. HAG shares closed yesterday's session 1.4 per cent lower at VND27,700 ($1.3)

vietnamnews



NEWS SAME CATEGORY

Western Bank to merge with PetroVietnam Finance

The merger between Western Bank and PetroVietnam Finance (PVF) is moving ahead after Western Bank released the merging scheme prior to its shareholder meeting this...

Who are the buyers in M&A deals?

Foreign enterprises were believed to be the only investors financially capable enough to take over businesses in merger and acquisition (M&A) deals. However...

Berli Jucker plans Vietnam acquisition

Berli Jucker Pcl, a leading trading firm controlled by billionaire Charoen Sirivadhanabhakdi, said on Wednesday it planned to acquire a distribution centre in...

Vietnam moves ahead with the plan on merging two stock exchanges

The merger of the two stock exchanges of Hanoi and HCM City is expected to be decided in 2013, after the State Securities Commission (SSC) submits the merger plan...

Banks begin merger process

Eximbank (EIB) and Sacombank (STB) late yesterday signed a five-year co-operation agreement which will pave a way for a likely merger between two of the biggest...

Seafood processor kicks off M&A season

Seafood company Hung Vuong (HVG) has heated the merger and acquisition (M&A) market at the start of the new year by announcing a series of deals worth hundreds of...

What Vietinbank seeks when selling stakes to Japanese bank?

Commenting about the deal of Vietinbank, one of the Vietnamese biggest commercial bank, sells stakes to The Bank of Tokyo - Mitsubishi UFJ (BTMU), the Vietnamese...

Vietnam firm gets infusion from KKR

KKR & Co. has agreed to invest $200 million in Vietnamese sauce maker Masan Consumer Corp., marking the largest investment to date in Vietnam by a private-equity...

Southeast Asian business groups buying into Vietnamese firms

The merger and acquisitions (M&A) market in Vietnam is heating up thanks to the participation of big regional firms, who own majority stakes in local firms like...

With merger deal, Western Bank, PVFC, PetroVietnam have “happy ending"

The Prime Minister has given the nod to the plan on merging Western Bank into PetroVietnam Finance Corporation (PVFC). This proves to be the can’t-be-better way out...


MOST READ


Back To Top