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HAG asks for shareholders’ approval

Jul 19th at 08:42
19-07-2018 08:42:38+07:00

HAG asks for shareholders’ approval

Agriculture-farming group Hoang 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 VND6,330 (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 VND6.2 trillion in total revenue for 2018 and VND200 billion in pre-tax profit.

The company plan to focus on its fruit industry, which was expected to contribute nearly VND4 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 Hoang Anh Gia Lai Myanmar Centre project by selling parts of its ownership in the project to potential investors.

bizhub

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