Vietnam goes global as HAGL prices in London

25 Mar 2011

Vietnamese conglomerate Hoang Anh Gia Lai (HAGL) on Wednesday became the first company from the country to list on the London Stock Exchange. It raised $60m from the deal via lead manager and global coordinator Elara Capital.

The largest private sector company in Vietnam, with a market capitalisation of $1.23bn, HAGL is the first Vietnamese firm to issue equity outside the country.

As well as being one of Vietnam’s largest property developers, HAGL is involved in hydroelectric power, forestry, minerals, iron ore mining, rubber and latex ...

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