Temasek buys 1.1tr dong of HAG convertible bonds

On August 31, the Board of Hoang Anh Gia Lai JSC (HAG) handed convertible bond – owned certificate for potential investor with total value of 1.1 trillion dong.

Accordingly, the firm sold 1.1 million convertible bonds at par to Northbrooks Investments (Mauritius) Pte Ltd, a unit of Temasek Holdings (Singapore).

The money from the issuance will be used for rubber plant (400 billion dong), hydropower plant (300 billion), iron ore (200 billion) and working capital supplementation (200 billion), said Doan Nguyen Duc, HAG chair of management board.

At the same time, the firm introduced restructure plan and investment chances to its shareholders and potential investors.

Tags: , , , ,

Posted by VBN on Sep 6 2010. Filed under Stock. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

You must be logged in to post a comment Login