Temasek to invest $55m into HAG’s rubber sector

Singapore-based Temasek Group and Hoang Anh Gia Lai Group Joint Stock Co (HAG) have recently signed a principle deal whereby Temasek will invest $55 million in HAG’s rubber industry.

Two signatories are discussing terms of a detailed contract which is expected to be finished in June, Vo Truong Son, HAG’s deputy general director in charge of Finance said.

In the future, Temasek will become a shareholder of Rubber Corp, one of five member corporations of HAG. Along with the $55 million investment in convertible bonds issued in August 2010 by HAG, total amount of money Temasek invested in HAG’s subsidiaries so far has been $110 million. – DTCK

Tags: HAGL, rubber sector, Temasek

Posted by VBN on Jun 6 2011. Filed under Agriculture. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry