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Real estate giant joins HOSE
The country’s leading real estate company Hoang Anh Gia Lai joint stock company (HAG) on December 22 officially listed its shares on the Ho Chi Minh Stock Exchange (HOSE).
The company’s shares, coded HAG, were traded at 48,000 VND per unit during their first day of transaction.
This leading property enterprise close to 1.8 trillion VND in charter capital and runs 23 subsidiary companies and five joint ventures nationwide.
Starting from the furniture and interior decoration business, the firm took off when it expanded into real estate.
It has since tried its hand in rubber plantation and production, hydroelectric investment and mineral exploitation.
The name Hoang Anh – Gia Lai has gone beyond the national border as the company started investment projects in Thailand , Laos and cooperation in training talented footballers with the UK ’s Arsenal football club.
From now to 2012, the company plans to grow 30,000 ha of rubber trees in Central Highlands provinces and southern Laos , build nine hydropower plants with a total capacity of 248 MW. It also aims to put on the market of 2.5 million sq.m of apartments and offices for lease by that time.
vna
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