Tuesday, 29/03/2011 18:31

HAG: HAGL’s GDRs listed on the London Stock Exchange

On March 23, 2011, total of 24,324,375 Global Depository Receipts (GDRs) of HAGL Joint Stock Company (HOSE: HAG) were listed and officially traded on the London Stock Exchange. These GDRs were issued based on 16,216,250 common shares, which HAGL privately issued to Deutsche Bank Trust Company Americas on December 17, 2010 at VND72,000/share, and 8,108,125 bonus shares, which HAGL issued to the existing shareholders on January 26, 2011 with a ratio of 2:1.

Deutsche Bank Trust Company Americas is a depository bank authorized to issue GDRs. The business consulting companies include Elara Capital and Sacombank Securities Company (SBS); and the legal consulting company is Mayer Brown International LLP.

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