HAG: HAGL receives the Investment License in Myanmar

On November 30, 2012, Chairman of Myanmar’s Investment Committee U Soe Thane granted Investment License for “Hoang Anh Gia Lai Myanmar Centre” to Mr. Le Hung, CEO of HAGL Land. The project is located on an area of 8 hectares, near the ancient capital – Yangon, and includes trade center, hotel and apartments for lease. Total investment for the project is worth US$300 million. The project is divided into two phases. In the first phase of three years, HAGL will build Trade Center, Office Building No.1 and Five-star Hotel. In the second phase, HAGL will build Apartment Building, Office Building No.2. The construction of project is expected to last from six to seven years.

HOSE

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