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GEM commits investment worth VND 1,700 billion in HAG
Hoang Anh Gia Lai Group (HOSE: HAG) on Thursday announced that US-based investment group Global Emerging Markets (GEM) officially signed an investment agreement worth up to VND 1,700 billion (approximately U.S. $80 million) to invest in HAG. The investment commitment is expected to be completed within the next three months.
HAG, a Vietnam-based leading multi-sector conglomerate, currently owns more than 100,000 hectares of land and has planted approximately 75,000 hectares of rubber, sugarcane, corn and palm trees in the Indochina region, and it is on the way to complete its palm oil processing plant in Cambodia and sugar industrial complex in Laos by 2015. The rest of the land will be used for dairy and beef cattle breeding, as well as growing more palm trees.
Recently, HAG has cooperated with Vietnam’s market leader in dairy manufacturing and food processing to raise cows and bulls for both meat and milk production in the central highlands of Vietnam, Laos and Cambodiato meet both domestic and export demands.
“We are delighted to have GEM as a shareholder and strategic investor. Our results to date suggest that agricultural business in the Indochina region is on the right track and could have enormous potential for future growth. GEM’s financing and support will allow us to explore growth possibilities further, especially paving the way for major investments from other US-based investors”, said Mr. Doan Nguyen Duc - Chairman and Founder of HAG.
The investment agreement was advised and successfully arranged by Asia Global Capital Group (New York City, USA) and Bamboo Capital Group (Ho Chi Minh City, Vietnam).
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Hoang Anh Gia Lai Group
Established in 1993 as a small wooden furniture producer named Hoang Anh Pleiku private enterprise by Mr. Doan Nguyen Duc in Gia Lai province, Hoang Anh Gia Lai Group is now one of Vietnam's largest diversified companies with total market capitalization of U.S. $1 billion. As well as being one of the largest property developers in Vietnam and Myanmar, the company is also one of the biggest agricultural development companies in Asia by the enormous of its farm land portfolio. The company also owns the soccer club, which bears its name, and HAGL-Arsenal-JMG Football Academy. Further information on Hoang Anh Gia Lai Group can be found at www.hagl.com.vn
Global Emerging Markets (GEM)
Global Emerging Markets (GEM) is a global diversified investment group of USD 3.4 billion that has successfully invested in 365 transactions in 67 countries. Some of the investment funds of GEM are CITIC/GEM Fund, VC Bank/GEM Mena Fund*, Kinderhook, GEM Global Yield Fund, GEM India Advisors. Further information on GEM can be found at www.gemny.com
*GEM exited both its LP and GP stakes in Q1, 2010
Asia Global Capital Group
Asia Global Capital Group (“AGCG”) is a US-based Asia-Pacific focused merchant bank, global financial and strategic management consulting firm, specializing in providing advisory services in cross-border M&A, asset development, recapitalization, private equity and investment banking. AGCG also actively invests in real estate, food & beverages, marine transport, bio/pharma, energy and mining sectors in emerging growth Southeast Asia markets. Further information on AGCG can be found at www.aglobalcapital.com
Bamboo Capital Group
Bamboo Capital Group (“BCG”) is one of Vietnam’s market leaders in investment banking services with sophisticated and value-added products, including equity market, fixed income, pre-IPO offering, global depository receipts (GDR) and project financing and cross-border M&A. BCG provides consulting services to a wide variety of clients in the insurance, real estate, agriculture, pharmaceutical, automobile, energy and mining sectors in Indochina region. Further information on BCG can be found at www.bamboocap.com.vn
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