Hoang Anh Gia Lai Raises $56.5 Million With London GDR Listing
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HAGL Joint Stock Co., Vietnam’s second-biggest listed property developer, became the first company from the country to list global depository receipts with a $56.5 million sale on the London Stock Exchange today.
Proceeds from the issue will be used by the company, also known as Hoang Anh Gia Lai Joint-Stock Co., in financing some of its rubber plantation and hydropower projects, it said in a regulatory announcement.