Credit Suisse buys 13.64pct of Hoang Anh Gia Lai

June 07, 2013 | 14:30
(0) user say
Credit Suisse (Hong Kong) Limited announced it had purchased over 73.3 million shares of property developer Hoang Anh Gia Lai (HAG).
Photo howzit-hongkong.com

The deal was for the purpose of hedging transactions it had entered into with its off-shore clients, the business said earlier this week.

The amount of shares/fund certificates held by Credit Suisse Hong Kong after the transaction is equal to 13.64 per cent of Hoang Anh Gia Lai's outstanding shares.

It made Credit Suisse the second-largest shareholder after Doan Nguyen Duc, the Vietnamese company's chairman.

Before the transaction, the investor held only 12 per cent of HAG shares.

VNS

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional