GEM invests $80m in Hoang Anh Gia Lai Group

The US-based Global Emerging Markets Fund (GEM) will be investing VND 1700 billion ($80 million) in Hoang Anh Gia Lai JSC (HAGL). According to the terms of the deal, GEM will acquire 10% stake in HAGL mainly through the acquisition of shares from shareholders and existing investors. This transaction is expected to be completed within three months.

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