-HAGL purchased stake from Credit Suisse.
Global Banking News-August 6, 2012--HAGL purchased stake from Credit Suisse(C)2012 ENPublishing - http://www.enpublishing.co.uk
Global Banking News - 06 August 2012
Vietnam-based Hoang Anh Gia Lai Hoang Anh Gia Lai (Vietnamese: Câu lạc bộ bóng đá Hoàng Anh Gia Lai) is a Vietnamese football club based in Pleiku. They play in the top division in Vietnamese football. Their home stadium is Pleiku Stadium. Joint Stock Corp (HAGL) purchased its own stocks from Credit Suisse (NYSE NYSE
See: New York Stock Exchange : CS) last month.
The firm made the purchase in a transaction worth USD15m. The total value of the buyback is equal to 97 percent of the total face values of those stocks.
HAGL said that it would continue the buyback to reduce exchange rate risks.
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