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-HAGL purchased stake from Credit Suisse.

Global Banking News-August 6, 2012--HAGL purchased stake from Credit Suisse(C)2012 ENPublishing -

Global Banking News - 06 August 2012

Vietnam-based Hoang Anh Gia Lai Joint Stock Corp (HAGL) purchased its own stocks from Credit Suisse (NYSE: 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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Publication:Global Banking News (GBN)
Date:Aug 6, 2012
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