Leading global law firm Mayer Brown advised Elara Capital Plc as sole lead manager and bookrunner in relation to the listing by Hoang Anh Gia Lai Joint Stock Company (HAGL), one of the largest private companies in Vietnam, on the Official List of the UK Listing Authority and to trading on the London Stock Exchange- the first overseas listing for a Vietnamese company.
Elara Capital Plc is a full service investment bank, with offices in Mumbai, Singapore, New York, Mauritius and London which caters to the funding requirements of growing medium and large corporations from emerging markets.
Established in 1993 as a small wooden furniture producer, HAGL is now one of Vietnam’s largest private companies. As well as being one of Vietnam’s largest property developers, the company is also involved in rubber, hydro power and iron ore mining. HAGL also runs a football club which has entered into a strategic partnership with Arsenal FC.
Mayer Brown advised on the listing by HAGL of up to 200,000,000 global depositary receipts (GDRs) on the Official List of the UK Listing Authority and the admission of 24,324,375 GDRs to trading on the London Stock Exchange’s Professional Securities Market.
Drew Salvest, a Capital Markets partner at Mayer Brown, said: “Mayer Brown’s capital markets team in London and Vietnam were pleased to be involved in this groundbreaking debut London listing for a Vietnamese company. We expect that HAGL’s clearing of the hurdles of the London listing process will encourage other Vietnamese companies to consider the benefits of listing in London when raising capital internationally.”
The Mayer Brown team was led by London partners Drew Salvest, John Taylor and Paul de Bernier, assisted by associate Simon Allison. A team from Mayer Brown JSM’s Hanoi office, led by Hoang Anh Nguyen with support from associate Cuong Manh Nguyen, advised on Vietnamese law.
Deutsche Bank Trust Company Americas has been appointed as depositary bank and Sacombank Securities JSC acted as financial adviser to HAGL.
Related Posts:
- None Found