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VGC [NON-RATED] - Preparing for capital raising in 2017 - Retail Research

We recently attended VGC’s management meeting in Hanoi. The company is sprinting to move from Upcom to list on the HNX to support its efforts to raise an additional VND1,200 billion (USD52.8 million) of equity capital. VGC also showed us its investment plan to achieve strong business growth from 2017-2020.