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SINGAPORE: Vietnam's HAGL Group said it plans to sell convertible bonds worth 1.1 trillion dong or about US$57.6 million to Temasek Holdings.
The group, based in Vietnam's Central Highlands, said it is taking steps toward the bond issue.
Proceeds, together with profits from property investments, would go toward expanding its business and ensuring a safe debt ratio.
Responding to MediaCorp, a Temasek spokesman has confirmed that it is in talks with the company.
But Temasek has not signed the agreement.
The Singapore investment company took a 10 per cent stake in Minh Phu Seafood Joint Stock Company, Vietnam's largest shrimp processor and exporter, in 2007. - CNA/vm
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