Pyn Elite Fund invests nearly 70 billion VND to acquire millions of shares of two seafood and plastics companies.

In recent times, the Pyn Elite Fund has been consistently active in purchasing stocks from various companies.

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In the latest announcement, the foreign fund PYN Elite Fund from Finland reported buying over 2.3 million shares of ASM from Sao Mai Group in the trading session on February 29. After the transaction, the foreign fund from Finland increased its ownership at ASM from 23.54 million shares (6.995% ownership) to 25.85 million shares (7.68% ownership).

In the trading session on February 29, the shares of ASM had negotiated transactions with a quantity exactly matching the number of shares PYN Elite Fund bought, with a total trading value of over VND 26 billion (average price of VND 11,270/share).

In the market, the shares of ASM closed the session on March 6 at VND 11,250/share, an 8% increase since the beginning of the year.

Also on February 29, the fund from Finland reported buying 3.75 million shares of AAA from An Phat Xanh Plastic Joint Stock Company. After the transaction, the foreign fund from Finland increased its ownership at AAA from 16.4 million shares (4.3% ownership) to 20.2 million shares (5.28% ownership), thereby officially becoming a major shareholder in this plastic company.

Similar to ASM, the shares of AAA in the trading session on February 29 had negotiated transactions with a quantity exactly matching the number of shares PYN Elite Fund bought, with a total trading value of nearly VND 42 billion (average price of VND 11,170/share).

Meanwhile, in the market, the shares of AAA closed the session on March 6 at VND 11,100/share, a more than 17% increase since the beginning of 2024.

Recently, PYN Elite Fund has continuously made buying moves. In the case of Sao Mai seafood company, the foreign fund bought nearly 4 million shares of ASM in the trading session on January 15, and then continued to buy 4.16 million shares of ASM in the trading session on February 22.

At the beginning of 2024, PYN Elite Fund was the only investor to buy all 7.1 million undistributed shares of Deo Ca Traffic Infrastructure Investment Company (HHV). The redemption price is VND 11,000/share, corresponding to more than VND 78 billion that PYN Elite Fund needs to spend.

In addition, PYN Elite Fund also announced an investment in DNSE Securities Joint Stock Company with an equivalent value of 12% of DNSE capital.

SOURCEcafef
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