The Finnish investment fund, Pyn Elite Fund (Non-Ucits), has recently filed reports on its sale of shares and its exit as a major shareholder in Ha Xaco Joint Stock Company (Haxaco), trading under the symbol HAX on the HoSE exchange.
On August 5, 2025, Pyn Elite Fund sold 5 million HAX shares on the open market, reducing its holdings from over 10.8 million to 5.8 million shares. This transaction decreased their ownership stake in Haxaco from 10.7% to 5.42%.
Based on the closing price of HAX shares on August 5, 2025, which was 15,450 VND per share, the Finnish fund is estimated to have garnered nearly VND 77.3 billion from this sale.
Illustrative image
Just a day later, on August 6, 2025, Pyn Elite Fund sold an additional 1.6 million HAX shares, bringing their total holdings down to over 4.2 million shares. This reduced their ownership stake to 3.93%, officially exiting their position as a major shareholder in Haxaco.
Using the closing price of HAX shares on August 6, 2025, which was 15,150 VND per share, the fund is estimated to have earned more than VND 24.2 billion from this transaction.
In a similar move, on August 5, 2025, the Cayman Islands-based fund, AFC VF Limited, also sold 480,000 HAX shares, reducing their holdings from over 5.47 million to 4.99 million shares. This decreased their ownership stake from 5.09% to 4.64%, also exiting their position as a major shareholder in Haxaco.
In other news, Haxaco recently announced that the auction for a plot of land on Vo Van Kiet Street, An Lac Ward, Binh Tan District, Ho Chi Minh City, with a total area of 6,282.6 sq. m., was unsuccessful.
The minimum transfer price for the land was set at VND 1,130.8 billion, equivalent to VND 180 million per square meter. According to Vietnam Auction Joint Stock Company’s Ho Chi Minh City branch, no customers purchased the auction documents or submitted the required deposits by the July 31, 2025, 5:00 PM deadline.
As a result, the land will be put up for auction again on August 5, 2025, at 9:00 AM.
In its consolidated financial statements for the second quarter of 2025, Haxaco recognized VND 542.2 billion in value from the transfer of the land use rights for this plot.
It is worth noting that the initial area of the land was 5,798.1 sq. m., and it was intended for the N&T Tower apartment project of N&T Investment Joint Stock Company and Mr. Bui Trung Quan. Haxaco acquired this land in 2022 for a maximum transfer value of VND 470 billion, with the aim of developing a complex for car business, offices, and high-end apartments.
Subsequently, in November 2024, the company expanded its land bank by purchasing an additional adjacent land plot of 484.5 sq. m. from Mr. Do Tien Dung, the Chairman of the company’s Board of Directors, for nearly VND 72.7 billion.
Dabaco Leadership Registers to Sell 500,000 DBC Shares
Mr. Le Quoc Doan, a Board Member of Dabaco, has recently registered to sell 500,000 DBC shares to meet his personal financial obligations.
Foreign Sell-Off: 13th August Session Sees Massive Foreign Outflow of Over VND 1,500 Billion – Which Stocks Took the Biggest Hit?
“SHB stocks witnessed a significant boost in foreign investment today, as foreign investors net bought a substantial 130 billion VND worth of shares, making it the most actively traded stock in the market.”
The Retail Investors’ Surprise: Buying Spree in the Millions on August 13th – Which Stock is the “Hot Pick”?
The local brokers went against the foreign brokers and returned to net buying on the HOSE.
CII Completes Distribution of Nearly 77 Million Bonus Shares to Shareholders
On August 6, 2025, CII concluded its issuance of over 76.7 million bonus shares to 42,311 shareholders, successfully raising its charter capital from nearly VND 5,482 billion to over VND 6,249 billion.
The Foreign Sell-Off Continues: Over $30 Million in Net Selling as Banks See Buying Spree
The foreign investors’ sell-off trend continued in the Vietnamese market, with FPT stock witnessing the largest net sell-off, totaling an enormous VND 1.71 trillion.
