Business

SSI holds over 20 percent stake in PDN

Saigon Securities Inc (SSI) bought 111,730 shares, with an option to purchase another 615,180 shares, in Dong Nai Port Joint Stock Company (PDN) on December 25 and 26.
Saigon Securities Inc (SSI) bought 111,730 shares, with an option topurchase another 615,180 shares, in Dong Nai Port Joint Stock Company(PDN) on December 25 and 26.

At the same time, SSI sold 15,000 PDN shares.

Followingthe transaction, SSI now owns more than 2.47 million shares, or 20.1percent of the stake in PDN, which specialises in transportation andwarehousing in the southern province of Dong Nai.

With the stock purchase, PDN and SSI became associate companies.

The largest shareholder in PDN is Sonadezi Corporation, with a 51percent stake.
Previously, SSI has been associated with other eight companies,including Pan Pacific Corporation, Binh Thanh Import - Export Productionand Trade JSC, Southern Seed Corporation , Long An Food ProcessingExport Joint Stock Company, Electronics Communications TechnologyInvestment Development Corporation, Transimex-Saigon Corporation, BibicaCorporation and Vietnam Fumigation Joint Stock Company.

OnDecember 29, PDN shares closed at 35,200 VND (1.65 USD), while SSIshares ended at 25.9 VND (1.21 USD ) on the HCM City Stock Exchange.-VNA
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