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.

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

Following the transaction, SSI now owns more than 2.47 million shares, or 20.1 percent of the stake in PDN, which specialises in transportation and warehousing 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 Production and Trade JSC, Southern Seed Corporation , Long An Food Processing Export Joint Stock Company, Electronics Communications Technology Investment Development Corporation, Transimex-Saigon Corporation, Bibica Corporation and Vietnam Fumigation Joint Stock Company.

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