Finland fund raises DLG stake Business

Finland fund raises DLG stake

Finland's PYN Elite Fund (Non-Ucits) this week bought more than 3.66 million shares of Duc Long Gia Lai Group JSC (DLG), increasing its holding to over 17.2 shares, a 10.18 percent stake.

Market hails regulation allowing open-end funds

The Ministry of Finance has issued Circular No 183 guiding the establishment and management of open-end funds – a move hailed by many who hope the new regulations to help retain foreign investments, which are expected to leave the stock market along with the closure of many funds next year.