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 per cent 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 51per cent 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 Viet Nam Fumigation Joint Stock Company.
On December 29, PDN shares closed at VND35,200(US$1.65), while SSI shares ended at VND25.9 ($1.21) on the HCM City Stock Exchange.