Pyn Elite Fund becomes CMC Group’s big shareholder (CMG)

The Finland-based Pyn Elite Fund has announced it will buy 61,750 shares of CMC Group (CMG) to bring its ownership at the group to 5.08 per cent (equivalent to 5.08 million shares), according to the Ho Chi Minh Stock Exchange (HOSE).

According to the group’s financial report in April to June 2020, its net income rose by 5 per cent from the same period last year to VND1.05 trillion while its after-tax profit was double to VND43 billion.

CMC said the high growth was contributed by solution and technology business (67 per cent year-on-year increase of profit). Its global business started to report profit with a hike of 126 per cent from the same period last year.

CMC is one of the biggest IT and telecom groups in Viet Nam. Established in 1993, CMC operates in three main sectors including technology and solution, global business and telecommunications.

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