PENM IV registered to buy more than 6% of Taseco Airs (AST) shares

Currently, PENM IV owns 3.6 million AST shares, equivalent to 10%. If the transaction is successful, PENM IV will hold 5.8 million AST shares, equivalent to 16.11%.

According to information from the Ho Chi Minh City Stock Exchange (HoSE), PENM IV Germany GmbH & Co. Kg (PENM IV) fund has just registered to buy 2.2 million shares of Taseco Air Services - Taseco Airs (Stock code: AST) in the period from December 21, 2018 to January 18, 2019 through negotiation or order matching.

Currently, PENM IV owns 3.6 million AST shares, equivalent to 10%. If the transaction is successful, PENM IV will hold 5.8 million AST shares, equivalent to 16.11%.

Previously, at the end of November, Thang Long Aviation Services JSC bought 1.5 million AST shares, increasing its ownership ratio to 64.17%, equivalent to 23.1 million shares.

At the end of the trading session on December 18, AST's market price reached VND 70,900/share, up 24% compared to the bottom set in May.

Taseco is a business operating in the non-aviation sector (grocery, souvenir, duty-free goods and other services... at the airport), with the Lucky brand including: Lucky café, Lucky café & fastfood, Lucky restaurant, Lucky Souvenir Shop, Lucky Gift shop... and the JDV duty-free brand (a joint venture between Taseco Airs and Japanese partner - Jalux). Taseco shares were listed on HoSE in January 2018.

According to the consolidated business results report for the first 9 months of the year, Taseco recorded net revenue of VND642 billion, up 34%; Profit after tax of the parent company reached VND119 billion, up 8% over the same period last year. Earnings per share (EPS) for the first 9 months reached VND3,300.

AST stock performance since listing

According to cafef.vn