Director OF PYN ELITE FUND VISITED F.I.T MUTUAL ELITE

On April 15, Petri Deryng – Director of PYN Elite Fund took a visit to the headquarter of F.I.T Mutual Elite for sustainable cooperation.

PYN Elite Fund manages Mutual Elite Fund which is a big investor of F.I.T Mutual Elite. Mutual Elite Fund bought around 3 million F.I.T shares earlier in March after keeping almost 10% stake in F.I.T for a long time.

In the business meeting, F.I.T showed Mr. Petri its latest financial news; M&A disciplines (such as: investing in big industries, potential companies with high profitability); capabilities and strategies of its affiliates, joint ventures in the medium and long term.

A number of foreign partners, including ones of F.I.T and West Food, want to invest in the industries (such as agriculture, pharmaceuticals) F.I.T got interested, Phan Trung Phuong – Chairman of F.I.T said.

Mr. Petri highly appriciated F.I.T’s strategies and what F.I.T have done after investing and restructuring member corporations. This meeting gave him a clearer view in F.I.T and its ambitious strategies, he said. He also believed in its coming plans and committed to co-invest with F.I.T in the long term.

PYN Elite, which was founded in 1999, is a hedge fund investing in Asia market. Vietnam stock accounts for the biggest share of its assets.

In a recent interview with reporters, Mr. Petri said: “PYN Elite’s strategy is long-term investment, so we don’t like ‘hot’ stock. PYN Elite looks at market and corporation’s value in the next 5 -10 years, not only a quarter or one year.”

F.I.T Communication