PENM III Fund registered to sell HPG shares due to the fund’s close deadline

On November 24^th, 2020, PENM III fund sent a notice the Ho Chi Minh Stock Exchange (HoSE) for registration to sell 76.5 million HPG shares.

PENM Fund said it always believes, supports and being a long-term partner of Hoa Phat Group

A representative from PENM Partners told Board of Directors of Hoa Phat Group that investment in HPG is their most profitable investment. PENM III fund has to register to sell HPG because it has been in operation for 10 years. The deadline to close the fund will be in 2021. PENN commits to invest in HPG in a long-term period with existing funds and new funds in the future.

PENM Partners has invested in HPG shares for years through funds such as PENM II, PENM III and PENM IV since 2008. PENM III now owns 76.5 million HPG shares while PENM IV fund has 39 million HPG shares.

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