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Notably, Pyn Elite Fund (Non-Ucits) filed an ownership change for SHS, the Saigon-Hanoi Securities Joint Stock Company (SHS, ticker: SHS, listed on the Hanoi Stock Exchange). During the trading session on 16 April 2026, Pyn Elite Fund purchased 3 million SHS shares on the market, increasing its stake from nearly 70.9 million shares (7.88%) to nearly 73.9 million shares (8.21%).
The foreign fund has continued to accumulate SHS shares in recent periods. On 25 March 2026, it bought about 2.9 million SHS shares. On 31 March 2026, it acquired 15 million SHS shares via on-market purchases. By 1 April 2026, the fund had bought a total of 8 million shares.
Separately, SHS has approved a plan to issue bonds to the public in 2026. The company plans to offer 50 million bonds under code SHS2Y202601. The bonds are non-convertible, without warrants, and unsecured.
For the first two interest periods, the bond interest rate will be fixed at 7.8% per year. For subsequent periods, interest will be floating, calculated as the sum of the reference rate plus a 3% per annum margin. SHS stated that the proceeds will be used for the company’s stated purposes.
As of Q1 2026, SHS reported operating revenue of nearly VND 564.7 billion, up modestly from the same period last year. After tax and fees, the company posted net profit of over VND 231.8 billion.
As of 31 March 2026, SHS’s total assets declined 2.9% year-to-date to over VND 22,367.4 billion. Total liabilities fell from VND 10,429.6 billion to VND 9,631.5 billion.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
