The daughter of the PNJ chairman spent nearly 400 billion VND to buy shares.
Báo Tuổi Trẻ•16/01/2025
Ms. Tran Phuong Ngoc Thao, daughter of the PNJ chairman, has just completed the purchase of 4 million PNJ shares. The estimated amount spent to increase her ownership stake is approximately 380 billion VND.
PNJ is a major gold and silver trading company in the market - Photo: PNJ
Ms. Tran Phuong Ngoc Thao, Vice Chairwoman of the Board of Directors of PNJ and daughter of Ms. Cao Thi Ngoc Dung, Chairwoman of the Board of Directors of the same company, has submitted a report to the Securities Commission regarding her stock transactions. According to the report, Ms. Thao completed the purchase of 4 million PNJ shares between December 19, 2024, and January 14, 2025. Based on the value during this period, it is estimated that Ms. Thao spent approximately 380 billion VND to increase her ownership stake from 2.33% to 3.51% of the charter capital. On the stock market, PNJ shares are trading at 95,100 VND per share, an increase of over 12% after one year. According to the annual report, Ms. Tran Phuong Ngoc Thao, born in 1984, holds a Bachelor's degree in Economics and Business Administration from Oxford University (UK) and a PhD in Economics from Harvard University (USA). Since 2019, Ms. Thao has joined PNJ as a senior director of digital transformation.
From June 2020 to April 2023, Ms. Thao served as a member of the Board of Directors of PNJ. Simultaneously, from 2022, she also held the position of Chairman of PNJ Inspection Company Limited (PNJL). In April 2023, Ms. Thao officially assumed the position of Vice Chairman of the Board of Directors of PNJ . PNJ's governance report shows that besides Ms. Thao, Ms. Cao Thi Ngoc Dung has two other daughters, Tran Phuong Ngoc Giao and Tran Phuong Ngoc Ha, and a son-in-law, Nguyen Minh Luan. Regarding business results, PNJ reported that in the first 10 months of 2024, net revenue reached VND 32,371 billion and after-tax profit reached VND 1,600 billion, increasing by 22.7% and 4.4% respectively compared to the same period. However, for the first 10 months of 2024, PNJ's average gross profit margin reached 16.9%, down from 18.5% in the same period of 2023.
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