PNJ Chairman's daughter plans to spend nearly 390 billion VND to buy shares

The transaction is expected to be executed from December 18, 2024 to January 16, 2025 through negotiation/order matching.

If the transaction is successful, Ms. Thao will own 3.51% of PNJ's charter capital.

Ms. Tran Phuong Ngoc Thao - Vice Chairman of the Board of Directors of Phu Nhuan Jewelry Joint Stock Company (code PNJ, HoSE) has just announced the registration to buy 4 million shares to increase the ownership ratio. The transaction is expected to be carried out from December 18, 2024 to January 16, 2025 through negotiation/order matching.

Before the transaction was made, Ms. Thao was holding nearly 7.9 million PNJ shares, equivalent to 2.33% of Phu Nhuan Jewelry's capital. If the transaction is successful, Ms. Thao will increase her ownership to nearly 11.9 million shares, equivalent to 3.51% of charter capital.

Based on the closing price of PNJ shares on December 12, 2024, which was VND96,800/share, it is estimated that Ms. Thao will have to spend about VND387 billion to buy the above shares. Ms. Tran Phuong Ngoc Thao is the eldest daughter of Chairman of the Board of Directors Cao Thi Ngoc Dung. Ms. Dung currently owns more than 9.6 million PNJ shares, equivalent to 2.85%. In addition, Ms. Dung's two other daughters also own a large number of PNJ shares. Accordingly, Ms. Tran Phuong Ngoc Giao (holding nearly 9.7 million shares, equivalent to 2.86%) and Ms. Tran Phuong Ngoc Ha (holding nearly 12.3 million shares, equivalent to 3.63%).

On the stock market, PNJ stock price is currently at VND96,800/share, up 15% compared to the end of last year.

According to the business results of October 2024, the company recorded net revenue of VND 32,371 billion, up 22.7% over the same period and profit after tax of VND 1,600 billion, up 4.4% over the same period. Thus, with the 2024 business plan of VND 37,148 billion in revenue and VND 2,089 billion in profit, the company has completed 87.1% of the revenue plan and 76.6% of the profit plan.

The average gross profit margin in the first 10 months of 2024 reached 16.9%, down from 18.5% in the same period in 2023. As of the end of October, PNJ owned a system of 421 stores nationwide, an increase of 3 locations compared to the previous month. In total, since the beginning of the year, the company has opened 32 new stores and closed 11 other points of sale - of which, PNJ has 412 PNJ stores, 5 Style by PNJ stores, 3 CAO Fine Jewellery stores; 1 wholesale center.

Source: https://baodautu.vn/ai-nu-nha-chu-tich-pnj-du-chi-gan-390-ty-dong-mua-co-phieu-d232429.html