PNJ plans massive share issuance amid corporate restructuring

Phu Nhuan Jewelry Joint Stock Company (PNJ) is undergoing significant corporate restructuring amid financial challenges. The company has announced plans for a massive private placement of up to 550 million common shares, a volume exceeding its current 511 million shares in circulation. This move aims to raise capital to support business operations and adjust policies regarding product buybacks. Additionally, PNJ intends to repatriate over 4,600 billion VND from its investment and development fund into undistributed post-tax profits.

The restructuring follows a period of financial volatility, including reported losses and a significant drop in market capitalization. The company's stock price has faced downward pressure, and family members of the Chairwoman, Cao Thi Ngoc Dung, have recently engaged in large-scale share sales to provide liquidity to the business.

In broader economic news, Vietnam's digital technology industry continues to grow, with revenue for the first nine months of 2026 estimated at over 5.38 quadrillion VND. Meanwhile, the labor market in Ho Chi Minh City faces a shortage of technical workers despite high wage offerings, and the Ministry of Science and Technology reported significant progress in digital transformation and international scientific publications.