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[SITUATION] · [ACTIVE] · [BUSINESS]

2 clusters · 5 sources · 9 days · First seen · Last updated

PNJ financial adjustments and share sales

Overview

Phu Nhuan Jewelry Joint Stock Company (PNJ) has undergone significant financial adjustments and ownership changes. The company reported a 38% decrease in its 2026 semi-annual post-tax profit, falling to approximately 728.5 billion VND. This decline was driven by approximately 3,684 billion VND in provisions, including inventory devaluation and losses related to product buyback policies.

To address working capital needs, PNJ’s Board of Directors approved a plan to borrow capital from Chairwoman Cao Thi Ngoc Dung, with a maximum limit of 5% of total assets. To facilitate this loan, the Chairwoman’s daughters, Tran Phuong Ngoc Ha and Tran Phuong Ngoc Thao, registered to sell a combined 25 million shares.

By September 11, Vice Chairwoman Tran Phuong Ngoc Thao completed the sale of 7 million shares via a negotiated transaction, retaining over 11 million shares. The remaining planned sale of 18 million shares by Tran Phuong Ngoc Ha is expected to reduce her ownership to 0.08%.

Entities

Cao Thi Ngoc Dung · Tran Phuong Ngoc Ha · Tran Phuong Ngoc Thao · Phu Nhuan Jewelry Joint Stock Company · PNJ

Timeline

  1. 1 day ago

    [BUSINESS] 4 sources
    PNJ Vice Chairwoman completes sale of 7 million shares

    PNJ Vice Chairwoman Tran Phuong Ngoc Thao sold 7 million shares to provide capital for a loan from Chairwoman Cao Thi Ngoc Dung to support company working capital.

  2. 10 days ago

    [BUSINESS] 3 sources
    PNJ reports large provisions and major share sales by Chairwoman's daughters

    PNJ reported a profit drop due to 3,684 billion VND in provisions while the Chairwoman's daughters plan to sell 25 million shares to fund a capital loan from the Chairwoman.

Sources

cafebiz.vn · cafef.vn · kenh14.vn · mekongasean.vn · soha.vn