Because of personal needs, Ms. Cao Thi Ngoc Dung - Chairman of the Board of Directors of Phu Nhuan Jewelry Joint Stock Company (HOSE: PNJ) registered to sell 5 million shares of PNJ during December 14, 2021 - January 12, 2022.
If the transaction is done successfully, the Chairman of PNJ will no longer be a major shareholder of the Company when reducing the ownership rate from 5,0014% (nearly 11.4 million shares) to 2,804% (nearly 6.4 million shares).
With PNJ stock price ending December 10, 2021 at 97,300 VND/share), it is estimated that PNJ Chairman can earn more than 486 billion VND.
Also during this period, from December 14 to 31, 2021, Mr. Cao Ngoc Duy - Mrs. Dung's younger brother registered to buy 4.5 million shares of PNJ for personal needs.
If the Chairman's brother's transaction is successful, Mr. Duy will probably have to spend nearly 438 billion VND to raise his ownership in PNJ from 0.9962% (nearly 2.3 million shares) to 2,9732% (nearly 6.8 million shares).
On the stock exchange, after peaking at 110,112 dong/share (November 15), the market price of PNJ began to plunge to only 90,634 dong/share (December 6). Currently, PNJ shares started to rebound, ending December 10 at 97,300 VND/shareRelaet.Relate post:
