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Phu Nhuan Jewelry Joint Stock Company (PNJ, ticker: PNJ) has announced plans to issue bonus shares to increase equity from shareholder funds. The company will issue 170.5 million bonus shares at a ratio of 2:1, meaning shareholders holding two shares will receive one additional share.
PNJ said the issuance will be funded from capital surplus and undistributed profits based on the most recently audited financial statements, totaling 1,705.7 billion dong. The record date for distributing the rights has not been announced.
PNJ noted that bonus shares issued to increase equity from shareholder funds are not subject to transfer restrictions, except for ESOP shares that are currently restricted from transfer.
If the issuance is completed as planned, PNJ’s charter capital will increase from 3,413 billion dong to 5,119 billion dong.
In a separate announcement, PNJ said Mr. Le Tri Thong will transfer the CEO position to Mr. Phan Quoc Cong effective from April 3, 2026. The transfer is expected to be carried out in early Q2 2026, after the peak business season, to support the completion of Q1 targets and maintain system-wide stability.
After the transition, Mr. Le Tri Thong will continue to serve as Vice Chairman of PNJ’s Board.
PNJ introduced Mr. Phan Quoc Cong as the new CEO. He was born in 1970 and has more than 30 years of experience in management and operations. He holds a Doctorate in Business Administration (DBA), an MBA, and a degree in Electrical Engineering.
PNJ also approved an increase in the charter capital of its subsidiary PNJ Jewelry Production and Trading Co., Ltd. (PNJP). PNJP’s current registered charter capital is 500 billion dong.
Under the approved plan, PNJP will increase charter capital by 500 billion dong, bringing charter capital after completion to 1,000 billion dong. The additional capital will be provided by the shareholder owner through additional equity contributions from PNJP’s after-tax profits.
The capital increase is expected to be completed between March and April 2026. PNJ further stated that its additional equity stake in PNJP will be allocated to individuals authorized by PNJ in proportion to each individual’s existing equity stake at the time of the increase.
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