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Tuesday, November 29, 2022

PNJ to issue over 82 million bonus shares

The Saigon Times

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HCMC – Phu Nhuan Jewelry JSC, which trades its shares on the Hochiminh Stock Exchange with stock code PNJ, will issue over 82 million bonus shares to raise its charter capital.

These shares will be issued at a ratio of 3:1, meaning that for every three shares held, stakeholders are entitled to one new share.

The share issue will be conducted in the fourth quarter of 2022 and the first quarter of 2023 if approved by the State Securities Commission of Vietnam, the local media reported.

After the share issue, the jewelry firm’s charter capital would increase to some VND3.1 trillion from VND2.3 trillion.

Between January and September, PNJ gained nearly VND25.6 trillion in net revenue and VND1.34 trillion in after-tax profit, skyrocketing 104% and 133% year-on-year, respectively.

PNJ continued its upward spiral to close up 0.4% today, November 9.

On the HCMC bourse, the VN-Index gained 3.94 points, or 0.4%, from the session earlier, at 985.59, with 245 winners and 178 losers. Over 580 million shares worth VND10.3 trillion changed hands.

Many bank stocks such as BID, CTG, HDB, VCB and VPB made strong gains. Lender STB lost, but took the lead by liquidity with nearly 36 million shares changing hands.

Upbeat investor sentiment sent the HNX-Index of the Hanoi bourse up 1.62 points, or 0.81%, against the previous session, at 201.39 at the close.

Among largecaps, oil and gas firm PVS ended in positive territory and was the most actively traded stock on bourse with 11.3 million shares.

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