Trần Phương Ngọc Giao, daughter of PNJ Chairwoman Cao Thị Ngọc Dung, had another 2,318,000 PNJ shares forced-sold by securities firms in the November 4 session, her third such sale in less than a month. In total, 7,095,800 shares, or 48.5% of her holding before the first sale, have been forced-sold, cutting her stake from 1.93% to 1.47% of charter capital. On the business side, PNJ reported Q3 2026 net revenue of nearly 6,995 billion VND, down 14%, while after-tax profit swung from a profit of nearly 496 billion VND to a loss of nearly 258 billion VND. Other family members had also sold large blocks of shares, and Chairwoman Dung said the sales were meant to raise funds for a loan to PNJ to supplement its operating capital.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Con gái Chủ tịch PNJ đã bị bán giải chấp gần nửa lượng cổ phiếu nắm giữ trong chưa đầy 1 tháng
Keywords
PNJearningsmargin lendinginsider trading
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Related tickers and likely impact
PNJ
▼ Likely negativePhu Nhuan Jewelry
Relevance: medium
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Retail |
| Industry | Specialty Retailers |
| Market cap | 7,548 bn VND |
| P/E | 4.5 |
| P/B | 0.57 |
| Close on 11/05/2026 | 15.15 |
| Change that session | +2.71% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Ms. Cao Thi Ngoc Dung: 'I had no choice but to sell PNJ shares'
At an extraordinary shareholder meeting on October 21, PNJ Chairwoman Cao Thi Ngoc Dung said her family sold shares only to fund the company after the July crisis linked to a former P-Lab director. Customer buybacks surged, with July buybacks reaching nearly VND6,000 billion, equal to all of 2025, and depleting cash buffers. Revenue fell 14% and third-quarter operations lost VND258 billion (before provisions), while PNJ needs VND100–150 billion monthly to run operations; her family has lent over VND700 billion. Banks have tightened credit and new loans carry high rates, and a share issue to existing shareholders is ineligible because operating results this year are expected to show heavy losses. Dung apologized to shareholders and pledged to stay with the company.
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Tran Phuong Ngoc Giao, daughter of PNJ Chairwoman Cao Thi Ngoc Dung, may be forced to sell 2.17 million PNJ shares under a margin call, starting today until her payment obligations are settled or her margin ratio is restored. On October 8, she had 2.94 million shares force-sold, leaving about 11.7 million shares, or roughly 2.29% of charter capital; if the new sale goes ahead as planned, the Dung family group's stake would fall to about 8.49%. At an extraordinary meeting last week, Ms. Dung said the share sale aims to raise funds for PNJ's restructuring loans and support its liquidity, even though PNJ is the family's largest investment. PNJ closed today at 15,500 dong, more than three-quarters below its level before the diamond incident, wiping nearly 24,400 billion dong off its market value.
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MBS announced a planned forced sale of 2.17 million PNJ shares belonging to Tran Phuong Ngoc Giao, daughter of PNJ Chairwoman Cao Thi Ngoc Dung, starting October 30, 2026 until she meets her payment or collateral obligations. The sale may not proceed if the collateral’s market price changes or the account holder adds collateral to meet margin requirements. This is not the first such sale this month: on October 8, VNDIRECT force-sold 2.94 million PNJ shares, cutting her holding from over 14.64 million to about 11.7 million shares. Earlier, her two sisters sold 7 million and 18 million shares in September to raise funds for the family to lend to PNJ, and Cao Ngoc Duy sold 9 million shares in early October. PNJ closed at VND 16,050 per share on October 29, with market capitalization over VND 8,000 billion.
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Tran Phuong Ngoc Giao, daughter of PNJ Chairwoman Cao Thi Ngoc Dung, disclosed on 09/10/2026 that VNDirect Securities had force-sold 2.94 million PNJ shares in the 08/10 session, leaving her with 11.7 million shares, or 2.29% of the company. The sale followed the Chairwoman's younger brother, Cao Ngoc Duy, selling 9 million shares over 01 and 02/10, cutting his stake to 0.943%. PNJ fell to 19,500 VND, down about 70% from its early-year peak and below the 2020 pandemic low. The article says the margin-call sale was initiated by the brokerage without prior notice, and together with Duy's sales, nearly 12 million shares entered the market within about a week, increasing supply quickly. The lower share price also affects the planned private placement of 550 million shares, because the issue-price rule tied to the 30-session average price is being pulled down day by day.
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