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Office Supplies Giant, Thiên Long, Prepares to Take Over Phương Nam Bookstore Chain
On June 3rd, the HQV Board of Directors (PNC) appointed HQV as the new CEO, replacing NNQ who had just resigned from her position as CEO and Vice Chairman of the Board. The Board also proposed to terminate NNQ‘s labor contract with the company. At the same time, NDT was appointed as the new Vice President, replacing LQP.
It is worth noting that HQV is currently the Director of Strategy at Thiên Long, while NDT is the Investment Director.
At the highest level, NTQ assumed the role of Chairman of the Board, replacing NHH who now becomes the Vice Chairman. NTQ also becomes the legal representative of PNC, replacing NNQ.
Several other members of the Board of Directors have also submitted their resignations, including NDL and VTDP. Their resignations are based on personal reasons and will need to be officially approved by the upcoming General Meeting of Shareholders.
NTQ is a familiar face in the publishing industry, having served as Vice Chairman and Independent Member of the PNC Board of Directors during 2012-2016, CEO of Alpha Books, and currently Chairman of Saigon Books and Zenbooks. With over 17 years of experience in the industry, he has a deep understanding of the cultural retail market and is a member of the Executive Committee of the Vietnam Publishing Association.
NTQ also has a strong background in retail, having served as Vice President of Phu Nhuan Jewelry (HOSE: PNJ) during 2007-2012, and as a member of the company’s Board of Directors until 2017.
HQV, on the other hand, has years of experience working with large corporations such as FPT, Vingroup, Masan, and Vinamilk. She has been involved in strategic planning and business model development in the pharmaceutical, fast-moving consumer goods, and technology industries. From 2018 to 2021, she built and operated the Long Chau pharmacy chain, ensuring efficient operations and distribution across 64 provinces.
At Vinamilk, HQV directly implemented a modern distribution system, bringing products to various customer groups such as schools, hospitals, residential areas, and enterprises. These experiences are expected to bring positive changes to PNC as it integrates into the Thiên Long ecosystem.
Mr. Nguyễn Tuấn Quỳnh and Mrs. Võ Thị Hoàng Quân. Source: PNC
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PNC Shareholders Sell Their Stakes to Thiên Long at a Premium
Along with the leadership restructuring, a share transfer process is also underway. On June 3rd, NHD reported that he had sold his entire stake of over 1.13 million shares, equivalent to 10.52% of PNC‘s charter capital.
Previously, PNC had announced that its shareholders would transfer their stakes to a member unit of Thiên Long from the 2nd quarter onwards until the completion of the process. A total of 15 shareholders are expected to transfer nearly 8.3 million shares, equivalent to about 75% of PNC‘s capital, with NHD being the largest shareholder among them.
On the same day, the market recorded the transfer of nearly 6.16 million PNC shares, with a total value of nearly VND 163 billion, corresponding to VND 26,500/share.
The above transfer price is almost equal to the closing price of session 04/06 but increased by more than 80% compared to the middle of February 2025.
| PNC share price soared before the information about the acquisition was released |
TK
– 10:58 06/05/2025
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“Dat Xanh Aims to Boost Ownership in an Indirect Subsidiary”
With a vision to expand its horizons, Dat Xanh Group is embarking on a journey to enhance its ownership stake in Dat Xanh Commercial. The group aims to acquire a minimum of 99% of the charter capital through strategic share transfers and additional capital contributions.
The Stationery King Prepares to Conquer: The Story of an Office Supplies Empire’s Ambitions
On May 19, the Board of Directors of Thien Long Group (HOSE: TLG) announced a resolution for one of its subsidiaries to acquire shares from the parent company of Phuong Nam Bookstore Chain. This acquisition may be the deal that CEO Tran Phuong Nga previously alluded to without providing specific details, at the company’s annual meeting a month ago.
International Milk Lof Invests $6 Million in Ho Toan Joint Stock Company
“International Dairy Company Lof is set to acquire 7.2 million shares from Ho Toan’s existing shareholders, equivalent to 34.29% of the enterprise’s charter capital. This move underscores Lof’s strategic expansion and its commitment to solidifying its presence in the competitive dairy industry.”
“HanoiMilk’s Major Shareholder Transfers 10 Million Shares to His Daughter”
“Ha Phuong Thao, the daughter of Ha Quang Tuan – Chairman of the Board of Hanoi Milk Joint Stock Company (Hanoimilk, UPCoM: HNM) – has become the new major shareholder of the company. Thao acquired 10 million shares from her father, solidifying her position as a key player in the business.”
Unveiling the Truth: Unraveling the Violations in the Equitization of Tin Nghia Corporation in Dong Nai
The Government Inspectorate has issued a notice announcing an inspection of compliance with laws during the privatization and state capital divestiture of the Tin Nghia Corporation (now Tin Nghia Corporation Joint Stock Company).
