According to a disclosure by DIC Corp (stock code: DIG), Ms. Le Thi Ha Thanh will inherit over 20.8 million DIG shares from her late husband, Mr. Nguyen Thien Tuan, the former Chairman of DIC Corp.
With this transaction, Ms. Thanh’s ownership in DIC Corp is expected to increase significantly, from over 4,900 shares to 20.8 million shares, representing a 3.4% stake in the company. The transfer is scheduled to take place between September 17 and October 16, executed through an off-exchange transaction at the Stock Exchange.
Based on DIG’s closing price of VND 21,700 per share on September 12, a 35% drop from its yearly high, the inherited shares are valued at over VND 450 billion.
Currently, Ms. Thanh and Mr. Tuan’s son, Mr. Nguyen Hung Cuong, is the Chairman of DIC Corp. Mr. Cuong, born in 1982, holds a Bachelor’s degree in Construction Engineering and a Master’s degree in Business Administration. He is also the largest shareholder in DIC Corp, owning 62 million DIG shares, equivalent to a 10.16% stake.
From 2010 to 2012, Mr. Cuong served as the Director of the Thang Long Project Management Board and concurrently as the General Director of DIC Sport. He then took on the role of Deputy General Director of DIG from 2012 to 2017 and has been the Vice Chairman of the Board since 2018.
On September 10, Mr. Cuong was appointed as the Chairman of the Strategy and Sustainable Development Committee. He will also chair DIC Urbiz, a wholly-owned subsidiary of DIC Corp.
On the same day, Ms. Nguyen Thi Thanh Huyen, Mr. Nguyen Thien Tuan’s daughter, was appointed as the Vice Chairwoman of the Board. She will also head the Human Resources and Compensation Committee and serve as a member of the Audit Committee.
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After a thorough review, many listed companies have seen their profits fluctuate compared to their self-prepared reports. In some cases, auditing firms have even refused to provide opinions or have raised concerns about the business operations and projects of these enterprises.
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DIC Corp. is proud to announce that we have achieved 27.6% of our annual revenue target and approximately 2% of our annual profit goal. While we have a long way to go, this is a testament to the hard work and dedication of our team. With our innovative strategies and unwavering commitment, we are confident in our ability to surpass these milestones and achieve even greater success in the coming months. Stay tuned as we continue to strive for excellence and make our mark in the industry.
Unveiling DIC Corp’s (DIG) Stock Surge: A Tale of Transformation and Transparency.
The selling pressure on DIG stock caused a significant decline, plunging over 6% at one point. A challenging day for the stock, as investors offloaded their holdings, resulting in a downward trend that unnerved the market.
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The DIC Corp complex spans an impressive 11,014 square meters and boasts a total investment of 3,577 billion VND. This massive project is strategically divided into three phases, each meticulously planned to ensure a seamless and successful development. With a grand vision in mind, DIC Corp is set to make a significant impact with this ambitious undertaking.
