Mobile World Investment Joint Stock Company (stock code: MWG) recently announced that Mr. Nguyen Duc Tai, Chairman of the company’s Board of Directors, successfully sold 1 million shares through matching orders on the exchange from September 9 to September 19.
During this period, MWG shares fluctuated around VND 67,000/share. As a result, the entrepreneur may have pocketed approximately VND 67 billion from this transaction. MWG’s market price has nearly doubled compared to its historical low in November 2023.
After the transaction, Mr. Tai still directly owns 32.4 million MWG shares, equivalent to 2.2% of the enterprise’s capital. In addition, he also indirectly owns MWG through Consultancy Retail World One Member Co., Ltd., the largest shareholder, holding 10.49% capital.
Three months ago, the leader also sold 2 million shares to address personal financial needs, with an estimated total value of VND 126 billion. Thus, Mr. Nguyen Duc Tai may have earned nearly VND 200 billion from selling MWG shares.
On September 20, Mr. Dang Minh Luom, a member of MWG’s Board of Directors, registered to sell 1 million shares through matching or negotiated orders from September 25 to October 24. If successful, Mr. Luom will reduce his holdings of MWG shares from 3.2 million units to 2.2 million units.
The trading of MWG shares was previously mentioned by Chairman Tai during an analyst meeting in November 2023. At that time, when investors questioned the persistent net selling by foreign investors, Mr. Nguyen Duc Tai attributed it to possible concerns about financial results, worries about Bach Hoa Xanh’s breakeven, or the recovery of The Gioi Di Dong chain. The Chairman stated that any enterprise would go through such a phase, challenging investors’ faith.
“Mobile World Donates 5 Billion VND to Flood Victims”
“The MWG Corporation has pledged to donate 5 billion VND to support the provinces that are economically disadvantaged and have been severely affected by the recent natural disasters. These provinces include Cao Bang, Lao Cai, Yen Bai, Lang Son, Tuyen Quang, and Phu Tho.”
The Mobile World’s Indonesian Electronics Chain Has 5 Consecutive Months of “Bringing Money Home to Mom”, Nearing Profit Target Before Q4.
The Indonesian electronics chain, EraBlue, in which The Gioi Di Dong holds a stake, incurred losses of approximately VND 104 billion in the first half of 2024.
