## Nguyễn Hùng Cường announces insider trading of shares in the Construction Development Investment Corporation (DIG-HOSE)
Nguyễn Hùng Cường, Chairman of the Board of Construction Development Investment Corporation, announces the successful acquisition of more than 11 million DIG shares from his father. The transaction took place between October 21 and November 19.
In addition, Mr. Cường will inherit an additional 9.75 million shares between November 22 and December 21.
Following this second inheritance transaction, Mr. Cường’s holdings will increase to 82,710,301 shares, representing a 13.56% stake in DIG.
As of the close of the trading session on November 19, with the share price at 19,900 VND/share, the total value of the inherited shares by Mr. Cường amounted to 218 billion VND.
It is worth noting that the former chairman, Nguyễn Thiện Tuấn, passed away on August 10. On August 19, Mr. Cường (born in 1982), who was then the Standing Vice Chairman of the Board, was elected as the new Chairman and legal representative of the company.
Subsequently, on October 16, Mr. Cường inherited more than 20.75 million shares from his late father. At that time, the share price of DIG was at 20,000 VND/share, valuing Mr. Cường’s inherited shares at over 415 billion VND.
In mid-September, Lê Thị Hà Thành, Mr. Tuấn’s wife, also inherited over 20.75 million shares from her husband, increasing her ownership stake from 0% to 3.4%. The value of these shares was approximately 450 billion VND at that time.
Prior to these events, the Board of Directors passed a resolution regarding DIG’s financial investments in 2024. As a result, DIG announced the completion of increasing its ownership stake in DIC Hospitality from 78.3% to 99.9%.
In the third quarter of 2024, consolidated net revenue decreased by 80.11% to 47.28 billion VND, while profit decreased by only 7.23% to 11.23 billion VND.
According to explanations from the company, the group’s revenue in the third quarter mainly came from real estate business activities, including the transfer of CSJ project apartments, transfer of rough construction works in the Đại Phước project, transfer of rough construction works in the Hậu Giang project, and transfer of land use rights in the Nam Vĩnh Yên project.
Specifically: Real estate business revenue decreased by 48.35 billion VND, or 38.35%; Construction products revenue was 1.6 billion VND; Service revenue decreased by 3.19 billion VND, or 74.43%. These factors led to a decrease of 49.94 billion VND, or 38.06%, in net revenue for the third quarter of 2024. Additionally, financial revenue increased by 17.13 billion VND, or 214.09%, and selling expenses decreased by 16.84 billion VND.
Moreover, revenue from the sale of finished products (manufacturing materials) increased by 2.98 billion VND, or 10.37%, while real estate revenue decreased by 190.86 billion VND, or 151.37%. Revenue from construction activities at subsidiaries increased by 1.1 billion VND, or 2.53%.
For the first nine months of 2024, DIG reported revenue of over 1,082 billion VND (compared to 597.64 billion VND in the same period last year) and after-tax profit of 15.2 billion VND (compared to 97.74 billion VND in the same period last year).
As of September 30, 2024, the late Chairman Nguyễn Thiện Tuấn received more than 3.035 billion VND, a decrease of over 475 million VND from the previous year. Mr. Nguyễn Hùng Cường received 937.5 million VND (compared to 1.35 billion VND in the same period last year), and Ms. Nguyễn Thị Thanh Huyền received 800 million VND (compared to 900 million VND in the same period last year).
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