Ms. Le Thi Ha Thanh, the wife of the late Chairman Nguyen Thien Tuan and mother of Mr. Nguyen Hung Cuong, Chairman of the Joint Stock Corporation for Investment Development and Construction (DIC Corp., MCK: DIG, HoSE floor), has reported on the trading of shares by insiders and related persons of insiders.
According to the report, the number of shares registered by Ms. Le Thi Ha Thanh for inheritance was nearly 16.97 million shares, expected to take place from October 24, 2024, to November 22, 2024. However, by the end of the trading day, Ms. Thanh had only inherited nearly 12.22 million DIG shares.
The reason for Ms. Thanh’s incomplete transaction of the registered shares was due to the transfer procedure being carried out at the relevant authorities as per regulations.
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After this transaction, Ms. Ha Thanh’s number of shares increased from nearly 3.79 million shares (equivalent to 0.62% of capital) to more than 16 million DIG shares (equivalent to 2.62% of capital).
Ms. Le Thi Ha Thanh is expected to inherit the remaining 4.75 million DIG shares between November 27, 2024, and December 26, 2024. If the transaction is successful, her holdings of DIG shares will increase to nearly 20.76 million shares, equivalent to a 3.4% ownership stake in DIC Corp.
Previously, between September 17, 2024, and October 16, 2024, Ms. Thanh received more than 3.78 million DIG shares, increasing her ownership stake from 0.00% to 0.62% of capital.
It is known that Ms. Le Thi Ha Thanh inherited nearly 20.8 million DIG shares, equivalent to 3.4% of the charter capital of DIC Corp., from the late Chairman of the Board of Directors, Mr. Nguyen Thien Tuan.
In a similar development, Mr. Nguyen Hung Cuong, Chairman of DIC Corp. and son of Ms. Thanh, also reported inheriting just over 11 million DIG shares out of the previously registered total of over 20.75 million shares.
After this transaction, Mr. Cuong’s holdings increased from nearly 61.96 million shares (equivalent to 10.16% of capital) to over 71.96 million DIG shares (equivalent to 11.96% of capital).
Mr. Cuong is expected to inherit the remaining 9.75 million DIG shares between November 22, 2024, and December 21, 2024. If the transaction is successful, his holdings of DIG shares will increase to over 82.71 million shares, equivalent to a 13.56% ownership stake in DIC Corp.
In terms of business performance, according to the consolidated financial statements for Q3 2024, DIC Corp. recorded net revenue of nearly VND 47.3 billion, a decrease of 80.11% compared to the same period in 2023. After deducting taxes and fees, the company reported a net profit of over VND 11.2 billion, a decrease of 7.23% compared to the same period in 2023.
For the first nine months of 2024, DIC Corp. reported a net profit of nearly VND 15.2 billion, a decrease of 84.47% compared to the same period in 2023. Meanwhile, the company’s business plan for 2024 projected a consolidated after-tax profit of VND 760 billion. Thus, DIC Corp. has only achieved 2% of its projected after-tax profit.
As of Q3 2024, DIC Corp.’s total assets stood at over VND 18,153.9 billion, an increase of 7.88% from the beginning of the year. The company’s total liabilities were over VND 10,204.7 billion, an increase of 14.22% from the beginning of the year, while shareholders’ equity was nearly VND 7,949.2 billion, an increase of 0.7%.
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