In the latest announcement, Ms. Nguyen Thi Thu Tam, the sister of Mr. Nguyen Duc Tai, Chairman of Mobile World Investment Corporation (MWG), has registered to sell 200,000 MWG shares for personal financial needs.
If successful, Ms. Tam will reduce her ownership in MWG from 529,554 shares (0.036% of charter capital) to 329,554 shares (0.023% of charter capital). The trading period is expected to take place from March 14 to April 12, 2024, through agreement or matching orders on the exchange.
Based on the closing price of MWG shares on March 8th at 47,750 VND per share, Ms. Tam may receive approximately 10 billion VND if the transaction is completed.
In another development, Mr. Robert Alan Willett, a non-executive member of the Board of Directors of Mobile World Investment Corporation (MWG), has registered to sell 1.2 million MWG shares from February 27th to March 27th, 2024. After the transaction is completed, Mr. Robert will reduce his MWG shares from 8 million to 6.8 million shares, equivalent to 0.466% of charter capital.
This leader shared that he is selling shares to have the financial resources to buy a new house for his wife, as his wife’s health is not very good.
In contrast, foreign investors are showing signs of returning to net buying MWG shares. From February 28th to March 8th, 2024, foreign investors recorded a net purchase of approximately 360 billion VND in MWG.
In addition, Chairman Nguyen Duc Tai himself has made two purchases of MWG shares from late 2023 to early 2024, with a total volume of 310,000 shares, increasing his ownership to over 35.4 million shares, equivalent to 2.422% of charter capital.
About the business situation, MWG has planned for 2024 with revenue of 125,000 billion VND – an increase of 5% and after-tax profit of 2,400 billion VND – 14 times higher than the previous year’s performance. Mr. Nguyen Duc Tai said that the figure of 2,400 billion VND in profit is not a high number and is within reach.
