Chairman of the Board of Directors of DIG – Nguyen Hung Cuong
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The transfer was not made through the trading system at the Stock Exchange. The period for receiving the above shares lasted from October 21 to November 19, 2024. Based on the trading time, it is estimated that the newly-appointed Chairman of DIG received shares worth VND 226.5 billion.
| Price movement of DIG shares from the beginning of 2024 up to now |
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As a result, Mr. Cuong’s ownership in DIG increased from 10.16% to 11.96%, equivalent to nearly 73 million shares.
Mr. Cuong stated that the reason he has not yet received the entire nearly 20.8 million inherited shares is that the transfer procedure is still being carried out at the relevant agencies. According to the plan, if he receives the entire inheritance of nearly 20.8 million shares, Mr. Cuong’s ownership will increase to 13.56%, equivalent to more than 82.7 million shares.
Mr. Cuong is the son of Mr. Nguyen Thien Tuan – the late Chairman of the Board of Directors of DIG, who passed away on August 10, 2024. When Mr. Tuan passed away, Mr. Cuong, who was then Vice Chairman of the Board of Directors, was elected as Chairman of the Board of Directors and Legal Representative of DIG. On September 10, he was additionally appointed as Chairman of the Strategy and Sustainable Development Committee. Mr. Cuong also holds the position of Chairman and Legal Representative of DIC Urbiz, representing 100% of DIC Corp.’s capital contribution.
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Hùng Cường is set to receive an additional inheritance of 9.75 million shares between November 22 and December 21. Following this second round of inheritance, Cường will increase his holdings to 82,710,301 shares, representing a substantial 13.56% of DIG’s capital.
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