Mobile World (MWG) leaders sold 94,700 shares

VHO - Mobile World Investment Corporation (stock code: MWG) recorded a transaction to sell shares, reducing ownership to 0.21% of charter capital.

At the end of the trading session, Mr. Trong only sold 94,700 shares due to unfavorable market developments. Illustrative photo

Accordingly, Mr. Pham Van Trong, Member of the Board of Directors and General Director of Bach Hoa Xanh chain, registered to sell 200,000 shares from May 20 to June 18.

However, at the end of the transaction, Mr. Trong only sold 94,700 shares due to unfavorable market developments. Thereby, reducing his ownership from 3,226,804 shares, accounting for 0.22% to 3,121,104 shares, accounting for 0.21% of charter capital.

Previously, Dragon Capital group net sold 243,600 more MWG shares to reduce its ownership to 6.99% of charter capital. Of which, Norges Bank fund sold 223,600 shares, Vietnam Enterprise Investments Limited fund sold 200,000 shares, Hanoi Investments Holdings Limited fund bought 150,000 shares, Amersham Industries Limited fund bought 30,000 shares.

In terms of revenue, in 2024, the Bach Hoa Xanh chain recorded a 30% increase in revenue over the same period, to VND 41,000 billion; and in the first 3 months of 2025, the Bach Hoa Xanh chain's revenue increased by 20% over the same period last year, to VND 11,000 billion and opened 232 new stores, bringing the total number of stores to 2,002.

At the 2024 General Meeting of Shareholders, Mr. Nguyen Duc Tai, Chairman of the Board of Directors of Mobile World, shared with shareholders about the Company's next capital raising plan after selling 5% of its capital to a foreign fund: "We have no plans to raise capital for Bach Hoa Xanh. From now until then, we are no longer in the loss-making phase, so we will only focus on developing and listing Bach Hoa Xanh according to our commitment to investors. When Bach Hoa Xanh is big enough, when it makes a profit of several thousand billion VND, we can wait until then to go public."

As of the end of April, MWG was operating a total of 1,017 Mobile World stores (including Topzone), 2,025 Dien May Xanh stores, 2,129 Bach Hoa Xanh stores, 326 An Khang pharmacies, 62 AVAKids stores, and 99 Era Blue stores.

This year, MWG expects to achieve net revenue of VND 150,000 billion and after-tax profit of VND 4,850 billion, up 12% and 30% respectively compared to 2024.

Source: https://baovanhoa.vn/kinh-te/lanh-dao-the-gioi-di-dong-mwg-da-ban-ra-94700-co-phieu-146059.html