Another Mobile World (MWG) leader registered to sell 1 million shares

Mr. Dang Minh Luom is expected to trade via order matching or negotiation from September 25 to October 24. Before Mr. Luom, Chairman of the Board of Directors Nguyen Duc Tai also continuously sold shares.

Mr. Dang Minh Luom - Member of the Board of Directors of Mobile World Investment Corporation (code MWG, HoSE floor) registered to sell 1 million shares to solve personal financial needs.

The transaction is expected to be carried out by order matching or negotiation from September 25 to October 24. If successful, Mr. Luom will reduce the number of MWG shares he holds from 3.2 million shares (0.222%) to 2.2 million shares (0.154%).

Previously, the Ho Chi Minh City Stock Exchange (HoSE) announced the stock trading results of Mobile World Investment Chairman Nguyen Duc Tai. Accordingly, Mr. Tai successfully sold 1 million shares by order matching on the floor from September 9 to September 19.

After this transaction, Mr. Tai reduced his holdings to 32.4 million MWG shares, equivalent to 2.219% of the company's capital.

This is the second time Mr. Tai has sold MWG shares in 2024. Previously, Mr. Tai also sold 2 million MWG shares from June 7 to 19 in the form of matching orders on the floor. After the transaction, Mr. Tai reduced his ownership of more than 33.4 million MWG shares, equivalent to 2.287% of the company's shares.

In the second quarter of 2024, MWG achieved revenue of VND 34,134 billion, up 15.8% over the same period last year, profit after tax reached VND 1,172 billion, up 66.34 times over the same period. Gross profit margin also improved from 18.5% to 21.4%. In the first half of the year, the company recorded revenue of VND 65,621 billion, up 16% over the same period, and profit after tax reached VND 2,075 billion, up 52.63 times over the same period last year. The company has completed 86.5% of the 2024 profit plan, expected to reach VND 2,400 billion, up 13.29 times compared to 2023.

Previously in November 2023, during the meeting to update the business results of the third quarter of 2023, Mr. Tai said that he was planning to increase his ownership in this unit, but because he was too busy, he did not have time to make a decision. Along with that, answering questions about investors' doubts about the continuous net selling of foreign investors at that time, Mr. Tai said that any business would go through such a time, challenging the confidence of investors. During such a period, according to Mr. Tai, anyone with confidence will be calm, believe in the company's restructuring activities and consider this an opportunity to buy.

On the stock market, MWG shares are trading at VND67,500/share, up about 60% compared to the end of last year.

Source: https://baodautu.vn/them-lanh-dao-the-gioi-di-dong-mwg-dang-ky-ban-1-trieu-co-phieu-d225636.html