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Mr. Doan Van Hieu Em, a member of MWG’s board of directors, has registered to sell 2 million MWG shares from May 6 to June 4, 2026. The sale will be conducted via an off-market (agreement) method to raise capital for his participation in the initial public offering (IPO) of Dien May Xanh Investment Joint Stock Company (DMX).
If the transaction is completed, Mr. Hieu Em’s holding would decrease from 3.5 million shares (0.241% of MWG) to 1.54 million shares (0.1%). In addition to serving on MWG’s board, Mr. Hieu Em is the CEO of Dien May Xanh.
DMX plans to IPO up to 179.5 million shares, equivalent to about 16.2992% of the current total share capital. The shareholder meeting authorized the board to determine the offering price, with the condition that it will not be lower than the book value of VND 16,163 per share.
The IPO is expected to raise at least roughly VND 2,900 billion. Proceeds are planned to be used to repay short-term debts with credit institutions. All IPO shares will be freely transferable. If any shares remain unsold in the initial offering, transfer restrictions would apply for one year. The expected timeline is in 2026, after the regulatory body issues the registration certificate for the public offering.
If the IPO succeeds, Dien May Xanh’s charter capital is expected to increase from about VND 11,013 billion to around VND 12,808 billion.
MWG reported consolidated Q1/2026 revenue of VND 46,462 billion, up 29% year-on-year. Gross profit was VND 9,710 billion.
Financial income reached VND 858 billion, up 24%, while financing costs were VND 422 billion, also up 24%. Selling, general and administrative expenses increased to VND 5,285 billion (up 20%) and VND 1,523 billion (up 25%). Net profit after tax stood at VND 2,758 billion, up 78% year-on-year.
For 2026, MWG targets revenue of VND 185,000 billion, up 19% from the previous year, and net profit after tax of VND 9,200 billion, up 30%. After three months, the company had achieved 25% of the revenue target and 30% of the profit target.
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