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A board member of Mobile World Group (MWG) has registered to sell 2 million MWG shares to participate in the initial public offering (IPO) of Dien May Xanh Investment Joint Stock Company (DMX).
According to the announcement, the registered transaction is intended to invest in DMX’s IPO. After the sale, the board member’s MWG holding is expected to decrease from 3.5 million shares (0.24%) to 1.5 million shares (0.1%).
At the end of April, MWG closed at 84,000 VND per share, up more than 13% from the short-term low set on March 23. Based on this closing price, the deal value is estimated at about 168 billion VND.
DMX is expected to offer up to more than 179.5 million ordinary shares, equivalent to nearly 16.32% of the outstanding shares. The offer price will be determined by the Board of Directors, but not below the book value per share of 16,163 VND as stated in the 2025 audited consolidated financial statements, and not below the valuation at the end of 2025 by the appraisal firm.
If the IPO is successful, DMX’s charter capital is expected to increase from over 11 trillion VND to up to more than 12.8 trillion VND. After deducting costs, proceeds will be used to repay short-term borrowings from credit institutions, with disbursement planned for 2026.
After the IPO, the shares will be registered with the Vietnam Securities Depository Center (VSDC) and listed on HOSE. If listing conditions are not met, DMX said it will list the shares on UPCoM under the Hanoi Stock Exchange (HNX).
For its business plan, DMX targets 2026 revenue of 122.5 trillion VND, up 12% year-on-year, and net profit after tax to rise nearly 27% to 7.35 trillion VND.
In Q1 2026, the company reported revenue of 32.4 trillion VND, up 33% year-over-year and about 26% of the annual plan.
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