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Based on MWG’s current share price, selling all registered shares could yield about 170 billion dong for board member Mr. Doan Van Hieu Em.
Mr. Doan Van Hieu Em, a member of MWG’s board of directors, has registered to sell 2 million MWG shares. The transaction is expected to be conducted by negotiation from May 6 to June 4, 2026. If completed, his ownership would fall to 1.54 million shares, equivalent to 0.1% of charter capital.
At the time of reporting, MWG shares were trading at 84,000 dong per share. If all registered shares are sold, Hieu Em could receive about 170 billion dong.
The purpose of the trade is to participate in the initial public offering of MWG’s subsidiary, Dien May Xanh (DMX). In addition to serving on MWG’s board, Mr. Doan Van Hieu Em is also the CEO of DMX.
In a post on his personal Facebook, Hieu Em said that for DMX’s upcoming IPO, leadership will invest using personal funds or restructure MWG holdings, reaffirming a long-term commitment to shareholders while balancing interests between existing MWG shareholders and new DMX shareholders.
For Q1 2026, MWG reported net revenue of 46,462 billion dong, up about 29% year-on-year. Net profit reached 2,758 billion dong, up 78% year-on-year. With these results, the company achieved 25% of its annual revenue target and 30% of its annual profit target.
DMX contributed significantly to MWG’s results, with net revenue of 32,613 billion dong and net profit of 2,206 billion dong, up 30% and 49% respectively from the prior year. Revenue growth was mainly attributed to improved operating efficiency and productivity rather than expanding the number of stores at this stage.
All DMX segments grew. TopZone posted the highest growth at 42%, followed by The Gioi Di Dong (MWG) at 34%, and Dien May Xanh up more than 30%. By product category, mobile phones rose 65%, while household appliances and refrigerators increased by about 45%. By end-March, DMX had a total of 3,020 points of sale.
Under the plan, DMX will conduct an IPO this year after regulatory approval. The maximum offering size is expected to be 179.5 million shares, equivalent to 16.3% of charter capital. The offer price is expected to be not lower than 16,163 dong per share. All proceeds are intended to be used to repay short-term debt.
At MWG’s annual general meeting, Doan Van Hieu Em said: “Dien May Xanh has basically completed the procedures for an IPO in 2026, but the listing date cannot be announced yet.”
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