Based on MWG’s current market price, if the entire registered volume is sold, Mr. Hieu Em could receive approximately VND 170 billion.

Mr. Doan Van Hieu Em, a Board Member of Mobile World Investment Corporation (MWG), has registered to sell 2 million MWG shares. The transaction is expected to be conducted via agreement method from May 6 to June 4, 2026. If completed, his ownership will decrease to 1.54 million shares, equivalent to 0.1%.

The purpose of the transaction is to invest in the Initial Public Offering (IPO) of Dien May Xanh (DMX), a subsidiary of MWG. In addition to his role as MWG Board Member, Mr. Doan Van Hieu Em is also the CEO of DMX.

In a post on his personal Facebook page, Mr. Hieu Em stated that in the upcoming DMX IPO plan, the leadership team will participate using personal funds or restructure their holdings in MWG, affirming a long-term commitment to shareholder interests while balancing the interests of existing MWG shareholders and new DMX investors.

On the stock market, MWG shares are trading at VND 84,000 per share. If all registered shares are sold, Mr. Hieu Em could receive about VND 170 billion.

Regarding Q1 2026 business results, MWG recorded net revenue of VND 46,462 billion, up nearly 29% year-on-year. Net profit reached a record VND 2,758 billion, up 78% compared to Q1 2025. With this performance, the company has achieved 25% of its revenue plan and 30% of its annual target net profit.

A major contributor was DMX, with net revenue of VND 32,613 billion and net profit of VND 2,206 billion, up 30% and 49% respectively year-on-year. Revenue growth mainly came from improved operational efficiency and productivity rather than store expansion during the period.

All product categories of DMX grew. The TopZone chain recorded the highest growth at 42%, followed by The Gioi Di Dong at 34% and Dien May Xanh at over 30%. By product category, mobile phones grew strongly by 65%, while home appliances and refrigerators both increased by around 45%. As of the end of March, DMX operated a total of 3,020 stores.

According to the plan, DMX is expected to conduct its IPO this year after receiving regulatory approval. The maximum offering size is projected at 179.5 million shares, equivalent to 16.3% of charter capital, with a minimum offering price of VND 16,163 per share. All proceeds are expected to be used to repay short-term loans.

At MWG’s Annual General Meeting, Mr. Doan Van Hieu Em stated: “Dien May Xanh has basically completed the procedures for an IPO in 2026, however the specific listing timeline has not yet been announced.”

Source: Cafef