MB Securities Joint Stock Company has just issued documents notifying the sale of collateral of customers who are insiders and related insiders.
Accordingly, MBS plans to sell 560,300 DIG shares of Construction Development Investment Corporation (DIC Corp) owned by Ms. Le Thi Ha Thanh. Ms. Thanh is the mother of Mr. Nguyen Hung Cuong, Chairman of the Board of Directors of DIC Corp.
At the same time, MBS will also sell off 381,800 DIG shares of Ms. Nguyen Thi Thanh Huyen - Vice President of DIC Corp, also the younger sister of Chairman of the Board of Directors Nguyen Hung Cuong.
The above transactions are expected to take place by order matching or agreement from April 23, 2025 until payment obligations are fulfilled or the deposit ratio is sufficient according to MBS regulations.
Vietcap Securities Joint Stock Company has also recently issued a document announcing the sale of 400,000 shares of Ms. Le Thi Ha Thanh and more than 1.3 million shares of Chairman of the Board of Directors Nguyen Hung Cuong.
The above transactions are also expected to take place from April 23, 2025 until the sale of the announced shares or until further notice.
Thus, it is estimated that the total number of DIG shares of Chairman Nguyen Hung Cuong's family that were sold for release is nearly 2.7 million shares.
Previously, in the trading session on April 10 and 11, the family of Chairman of the Board of Directors Nguyen Hung Cuong was also sold nearly 22.5 million shares, with a total value calculated at face value of more than 224.9 billion VND.
DIC Corp also recently held its 2025 Annual General Meeting of Shareholders. At the meeting, regarding the recent sell-off of shares, DIC Corp Chairman Nguyen Hung Cuong pledged that in the coming time, his family will continue to stick with and increase its ownership ratio at DIC Corp, ensuring to continue to work with shareholders to develop the company in accordance with the commitments.
Also at the congress, DIC Corp Chairman said that in terms of business results, in the first quarter of 2025, the profit was about 10 billion VND. The point falling in the middle of this year will be to complete the 2025 plan, instead of waiting until the third or fourth quarter.
DIC Corp shareholders have also approved the production and business plan targets for 2025 with total consolidated revenue and income estimated at VND 3,500 billion, up 143.2% compared to the results achieved in 2024.
Pre-tax profit is estimated at VND 718 billion, up 354.2%. At the same time, the enterprise expects development investment capital to be at VND6,690 billion, an increase of 152% compared to 2024.
Regarding the profit distribution plan for 2024, shareholders have approved the plan to issue nearly 36.6 million dividend-paying shares in 2024 to shareholders with a 100% 6:00 right-ening ratio, meaning that shareholders own 1 stock corresponding to 1 right, for every 100 rights, they will receive 6 new shares.
Capital issued from after-tax profits not yet distributed as of December 31, 2024 on the audited 2024 financial statements. The expected implementation time is in 2025.
In addition, the meeting also approved a plan to offer shares to existing shareholders at a rate of 24.596%, equivalent to offering 150 million shares at a price of VND 12,000/share, mobilizing a maximum of VND 1,800 billion, expected to be implemented from the third quarter of 2025 to the fourth quarter of 2025.
The total amount of money collected from the offering is expected to be used by DIC Corp for purposes including the acquisition of DIG1231 bonds amount of VND 600 billion, expected time to be implemented in the fourth quarter/2025 to the first quarter I/2026. Next is to supplement the investment capital to implement the project
