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Mekong Capital wants to sell $11 million shares of Mobile World

 VietNamNet Bridge - Mekong Capital has registered to sell 2.24 million shares of a total of more than 15 million shares of Mobile World that the fund currently holds.

VietNamNet Bridge - Mekong Capital has registered to sell 2.24 million shares of a total of more than 15 million shares of Mobile World that the fund currently holds.


According to information from the Ho Chi Minh City Stock Exchange (HOSE), Mekong Enterprise Fund II (MEF II) managed by Mekong Capital - the largest shareholder of Mobile World - has registered to sell 2.24 million shares, equivalent to 14.32% during 29/12/2014 - 27/01/2015.

The purpose of the transaction is to divest part of its capital. After the transaction, this fund will hold only 13.027 million shares of Mobile World, equivalent to the ownership rate of 12.22%.

On December 25, 2014, the price of MWG share was VND105,000/unit. Thus, the MEF II’s shares are worth VND235 billion, equivalent to $11 million.

Owning shares at Mobile World since 2007 with over 30%, MEF II continually divested before Mobile World was listed and now it holds 14.32% of shares. Previously, MEF II said profits they gained from Mobile World were 11 times more than their investment.

Foreign investors hold a 46.45% stake in Mobile World.

In November, another major shareholder of Mobile World - CDH Electric Bee - also transferred 3.2 million shares to the Mutual Fund Elite at the price of VND111,000/share. After the transaction, CDH Electric Bee owns 12.23% and Mutual Fund Elite holds 6.88% stake in Mobile World.

Mobile World recently issued 5.33 million ESOP shares to nearly 600 employees and its charter capital increased to approximately VND1.12 trillion. Its profit in January-November 2014 was reported as VND609 billion, an increase of 136% compared to the same period last year.

Mobile World aims for US$1-bil. revenue in 2015

Mobile World Investment Corp. (MWG) targets sales of more than VND21 trillion (around US$1 billion) and plans to open 123 new mobile phone supermarkets in 2015.

Nguyen Duc Tai, chairman of the corporation, told a review meeting in HCMC on December 30 that the retail systems of The Gioi Di Dong and could earn revenue of around VND15.8 trillion and after-tax profit of VND670 billion in 2014.

The revenue and after-tax profit targets will be US$1 billion and VND886 billion this year. To realize these goals, the corporation will open 123 new retail outlets in various provinces and cities to increase its mobile phone market share to 40% from the current 30%.

The retail systems of The Gioi Di Dong and opened 125 new mobile phone outlets last year, taking the total to 350.

This year, the corporation will boost sales via the Internet. Online sales of The Gioi Di Dong and stand at about VND1 trillion this year and are expected to double this year. is considered one of the leading business-to-consumer (B2C) sites in Vietnam.


Pham Lai


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