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Update news Tran Anh
The decisions by Tran Anh Digital World JSC to sell its distribution chain and the moves by giant home appliance chains to open drugstores indicates the home appliance market is becoming saturated.
After a strong rally of 30 per cent in stock price over the past four months, Mobile World Group (ticker MWG) saw back-to-back divestments from numerous of foreign funds.
VietNamNet Bridge - The Gioi Di Dong JSC (Mobile World - MWG), the owner of the largest mobile phone & home appliance distribution chain, has prepared VND2.5 trillion in its coffers for the disbursement for large M&A deals.
Electronics retailer Tran Anh Digital World JSC said it will close its electronics supermarkets in Vincom's Times City and Royal City on February 24.