October 22, 2017 3:55 PM ET

Specialty Retail

Company Overview of Mobile World Investment Corporation

Company Overview

Mobile World Investment Corporation engages in the trading, repair, and maintenance of digital mobile devices and consumer electronics in Vietnam. It offers mobile phones, tablets, laptops, and accessories through a network of approximately 800 stores; and televisions, karaoke machines, refrigerators, washing machines, rice cookers, blenders, irons, electromagnetic stoves, microwaves, vacuum cleaners, etc. through a network of 300 stores. The company also retails food and beverages, including meat, seafood, and vegetables. It also sells its products online. The company was founded in 2004 and is headquartered in Thu Dau Mot, Vietnam.

222 Yersin Street

Phu Cuong Ward

Thu Dau Mot,  

Vietnam

Founded in 2004

26,207 Employees

Key Executives for Mobile World Investment Corporation

Mobile World Investment Corporation does not have any Key Executives recorded.

Mobile World Investment Corporation Key Developments

Tran Anh Digital And Mobile World On Verge Of Merger

Tran Anh Digital World Joint Stock Company (HNX:TAG) is seeking its shareholders' approval to sell a 25% stake to Mobile World Investment Corporation (HOSE:MWG). The company's existing shareholders are expected to send their feedback before the end of this month.

Mobile World Group Announces Unaudited Earnings Results for the First Seven Months of 2017; Provides Earnings Guidance for the Full Year 2017

Mobile World Group announced unaudited earnings results for the first seven months of 2017. For the first seven months period, the company’s revenue reached VND 36,761 billion, representing a year-over-year growth of 58%. The profit after tax (PAT) first seven months 2017 reached VND 1,261 billion, representing a year-over-year growth of 29%. The online revenue first seven months 2017 reached VND 2,990 billion, representing a year-over-year growth of 95%. For the full year, the company announced that completing 58% of the full year revenue target of VND 63,280 billion, completing 57% of the full year PAT target of VND 2,200 billion, and completing 45% of the full year revenue target of VND 6,650 billion.

Mobile World Investment Reportedly In Talks To Acquire Electronics Chain

Although detailed information about the electronics chain to be acquired by Mobile World Investment Corporation (HOSE:MWG) as not been released yet, according to rumours, the chain might be Tran Anh Digital World Joint Stock Company, a big rival of Mobile World. As reported by the newswire VnEconomy, on August 3, 2017, Nguyen Duc Tai, Chairman of MWG, confirmed that MWG has nearly finished negotiating on the purchase of an electronics chain. However, detailed information has not been released yet, but Tai revealed that If they think carefully, people can guess the electronics chains that MWG will acquire. It is predicted that the rumoured mystery chain is Tran Anh, however, the company itself has not confirmed this information.

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Recent Private Companies Transactions

Type
Date
Target
Buyback
October 13, 2017
--
Private Placement
August 22, 2017
--
Buyback
April 14, 2017
--
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