Rumors of acquiring many businesses: CEO of Mobile World says 'not accurate'

The leader of Mobile World Joint Stock Company spoke out about rumors of mergers and acquisitions with outside businesses.

Mr. Vu Dang Linh - General Director - answered shareholders' questions - Screenshot

Joint Stock Company Mobile World (stock code MWG) held a direct meeting with investors on November 26, updating business results for the first three quarters of 2025.

At the event, many shareholders asked questions related to the operations of the chains. retail in the ecosystem such as Mobile World , Dien May Xanh, Bach Hoa Xanh, An Khang pharmacy...

Clarifying rumors of acquiring outside businesses

Responding to questions from shareholders, in response to some speculations about mergers and acquisitions (M&A) activities, Mr. Vu Dang Linh - General Director of Mobile World Joint Stock Company - affirmed that the fluctuations in shares or the appearance of new legal entities in recent times are actually only part of the internal restructuring plan.

Therefore, the statement that some businesses were acquired by Mobile World Joint Stock Company is an inaccurate expression. In fact, these are steps to transfer assets and operations between companies in the same ecosystem, including: An Khang, Dien May Xanh...

This activity aims to clearly separate the operational functions of each business segment, increasing efficiency and convenience for future capital mobilization plans.

Thus, this is not an external acquisition as some parties speculate or misunderstand.

On the occasion, the business leaders also said that they are considering plans to list or IPO (initial public offering of shares to raise capital) some units in the system, but the implementation time is still being considered.

In particular, the food and consumer goods retail chain Bach Hoa Xanh is making efforts to improve business efficiency and handle all accumulated losses, pursuing an IPO plan.

About 50 stores were just "swept" by flood and are recovering from the damage.

Many provinces and cities in the Central Highlands have recently suffered heavy damage due to floods, affecting people's lives and business activities of many enterprises.

Responding to shareholders, Mr. Vu Dang Linh said that about 50 stores belonging to the Mobile World Joint Stock Company chain were affected, but most of them did not suffer significant damage. Because the compensation settlement process usually takes a long time, it is expected that the company will complete the procedures to receive compensation from the insurance company in the next 3-6 months.

At the event, information related to the Bach Hoa Xanh food and consumer goods retail chain was also noticed. Currently, this chain has covered from Thanh Hoa to the South, but the strategy of expanding to the North is somewhat challenging.

The business side believes that the Northern market tends to be cautious in consumption. Therefore, it is necessary to open a survey point in Ninh Binh (bordering Thanh Hoa, convenient in logistics), then evaluate the possibility of expansion.

According to the financial report, summarizing the first three quarters of 2025, Mobile World Joint Stock Company achieved more than 113,600 billion VND in revenue and nearly 4,990 billion VND in profit after tax, equivalent to completing 76% and 103% of the yearly plan, respectively. Contributions mainly came from the Dien May Xanh, Bach Hoa Xanh, and Mobile World - TopZone chains.

On the stock market, MWG code is anchored in green with a price of 80,200 VND/share, corresponding to a decrease of more than 6% in the past month, but an increase of about 36% if calculated yearly.

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Source: https://tuoitre.vn/ro-tin-don-thau-tom-nhieu-doanh-nghiep-ceo-the-gioi-di-dong-noi-chua-chinh-xac-20251126183239688.htm