Vietnam.vn - Nền tảng quảng bá Việt Nam

The Gioi Di Dong 'kills' Tran Anh electronics chain

Việt NamViệt Nam20/08/2024

The Gioi Di Dong decided to dissolve Tran Anh to optimize operations. This used to be a famous electronics chain in the Northern market.

Tran Anh used to be a famous electronics chain in the Northern market. Photo: Tran Anh Electronics.

On August 19, Mobile World Investment Corporation (HoSE: MWG) issued a resolution approving the decision to dissolve its subsidiary.

Accordingly, the dissolved subsidiary is Tran Anh Digital World Joint Stock Company, business registration number 0101217009, address at 1st floor, CT2 building, Eco Green City - CT4.CT9, new urban area Tay Nam Kim Giang 1, Tan Trieu commune, Thanh Tri district, Hanoi city.

The reason for dissolution is that Mobile World restructured its subsidiary to optimize operations.

The Gioi So Tran Anh is a company operating in the field of electronics retail. It used to be the leading distributor in the field of information technology and electronics equipment in the Northern market. During the period 2007-2017, the company's revenue grew continuously and reached a record level of more than 4,000 billion VND in 2016.

Since the end of 2018, Tran Anh has converted its business model to a partnership model through leasing premises, offices, assets and brands. Inventory is no longer recorded and assets are mainly deposits in banks to earn annual interest.

By early 2021, Mobile World officially acquired Tran Anh and continuously purchased small shares to increase its ownership ratio to over 99% of capital. At the time of acquisition by MWG, Tran Anh owned a system of more than 30 supermarkets and held about 17% of the market share in the Northern region.

Although the supermarkets are large in scale and located in prime locations, in reality, Tran Anh Electronics' operating efficiency is not high, and annual profits are low.

One year after being acquired, Tran Anh shares were delisted on September 14, 2018, closing at VND34,900/unit, equivalent to a capitalization of about 865 billion VND .


Source

Comment (0)

No data
No data

Same tag

Same category

Mu Cang Chai traffic jam until evening, tourists flock to hunt for ripe rice season
The peaceful golden season of Hoang Su Phi in the high mountains of Tay Con Linh
Village in Da Nang in top 50 most beautiful villages in the world 2025
Lantern craft village is flooded with orders during the Mid-Autumn Festival, making as soon as orders are placed.

Same author

Heritage

Figure

Enterprise

No videos available

News

Political System

Destination

Product