Mobile World finishes acquisition of Tran Anh Digital

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.”  Why Tran Anh?It is predicted that the rumoured mystery chain is Tran Anh, however, the company itself has not confirmed this information.Coincidentally, on August 4, TAG shares of Tran Anh rose to VND33,000 (US$1.5), a record high for a long time.Some people raised the question…... [read more]

When it is impossible to break through market saturation and escape the downward spiral of stagnant growth, founders of local retail businesses often decide to sell their enterprises to find other opportunities. Is this also true for Mobile World Group? Tran Anh takeover Over the weekend, new information has been revealed on the M&A deal between Tran Anh Digital World JSC (TAG) and Mobile World Investment Corporation (MWG), providing a glimpse into the staff reorganisation process. Specifically, the Board of Directors of Tran Anh has signed the decision to appoint Vu Dang Linh as chief financial officer from October 1,…... [read more]

The Competition and Consumer Protection Department under the Ministry of Industry and Trade has given the go-ahead for the merger and acquisition (M&A) deal between the two largest local electronic retailers – The Gioi Di Dong (Mobile World) and Tran Anh Digital World. Mobile World is planning to acquire 100 per cent stake in Tran Anh Digital World to form an economic concentration activity under the management of the competition authority.The tie-up between the two companies will have an impact on the structure of the retail market for electronic and IT products as they are the two largest retailers, with…... [read more]

Apparently, there has been a notable discrepancy between Tran Anh Digital’s 2017 first half financial statement and the previous self-reported financial statement that highlighted a larger net loss right before the merger with MWG.The board of directors (BoD) at Tran Anh Digital pointed out that the recently leaked information on the merger negatively influenced customer behaviour and shrunk the company’s revenue.The company’s BoD also attributed the post-audit discrepancy to the readjusted trade discounts given to providers until, which increased the cost of goods sold and decreased accumulated profit, before-tax profit, and after-tax profit.Nguyen Duc Tai, co-founder cum chairman and CEO…... [read more]

The Ho Chi Minh City Stock Exchange revealed that at the shareholders’ meeting on August 22, MWG officially raised its budget for M&A activities to $110 million, five times as much as the initial budget approved by its annual shareholders’ meeting in 2017. Accordingly, MWG is forecasted to purchase an electronics and a pharmaceutical store chain this year. Although MWG has not confirmed the electronics store chain it will acquire, rumours mention Tran Anh Digital World JSC and have been partly confirmed by a document submitted to Tran Anh’s shareholders on August 21. Specifically, Tran Anh mentioned delisting from the Hanoi Stock…... [read more]

Mobile World Corporation, one of the biggest mobile phone and accessory retailers in Viet Nam, is preparing to take over local electronics and pharmacy retail firms for VND2.5 trillion (US$111.1 million).The company’s chairman Nguyen Duc Tai said at an event on Thursday that the management board is about to ask shareholders for approval.If approved, the deals would be carried out right away as negotiations had been completed, he said.“Market researchers may find out what electronics and pharmacy retail chains are targeted, however, I cannot reveal details of the deals in public as they remain confidential.”Mobile World Corporation (MWG) said at…... [read more]

HA NOI (VNS) — 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.The closure was announced after Vingroup, the owner of the two retail and entertainment complexes, said it plans to occupy the rented space.Tran Anh Digital made the announcement regarding the closures on February 12, saying it is committed to ensuring warranty and other services for customers purchasing products at the two supermarkets.The company also said it is looking for new retail space.This year, Tran Anh is expected to open about five new supermarkets…... [read more]

HA NOI (Biz Hub) — Tran Anh Digital World JSC announced that it would open seven new stores between this month and next month, reported ictnews.vn. The stores will be opened in Ha Noi and the provinces of Vinh Phuc, Thanh Hoa, Ha Nam, Quang Ninh, Lang Son and Thai Binh. The expansion will bring the number of stores of the company to 24 with a total area of 75,000 square metres, covering 16 out of 26 Vietnamese northern provinces. The company are planning to invest in children amusement areas in order to enhance the shopping experience and diversify its…... [read more]

The closure was announced after Vingroup, the owner of the two retail and entertainment complexes, said it plans to occupy the rented space.Tran Anh Digital made the announcement regarding the closures on February 12, saying it is committed to ensuring warranty and other services for customers purchasing products at the two supermarkets.The company also said it is looking for new retail space.This year, Tran Anh is expected to open about five new supermarkets in the northern provinces and about four new ones in Ha Noi, including those being closed at the Times City and Royal City.Going forward, the firm will…... [read more]

Customers shop for mobile phones at a Mobile World store. (Photo: thegioididong.com) Hanoi (VNA) - Mobile World will open its first store, called BigPhone.com,in Phnom Penh in April.Fromnow until the end of June, Mobile World plans to launch 10-15 stores inneighbouring countries, according to the company’s official website.Earlier,Mobile World General Director Tran Kinh Doanh said the company would expand itspresence in Cambodia. Names of the stores in the country would be changed forbetter access to local customers.MobileWorld is currently one of the largest mobile phone and electronic productdistribution chains in Vietnam.Thegroup has set a target to earn 63 trillion VND (2.77…... [read more]




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