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The Gioi Di Dong files for public offering
HCM City Exchange on Tuesday announced to receive the document filed for the initial public offerings of the The Gioi Di Dong (Mobile World Investment Corporation; MWI Corp).
Accordingly, MWI Corp will have a charter capital of VND627.23 billion or US$29.8 million and has filed to list more than 62.723 million shares on the southern bourse.
Ban Viet Securities is the consultant for the case.
MWI Corp was founded in March 2004 and has since operated in trading and repairing mobile phones, in digital devices and in e-commerce.
The corporation's website thegioididong.com has been developed into one of the largest and busiest e-commerce websites of Viet Nam.
According to the company's 2013 financial report, MWI Corp had a turnover of more than VND9.498 trillion ($452.2 million) and more than VND258 billion ($12.2 million) in after-tax profit last year.
At the end of last year, the company paid dividends at a ratio of 372 per cent, worth VND432.9 billion ($20.6 million).
MWI Corp targeted to reach a turnover of more than VND13 trillion ($619 million) this year, increasing by 37.1 per cent over last year. The after-tax profit this year was expected at VND435 billion ($20.7 million), up 68.3 per cent.
Thegioididong.com yesterday opened its second mega-store in HCM City.
Established in 2004, thegioididong.com has opened more than 230 supermarkets nationwide.
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