Tran Anh Digital World was once one of many main electronics and laptop retailers within the North greater than 10 years in the past.
Cellular World Funding Company (inventory code: MWG) has simply introduced that the Board of Administrators has accepted the choice to dissolve Tran Anh Digital World Company (Tran Anh Firm – a subsidiary of Cellular World) for the aim of optimizing operations.
Tran Anh Firm, previously Tran Anh Buying and selling – Service Firm Restricted, was established in 2002. This firm was once one of many main electronics and laptop retailers within the Northern area from 2007 to 2017.
Up to now, Tran Anh Firm has constantly recorded steady income progress through the years. Probably the most notable yr was 2016, when it achieved a document excessive income of over 4,000 billion VND.
Discover of dissolution of Tran Anh Digital World Joint Inventory Firm Supply: Cellular World
Nonetheless, after large enlargement, by 2017, the corporate’s income had dropped considerably and it reported a lack of greater than 60 billion VND. By early 2018, Cellular World had acquired 99.3% of Tran Anh Firm’s shares.
After being acquired by Cellular World, Tran Anh Firm’s enterprise has not improved as income from 2019 to 2022 solely fluctuated between 130 – 135 billion VND per yr.
After being merged with Cellular World, Tran Anh Firm’s TAG shares have been delisted from the Hanoi Inventory Alternate (HNX) and transferred to buying and selling on UPCoM, then had their public firm standing revoked in October 2022.
Beforehand, additionally for the explanation of optimizing operations, Cellular World dissolved two subsidiaries, Toan Tin Logistics JSC and 4KFARM JSC.
By the top of June 2024, the Cellular World retail chain (together with Topzone) had 1,046 shops, a lower of 134 shops in comparison with the identical interval final yr.
Relating to enterprise outcomes, within the first half of 2024, Cellular World recorded web income of VND 65,620 billion, a rise of 16% over the identical interval; revenue after tax reached VND 2,075 billion, a rise of greater than 52 occasions over the identical interval final yr, finishing 86.5% of the revenue plan for the entire yr of 2024.
