Nguyen Hung Cuong yesterday informed the Ho Chi Minh City Stock Exchange that his personal ownership in DIG decreased by 1.5 million shares, bringing his total to 65 million shares.

This marks the third time in the past month that the chairman of DIG's Board of Directors has had shares force-sold by a securities company. The two previous instances occurred at the end of 2025 and mid-this month. The total volume of force-sold shares exceeded 3.6 million, representing nearly 0.5% of the company's equity.

Members of Nguyen Hung Cuong's family also faced continuous forced sales. Nguyen Thi Thanh Huyen, his sister and current vice chairman of the Board of Directors, had over 600,000 shares force-sold twice. His mother also had approximately 1 million shares force-sold.

Nguyen Hung Cuong at a business review conference on 23/1. *Photo: DIG Website*

Forced sales of shares occur when investors use margin and fail to deposit additional funds as share prices fall below the allowed threshold set by securities companies. Before executing a forced sale, securities companies typically notify clients one to two days in advance. To avoid a forced sale, investors must deposit more money into their margin accounts to meet the minimum safety threshold per the securities company's regulations.

On the stock market, DIG shares are experiencing a sharp decline. From over 25,000 dong in 10/2025, the stock currently trades around 16,000 dong, a loss of over 35%. In the most recent month alone, the market price adjusted by approximately 8%.

DIG was established in 1990, originally an enterprise under the Ministry of Construction before being equitized and listed on the stock exchange between 2007 and 2009. The company is a major real estate developer, with a land bank of hundreds of hectares in several localities including Ho Chi Minh City, Dong Nai, and Ninh Binh.

DIG estimated last year's final quarter revenue reached 2,835 billion dong, an increase of over 1,000% year-on-year, attributed to the successful transfer of a portion of the Dai Phuoc ecological tourism urban area project. Management stated that recognizing this transfer revenue was crucial for achieving last year's business plan. For the full year, revenue reached 4,241 billion dong, with a pre-tax profit of 826 billion dong.

Phuong Dong