DIG Chairman Nguyen Hung Cuong Buys 5 Million Shares After Forced Sell-Offs

Overview

Nguyen Hung Cuong, Chairman of DIC Corp (ticker DIG, HOSE), has registered to purchase 5 million DIG shares between 12 October and 10 November 2026, aiming to raise his ownership to 4% (33.77 million shares). The insider buy follows multiple forced sell-offs of shares held by him and family members in July 2026, and comes as DIG reports strong H1 2026 earnings growth.

Key Facts

• Chairman Nguyen Hung Cuong registered to buy 5 million DIG shares via order matching or put-through from 12/10 to 10/11/2026.
• Pre-transaction holding: approximately 28.77 million shares, or 3.41% of charter capital; post-transaction target: 33.77 million shares, or 4%.
• Forced sell-offs in July 2026: 5.2 million shares (27-30/7), 8.19 million shares (21-23/7), and 2.69 million shares (7-9/7) belonging to Mr. Cuong.
• Family members also hit: sister Nguyen Thi Thanh Huyen (Vice Chair) had 1.65 million shares sold (27-29/7); mother Le Thi Ha Thanh had 1.25 million shares sold (27-30/7).
• H1 2026 net revenue: VND 758 billion, up 78% YoY; pre-tax profit: VND 146 billion, 9x YoY.
• 2026 full-year targets: net revenue of VND 3,000 billion and pre-tax profit of VND 600 billion, down 36% and 27% respectively from 2025 actuals.
• After two quarters, DIG has achieved 25% of its revenue target and 24% of its profit target.

What Happened

According to a company filing, DIC Corp Chairman Nguyen Hung Cuong registered to buy 5 million DIG shares with the purpose of increasing his ownership ratio. The transaction is scheduled from 12 October to 10 November 2026, using order matching or put-through methods. Prior to the purchase, Mr. Cuong held about 28.77 million shares, equivalent to 3.41% of the company’s charter capital. If successful, his stake will rise to 33.77 million shares, or 4%.

The registration follows a series of forced sell-offs (margin calls) that reduced holdings across the chairman’s family. Between 7 July and 30 July 2026, Mr. Cuong had a total of 16.08 million DIG shares liquidated by securities companies. His sister, Vice Chairwoman Nguyen Thi Thanh Huyen, had 1.65 million shares sold, and his mother, Le Thi Ha Thanh, had 1.25 million shares sold. At the 2026 annual general meeting in April, Mr. Cuong addressed shareholder concerns, stating that the forced sales were due to market volatility and that he and his family were committed to holding shares and would gradually buy back and increase ownership when conditions allowed.

Market Context

DIG shares closed at VND 9,020 on 5 October 2026 on the Ho Chi Minh Stock Exchange (HOSE). The stock has faced pressure from the forced sell-offs and broader real estate sector headwinds. The insider purchase registration may be seen as a signal of confidence, but the stock remains well below its historical highs. The Vietnamese real estate sector has been navigating tight credit conditions and regulatory changes, though recent earnings show improvement for some developers.

Strategic Significance

The chairman’s share purchase is a direct response to the margin calls that eroded his family’s stake. By increasing his ownership to 4%, Mr. Cuong aims to demonstrate commitment and stabilize investor sentiment. The timing aligns with DIG’s strong H1 2026 results, which show revenue and profit growth, although the company still has a long way to meet its full-year targets. For long-term investors, the key question is whether this insider buying marks a turning point in the company’s ownership stability and whether DIG can sustain its earnings momentum amid a challenging real estate environment.

What to Watch

• Completion of the 5 million share purchase and updated ownership disclosure, expected by 10 November 2026.
• Q3 2026 earnings release, which will show whether the H1 growth trend continues.
• Any further margin calls or forced sell-offs affecting the chairman or his family.
• Progress toward the 2026 revenue and profit targets, given the current 25% and 24% achievement.
• Regulatory filings on insider transactions and changes in major shareholder structure.