DIG Chairman Nguyen Hung Cuong Registers to Buy 5 Million Shares

Overview

DIC Corp Chairman Nguyen Hung Cuong has registered to purchase an additional 5 million DIG shares between October 12 and November 10, 2026, a transaction that would raise his personal holding from 3.41% to 4%. The insider filing lands alongside the completion of the company’s 2025 stock dividend, which distributed nearly 47.8 million new shares and lifted charter capital to almost VND 8,442 billion. DIG trades on HOSE and last closed at 9,300.

Key Facts

• Chairman Nguyen Hung Cuong registered to buy 5 million DIG shares from October 12 to November 10, 2026.
• The purchase would lift his ownership from roughly 28.8 million shares (3.41%) to about 33.8 million shares (4%).
• Transaction method: order matching (khop lenh) or put-through (thoa thuan).
• DIC Corp completed a 2025 stock dividend of nearly 47.8 million shares to 83,465 shareholders, at a 100:6 ratio.
• The dividend was funded from audited undistributed after-tax profit as of December 31, 2025, with par value of nearly VND 478 billion.
• Charter capital rose from more than VND 7,964 billion to nearly VND 8,442 billion after the issuance.
• On October 6, 2026, the board approved termination of the DIC Him Lam Project Management Branch under Resolution No. 161/NQ-DIC Group-HDQT.

What Happened

DIC Corp (Ticker: DIG) disclosed that Chairman of the Board Nguyen Hung Cuong filed a notice of insider transaction to acquire 5 million additional DIG shares during the window from October 12 to November 10, 2026. The shares would be bought through order matching or negotiated put-through. On completion, his stake would move from approximately 28.8 million shares, or 3.41% of the company, to roughly 33.8 million shares, or 4%. The disclosure was made under standard insider-transaction reporting rules.

Separately, on September 21, 2026, the board issued a resolution approving the results of the 2025 stock dividend. DIC Corp distributed nearly 47.8 million shares to 83,465 shareholders at an exercise ratio of 100:6, meaning every 100 shares held entitled the holder to six new shares. The issuance carried a total par value of nearly VND 478 billion, funded from audited undistributed after-tax profit as of December 31, 2025, and raised charter capital from more than VND 7,964 billion to nearly VND 8,442 billion. The company also moved on October 6, 2026 to wind down its DIC Him Lam project management branch, and on September 25, 2026 appointed independent board member Dinh Hong Ky as Chairman of the Strategy and Sustainable Development Committee, replacing Nguyen Hung Cuong in that role.

Market Context

DIG closed at 9,300 on October 6, 2026 on HOSE, a level that places the registered purchase value of 5 million shares at roughly VND 46.5 billion at the last traded price. The stock sits in the real estate sector, which has been sensitive to credit conditions, bond-market access and project approval timelines in Vietnam. The combination of a chairman-led open-market purchase and a completed stock dividend increases the share count while signaling continued insider commitment at a low absolute price point.

Strategic Significance

For long-term holders, the signal is twofold. First, a chairman buying into his own stock at a sub-10,000 dong price is a direct alignment of interest, particularly when the purchase would push his stake through the 4% threshold. Second, the stock dividend converts retained earnings into permanent equity, strengthening the balance sheet without cash outflow, but it also dilutes per-share metrics by roughly 6%. The wind-down of the DIC Him Lam branch suggests management is consolidating project oversight, which matters for a developer whose valuation depends on execution at specific residential and urban projects rather than on headline capital increases.

What to Watch

• Disclosure of the actual number of shares purchased after the November 10, 2026 window closes.
• Whether other board members or related parties file matching insider registrations.
• Q3 2026 earnings release for progress on revenue recognition and inventory at key projects.
• Any further resolutions on project-level restructuring following the DIC Him Lam branch termination.
• Foreign-ownership room and trading-liquidity data for DIG on HOSE as the dividend shares become freely tradable.