At the annual shareholders’ meeting in March, MWG said it planned to buy a home appliance center through M&A and jump into the drug distribution field by taking over drug store chains. “I think if you analyse the situation, you can find out which home appliance distribution chain MWG would take over. However, I still cannot publicly talk about the deal at this moment,” Tai said at an event August 3.Analysts believe the home appliance chain Is Tran Anh.MWG runs Thegioididong (mobile phone distribution) and Dien May Xanh (home appliance distribution) with a network of 1,480 shops throughout the country. Of these, Tran Anh has emerged recently with the rapid expansion of shops.The takeover won’t be too complicated because of the simple structure of Tran Anh.President Tran Xuan Kien and his wife Do Thi Thu Huong now hold 44 percent of Tran Anh stake. The former has 60 shops and 500 workers, while the latter has over 40 shops.

Source: VietNamNet News August 11, 2017 01:18 UTC