On December 4th, Thien Long Group Joint Stock Company (stock code: TLG) announced to shareholders information regarding Thien Long An Thinh Investment Joint Stock Company (TLAT), the largest shareholder holding 46.82% of the company’s charter capital.
Specifically, TLAT is in negotiations with Kokuyo Group, a leading Japanese company in stationery and office furniture, to transfer all of TLAT’s shares in Thien Long to Kokuyo Group.
Kokuyo Group plans to publicly acquire up to 18.19% of TLG shares as per regulations, increasing its ownership to 65.01% of Thien Long’s charter capital.
Thien Long emphasized that at this stage, these developments will not directly impact the company’s production and business operations.
Additionally, there will be no significant changes in personnel or policies for employees and partners during this period. “The company hopes that all parties will continue to accompany us with confidence, as all operations are proceeding as planned,” Thien Long stated.
Thien Long’s move comes as Kokuyo Group announced on the same day its intention to acquire Thien Long through two transactions: share purchase and public tender offer.
The deal is valued at approximately 27.6 billion yen (4.5 trillion VND), equivalent to around 79,000 VND per share, with Kokuyo using its own capital for payment.
Kokuyo stated that acquiring Thien Long is a strategic step in its global expansion plan for the stationery industry, aiming to become a leading brand in Asia by 2030.
The group recognizes Thien Long’s strong production capabilities, large market share in Vietnam, and extensive distribution network in ASEAN—factors that align with Kokuyo’s development strategy.
Currently, Kokuyo operates in several Asian markets, including China, Thailand, Vietnam, Indonesia, Malaysia, and Singapore.
According to the timeline, the TLAT acquisition is expected to be completed by August 2026, while the public tender offer will take place from October to November 2026, subject to regulatory approval.
In the first nine months of the year, Thien Long reported net revenue of over 3,225 billion VND, a 10.7% increase compared to the same period last year. However, after deducting expenses, net profit after tax decreased by 10.7%, reaching nearly 376 billion VND.
With these results, Thien Long has achieved 77% of its revenue target and 84% of its profit target.
On the stock market, TLG shares are trading at 64,200 VND per share, up more than 23% in the past month but only slightly increased by 0.5% since the beginning of 2025.
Thien Long is a familiar brand to Vietnamese consumers. Starting from a small production facility in 1981, Thien Long Group has left a lasting impression on Vietnamese people over the decades with its iconic ballpoint pens.
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