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Share AcquisitionCounterpartyMultiple individuals and 1 corporation (not disclosed following discussions with the counterparties)
Disclosing companyASIA PILE HOLDINGS CORPORATION
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
Execution Date / Effective Date2 July 2026 (completion of share acquisition)
Target company
Manufacture and sale of spun concrete products, including utility poles and piles
Location Tay Ninh Province, VietnamShare capital VND 150,458,020,000 (approximately ¥900 million)Date of incorporation May 2006
Net SalesVND 433.0 billion (¥2,583 million), fiscal year ended December 2025
Operating profitOperating loss of VND 123.0 billion (¥733 million), fiscal year ended December 2025
Net income for the current fiscal yearNet loss of VND 123.7 billion (¥738 million), fiscal year ended December 2025
Net assetsNet assets of VND 104.9 billion (¥625 million), fiscal year ended December 2025
Consideration and expenses
Acquisition priceNot disclosed at the request of the counterparty to the share acquisition
Type of ConsiderationCash / the method of payment for the share acquisition consideration is Not disclosed
Impact on Business Performance
The Company is currently reviewing the impact on its consolidated results for the fiscal year ending March 2027 and other related matters.
Procedures and assumptions
Conditions Precedent to ExecutionApproval by Vietnam's National Competition Commission was originally required, but became unnecessary following the enactment of relevant local laws and regulations on 1 July 2026.
| Item | Details |
|---|---|
| Transaction name | Share Acquisition |
| Counterparty name | Multiple individuals and 1 corporation (not disclosed following discussions with the counterparties) |
| Name of the Subject Company | Thu Duc Long An Centrifugal Concrete Joint Stock Company |
| Business Description of the Subject Company | Manufacture and sale of spun concrete products, including utility poles and piles |
| Location of the Subject Company | Tay Ninh Province, Vietnam |
| Capital Stock of the Subject Company | VND 150,458,020,000 (approximately ¥900 million) |
| Date of Establishment of the Subject Company | May 2006 |
| Net Sales of the Subject Company | VND 433.0 billion (¥2,583 million), fiscal year ended December 2025 |
| Operating Profit of the Subject Company | Operating loss of VND 123.0 billion (¥733 million), fiscal year ended December 2025 |
| Net Income of the Subject Company | Net loss of VND 123.7 billion (¥738 million), fiscal year ended December 2025 |
| Net Assets of the Subject Company | Net assets of VND 104.9 billion (¥625 million), fiscal year ended December 2025 |
| Acquisition price | Not disclosed at the request of the counterparty to the share acquisition |
| Type of Consideration | Cash / the method of payment for the share acquisition consideration is Not disclosed |
| Number of shares acquired | 954,415 shares (the number of voting rights is Not disclosed) |
| Voting rights ownership percentage | Before 45.9% → after 52.2% |
| Impact on Business Performance | The Company is currently reviewing the impact on its consolidated results for the fiscal year ending March 2027 and other related matters. |
| Execution Date / Effective Date | 2 July 2026 (completion of share acquisition) |
| Conditions Precedent to Execution | Approval by Vietnam's National Competition Commission was originally required, but became unnecessary following the enactment of relevant local laws and regulations on 1 July 2026. |
Items this document does not state (14)
Expenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Date of board resolutionContract DateValuation methodologyIndependent valuation institutionSpecial CommitteeManagement structure after acquisition
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The shares were originally scheduled to be acquired after approval by Vietnam's National Competition Commission. However, approval was no longer required following the enactment of relevant local laws and regulations on 1 July 2026, so the shares were acquired on 2 July 2026.
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