Tien Long Group shares were transferred to Japan's KOKUYO Group, and 5 directors, including founder Koh Jia Toh (コー・ジア・トー), resigned. KOKUYO has disclosed its acquisition plan and honorary chairman agreement.
TLAT, which holds shares in Tien Long Group, transferred all of its shares in the company to the KOKUYO Group as part of a transaction concerning Tien Long dated 4 December 2025. As a result, the KOKUYO Group will become the sole holder of Tien Long shares.
On the same day, the KOKUYO Group announced 2 transactions to acquire Tien Long and make it a subsidiary: the acquisition of shares and a market purchase of 18.19% of the shares.
Tien Long announced that the resignations of 5 directors, including Chairman Koh Jia Toh (コー・ジア・トー), had been accepted. Koh Kam Nguyet (コー・カム・グエット) is Mr. Toh's sister, and her resignation notice was accepted by the board on 4 November.
Koh Jia Toh (コー・ジア・トー) entered into a contract to engage in activities such as supporting the company's external relations for the next 3 years as honorary chairman, but will not be involved in management and will have no voting rights. His annual salary is VND 120 million. He will be subject to obligations including non-compete restrictions during the contract term and for 2 years after its end.
Revenue for 2026 Q3 was approximately VND 1.268 trillion, and profit after tax was VND 107 billion. Revenue increased 7% year on year and profit increased 41.1%. Revenue for the first 9 months was approximately VND 3.621 trillion, while profit after tax was VND 422 billion, representing year-on-year increases of 11.9% and 11.8%, respectively.