Sojitz, a Japanese general trading company, acquired more than 14.9 million shares in Vietnamese aviation services company Taseco Air Services (AST), becoming its second-largest shareholder with a 27.64% stake in its charter capital. The acquisition is reportedly expected to lead to changes in AST's management, against the backdrop of rapid growth in Vietnam's aviation industry.
Tokyo-based general trading company Sojitz was reported to have acquired more than 14.9 million shares in Vietnamese aviation services company Taseco Air Services, giving it a 27.64% ownership interest. Following the acquisition, Sojitz became the second-largest shareholder after Taseco Group, Taseco Air Services' parent company. The transaction took place during the afternoon session on 14 September, with a transaction value of approximately VND1.053 billion and an average share price of approximately VND70,532.
The Sojitz Group is a Japanese general trading company with approximately 25 subsidiaries in Vietnam operating in areas including trading, logistics, retail and agriculture. Its total investment in Vietnam has reached approximately $900 million. The investment is reportedly aligned with the group's strategy of expanding its investments in the aviation sector.