KOKUYO Group will acquire all shares of Thien Long An Thinh Investment Joint Stock Company and will thereby come to indirectly hold 46.82% of Thien Long Group. The tender offer and the extraordinary general meeting of shareholders will be the key areas of focus going forward.
KOKUYO Group will acquire all shares of Thien Long An Thinh Investment Joint Stock Company and will thereby come to indirectly hold 46.82% of Thien Long Group's capital. This will alter Thien Long's capital structure, resulting in KOKUYO Group indirectly controlling the company. Official information on the tender offer is expected to be announced going forward.
Under Thien Long Group's plans, the acquisition of Thien Long An Thinh Investment Joint Stock Company is expected to be completed in August 2026, while the tender offer is expected to be conducted from October to November 2026, subject to regulatory approval. This will advance the process of bringing TLG under KOKUYO Group's control.
At the end of 2025, Thien Long Group announced two transactions involving an acquisition and the making of a subsidiary, including the acquisition of shares in Thien Long An Thinh Investment Joint Stock Company, which currently holds 46.82%, and a plan to acquire 18.19% of TLG through a tender offer in the market.
The agenda for the extraordinary general meeting of shareholders proposes the removal of multiple directors serving terms from 2025 to 2028 and the election of their successors. It is expected that 5 of the 9 directors will be subject to removal. The new controlling shareholder is considered highly likely to nominate the successor candidates.
For fiscal 2025, Thien Long Group reported net sales of VND 126.8 billion and profit after tax of VND 10.7 billion, an increase from the previous year. For the first half of 2025, cumulative net sales were VND 362.1 billion and profit after tax was VND 42.2 billion.