Japanese corporation wants to spend 4,700 billion VND to "take over" Thien Long ballpoint pen owner?

(Dan Tri) - The estimated value of the deal is up to 27.6 billion yen, equivalent to 4,700 billion VND.

On December 4, Kokuyo Group (Japan) announced that it will purchase shares of Thien Long Group Joint Stock Company (stock code: TLG), through two transactions including share purchase and public offering. According to the plan, this group will purchase all shares of Thien Long An Thinh Company (TLAT) - the unit holding 46.82% of Thien Long shares, owned by the founder and his associates.

After that, the Japanese group will also make a public offering to buy an additional 18.19% of Thien Long shares on the market.

The TLAT acquisition is scheduled to close in August 2026, while the tender offer is scheduled to take place between October and November 2026, subject to regulatory approval. Kokuyo said the deal will not have a significant impact on its 2025 results and will update the information as new developments arise.

Plan to buy shares of Japanese Group (Photo: Screenshot from Kokuyo's announcement).

If successful, Kokuyo plans to hold a total of 65.01% of shares, officially turning Thien Long into a subsidiary.

The estimated value of the deal is up to 27.6 billion yen (4,700 billion VND), equivalent to about 82,000 VND/share, paid by Kokuyo using its own capital. Thien Long's two affiliated companies, Phuong Nam Cultural JSC and PEGA Holdings JSC, are not included in the deal.

Dan Tri newspaper reporter contacted Thien Long, however the representative said there will be an explanatory announcement later.

Kokuyo is a large Japanese corporation in the field of stationery, office furniture, and workspace design, operating in Japan and many Asian countries such as China, Thailand, Vietnam, Indonesia, Malaysia, Singapore...

Source: https://dantri.com.vn/kinh-doanh/tap-doan-nhat-ban-muon-chi-4700-ty-dong-thau-tom-chu-but-bi-thien-long-20251204210406728.htm