"King of ballpoint pens" Thien Long speaks out about the news that a Japanese corporation wants to take over

(NLDO) - Thien Long affirms that current developments will not directly affect the company's production and business activities.

On December 4, Thien Long Group Corporation (stock code: TLG) notified shareholders about information related to Thien Long An Thinh Investment Corporation (TLAT), the largest shareholder owning 46.82% of the company's charter capital.

Specifically, TLAT is in the process of negotiating with KOKUYO Group - Japan's leading enterprise in the field of stationery and office furniture, to transfer all of TLAT's shares held at Thien Long to KOKUYO Group.

KOKUYO Group plans to make a public offering to buy up to 18.19% of TLG shares as prescribed, increasing its ownership to 65.01% of charter capital at Thien Long.

Thien Long emphasized that at this stage, the above developments will not directly affect the company's production and business activities.

At the same time, for employees and partners, the company will not have any major changes in personnel or policies during the current period. "The company hopes that all parties will continue to feel secure while all operations continue as planned" - Thien Long informed.

Thien Long's move came on the same day that Kokuyo Group announced it would acquire Thien Long through two transactions including share purchase and public offering.

The estimated value of the deal is up to 27.6 billion yen (4,500 billion VND), equivalent to about 79,000 VND/share, which Kokuyo will use its own capital to pay.

Kokuyo said the acquisition of Thien Long is a strategic step in its plan to expand globally in the stationery industry, aiming to become the leading brand in Asia by 2030.

The Group assesses that Thien Long possesses strong production capacity, large market share in Vietnam and wide distribution network in ASEAN - factors that are suitable for Kokuyo's development strategy.

Currently, Kokuyo is expanding to many Asian markets such as China, Thailand, Vietnam, Indonesia, Malaysia, Singapore...

The TLAT purchase is scheduled to be completed in August 2026, while the public offering will take place between October and November 2026, subject to regulatory approval.

Regarding business results in the first 9 months of the year, Thien Long recorded net revenue of more than 3,225 billion VND, up 10.7% over the same period last year. However, after deducting expenses, profit after tax decreased by 10.7%, reaching nearly 376 billion VND.

With the achieved results, Thien Long has achieved 77% of the revenue target and 84% of the profit target.

On the stock market, TLG shares are at VND64,200/share, up more than 23% over the past month but only slightly up 0.5% compared to the beginning of 2025.

Thien Long is a familiar brand to Vietnamese people. Starting from a small production facility in 1981, Thien Long Group has left a deep impression on Vietnamese people over the past decades with its familiar ballpoint pen line.

Source: https://nld.com.vn/vua-but-bi-thien-long-len-tieng-truoc-thong-tin-tap-doan-nhat-ban-muon-thau-tom-196251204192331955.htm