Thien Long’s Major Shareholder TLAT in Talks to Transfer Its Entire Stake to Japan’s KOKUYO Group

Thien Long Group Joint Stock Company (TLG) has issued an announcement updating shareholders, investors, partners, and employees on developments related to Thien Long An Thinh Investment JSC (TLAT), the largest shareholder holding 46.82% of TLG’s charter capital.

According to the Resolution of the Board of Directors meeting of Thien Long Group JSC No. 27/2025/NQ-HĐQT dated 4^th December 2025, which recorded the official notice from TLAT’s Board of Directors, we hereby inform that TLAT’s shareholders are currently engaged in negotiations, finalization, and execution of a potential transaction with KOKUYO Group – a leading Japanese corporation in stationery and office furniture – to transfer of all shares in TLAT owned by the shareholders of TLAT  to KOKUYO.

Also, as informed by TLAT’s Board of Directors, KOKUYO is also expected to conduct a public tender offer for 18.19% of TLG’s outstanding shares in accordance with Vietnamese law, aiming to acquire a total ownership stake of about 65.01% of TLG.

At this stage, the above developments have no direct impact on TLG’s day-to-day business operations. All business units continue to operate normally and stably. The Company said it remains focused on ensuring product quality, service standards, and operational efficiency -  the foundations that have shaped TLG’s reputation in the stationery industry for almost 45 years.

Information related to the proposed transactions is subject to further steps between the involved parties. TLG will receive and update information prudently, based on official notifications from our major shareholder, TLAT.

Alongside maintaining operational stability, the Company believes that the potential participation of KOKUYO, a reputable international partner from Japan, could unlock greater synergies in research, design, and product innovation for both domestic and international markets, in line with TLG’s global “Glocalization” strategy. With over a century of expertise in stationery and business solutions and a robust global presence, KOKUYO is a trusted leader in the industry. In Vietnam, KOKUYO offers products under the Campus brand and has been a business partner of the Company in recent years, collaborating on Original Equipment Manufacturing (OEM) projects to meet KOKUYO’s design and quality standards.

For employees, customers, and partners, the Company noted that operations will remain stable with no material changes to personnel or policies at this time.

The Company will continue to provide transparent and timely updates in compliance with applicable laws, ensuring the legitimate interests of shareholders and stakeholders throughout this process.

Source: Vietnam Business Forum