HCM CITY — Japan's Kokuyo Group wants to buy more than 65 per cent of capital at Thiên Long Group (TLG), a leading enterprise in the pen and stationery industry in Việt Nam.

Thiên Long Group Joint Stock Company (TLG), on December 4, also announced a potential transaction with KOKUYO Group, by transferring of all shares in Thiên Long An Thịnh Investment JSC (TLAT), the largest shareholder holding 46.82 per cent of TLG’s charter capital, to KOKUYO.

TLG’s Board of Directors informed that TLAT’s shareholders are currently engaged in negotiations, finalisation 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.

TLAT’s Board of Directors also said that KOKUYO is also expected to conduct a public tender offer for 18.19 per cent of TLG’s outstanding shares in accordance with Vietnamese law, aiming to acquire a total ownership stake of about 65.01 per cent of TLG.

TLG said that 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. During this period, the group remain focused on ensuring product quality, service standards and operational efficiency.

TLG believes that the potential participation of KOKUYO could unlock greater synergies in research, design, and product innovation for both domestic and international markets, in line with TLG’s global 'Glocalisation' strategy.

In Việt Nam, KOKUYO offers products under the Campus brand and has been a business partner of the TLG in recent years, collaborating on Original Equipment Manufacturing (OEM) projects to meet KOKUYO’s design and quality standards.

Established in 1981, Thiên Long is the leading stationery brand in Việt Nam, offering over 1,000 products under key brands such as Thiên Long, Flexio, Colokit and FlexOffice. The company manufactures and exports its products to more than 74 countries worldwide. — VNS