TLG

Thien Long Group (TLG) chairman Co Gia Tho expressed confidence in selling a controlling stake to Japan's Kokuyo, which plans to acquire 65.01% of TLG through a share transfer and public tender offer. The move aims to make TLG a subsidiary and advance its globalization strategy, leveraging Kokuyo's century-old expertise in stationery and global distribution.

TLG targets 2026 net revenue of VND 4,400 billion (+5.4%) and net profit of VND 440 billion, with a 35% dividend payout. The company is prioritizing international expansion and operational efficiency over short-term profit maximization, positioning for a new growth cycle.

TLG targets 2026 net profit of VND 440B, 1.1% below 2025 results, as rising raw material costs and a decision to hold selling prices flat pressure margins. The conservative guidance arrives ahead of Kokuyo's planned VND 4,700B acquisition of a 65.01% stake, which has not yet closed.

Thien Long Group (TLG) Chairman Co Gia Tho has applied to join the Board of Directors of Phuong Nam Culture JSC (PNC) while TLG prepares to divest its 49.49% stake in PNC. This move occurs alongside TLG's own potential acquisition by Japan's Kokuyo Group, which could take a 65.01% controlling stake in TLG. The board nomination suggests strategic oversight during the transition period as TLG restructures its investment portfolio.