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Japan’s Kokuyo moves to acquire majority stake in Vietnam’s Thien Long Group
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Japan’s Kokuyo moves to acquire majority stake in Vietnam’s Thien Long Group
Under the proposed structure, Kokuyo will first acquire all shares in Thien Long An Thinh (TLAT), the entity holding 46.82 per cent of Thien Long and owned by the company's founder and close associates. The group will then launch a public tender offer for an additional 18.19 per cent of Thien Long's shares on the market. If both steps are completed as planned, Kokuyo will hold 65.01 per cent, making Thien Long its subsidiary. The deal is valued …
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