SiS Distribution plans US$800,000 deal for control of Vietnam IT firm
The proposed investment would give the Thai distributor an 80% holding in SIS Technologies Vietnam LLC, which is due to start commercial operations on January 1, 2027.
Thai IT distributor SiS Distribution (Thailand) Public Company Limited is planning a US$800,000 capital injection into SIS Technologies Vietnam LLC in exchange for an 80% controlling interest. The plan was disclosed in a November 4 filing to the Stock Exchange of Thailand.
The funding would lift registered capital at the Vietnamese business to US$1 million, compared with US$200,000 currently, and turn it into a SiS Distribution subsidiary. Operating cash flow will cover the entire investment.
The company expects to complete the deal by December 30, 2026, provided regulatory procedures and the Vietnamese capital registration are completed. January 1, 2027 is the scheduled start date for commercial operations.
Founding shareholder Tran Hoai Phuong Chi’s holding will fall from 90% to 20%, while Nguyen Ngoc Bao Dung will relinquish the existing 10% interest. Chi will join SiS Distribution nominees Somchai Sittichaisrichart, Lim Kiah Meng and Lim Hwee Hai on a board comprising four members.
The subsidiary’s planned activities include wholesaling computers, peripheral equipment and software. It will also develop software, advise on and install IT systems, and offer IT management consultancy.
SiS Distribution’s board endorsed the investment in principle on June 29, 2026. The company said it wanted to reach more overseas customers, pursue international opportunities and support longer-term regional growth.
