Kokuyo becomes sole owner of Thien Long’s largest shareholder
The Japanese group now indirectly holds 46.82 per cent of the Vietnamese stationery maker through Thien Long An Thinh Investment JSC.
Kokuyo Co., Ltd. has taken full ownership of Thien Long An Thinh Investment JSC (TLAT), the largest shareholder of Vietnam’s Thien Long Group Corporation (TLG). An official announcement said the transfer was completed on November 6 after approval from Vietnamese authorities.
TLAT continues to own its TLG stake directly, with no change in its shareholding. Kokuyo’s indirect interest through TLAT amounts to 45,194,651 shares, equivalent to 46.82 per cent of TLG’s charter capital. Neither TLG’s outstanding share count nor its charter capital changed as a result of the deal.
Kokuyo will proceed under Vietnamese law with the remaining steps, including a public tender offer for TLG shares. TLG disclosed that offer on December 4, 2025, using information supplied by TLAT.
TLG said the ownership change has no direct effect on its daily operations. Kokuyo, founded in 1905, specialises in stationery and workplace solutions. It already markets Campus stationery in Vietnam and has worked with TLG on original equipment manufacturing projects.
