Founder Cô Gia Thọ, his sister Cô Cẩm Nguyệt, son Cô Trần Cơ Nguyên, daughter Cô Trần Dinh Dinh and former General Director Nguyễn Đình Tâm are set to be removed from Thiên Long's Board at an extraordinary shareholders' meeting planned for December, and all have submitted resignation letters. Replacement candidates have not been announced, though Kokuyo is likely to nominate them; the Japanese group announced its takeover of Thiên Long in December 2025. Under the plan, Kokuyo will first buy 46.8% of shares from CTCP Đầu tư Thiên Long An Thịnh, then make a public tender offer for up to 18.2% more, lifting its stake to up to 65.01%, and the National Competition Commission has conditionally approved the deal. Cô Gia Thọ will become Honorary Chairman for 3 years under a consulting contract, without voting rights on the Board, and has committed to 5 years of confidentiality and to avoid competing with Thiên Long's stationery business.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Nhà sáng lập Cô Gia Thọ cùng các thành viên gia đình đồng loạt rút khỏi HĐQT Thiên Long
Keywords
mergers and acquisitionsJapancorporate governance
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Related tickers and likely impact
TLG
▼ Likely negativeThien Long Group
Relevance: medium
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Personal & Household Goods |
| Industry | Nondurable Household Products |
| Market cap | 5,222 bn VND |
| P/E | 11.4 |
| P/B | 2.05 |
| Close on 11/05/2026 | 54.30 |
| Change that session | +0.37% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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