Japanese firm acquires 23.7% stake at Transimex

Japanese firm acquires 23.7% stake at Transimex

HÀ NỘI — Japanese firm Ryobi International Logistics Việt Nam has acquired nearly  一 六. 八 million shares to become the major shareholder at Transimex Corporation.

The deal was executed on December  一 四, the Japanese logistics company said in a filing to the Hồ Chí Minh Stock Exchange (HoSE).

After the deal, Ryobi International Logistics Việt Nam owns  二 三. 七 per cent of the capital at Transimex Corporation.

Ryobi International Logistics Việt Nam has replaced Casco Investments Limited in the shareholder structure of Transimex Corporation.

On December  一 四, Casco Investments Limited offered the entirety of more than  一 七. 二 million shares for sale, equal to  二 四 per cent of capital.

The shares were completely sold on the day and Casco Investments Limited was no longer the major shareholder at Transimex Corporation.

Casco Investment Ltd was reported to earn VNĐ 五 六0 billion (US$ 二 四. 二 million) from the divestment.

Beside Casco Investment Limited, some other shareholders have also wanted to divest from Transimex.

Toàn Việt Investment Co wanted to sell  一. 一 六 million shares between November  一 二 and December  一 一. However, the deal failed.

After the one-month period, Toàn Việt Investment Co still holds  三. 六 二 million shares, equal to  五. 一 per cent of capital at Transimex Corporation.

Thiên Hải Investment and Trading Co has registered to sell more than  二. 二 million shares or  三. 一 四 per cent of Transimex’s capital between December  一 八 and January  一 五,  二0 二 一.

Transimex shares, listed on the Hồ Chí Minh Stock Exchange with code TMS, rose  一. 六 per cent to VNĐ 三 七, 六00 ($ 一. 六 三) apiece on Friday.

Transimex shares have soared more than  三 一 per cent in the last week.

Ryobi International Logistics Việt Nam is the member of the Japan-based Ryobi Holding. The company was founded in September  二0 一 四, focusing on logistics and warehouse provision.

Transimex Corporation was established in  一 九 八 三. The company was equitised in  二000 and debuted on HoSE the same year.

Transimex specialises in delivery and transport of imports and exports, and provides warehouse services. The company has six subsidiaries and seven affiliates.

Transimex on September  三0 recorded VNĐ 三. 八 二 trillion worth of total assets, including VNĐ 一. 三 trillion worth of short-term assets and VNĐ 二. 五 二 trillion worth of long-term assets.

Total debts were worth VNĐ 一. 五 二 trillion in September-end with more than half being borrowed from creditors.

Owners’ equity was worth VNĐ 二. 三 trillion and undistributed post-tax profit was worth VNĐ 八 八 六 billion.

In January-September, total revenue increased by  二 九 per cent on-year to nearly VNĐ 二. 三 trillion and beat the full-year plan. Nine-month post-tax profit gained nearly two-fifths on-year to VNĐ 二 三 四 billion. — VNS