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Japanese firm acquires 23.7% stake at Transimex

Transimex Corporation's warehouse in Bình Dương Province. — Photo transimex.com.vn

HÀ NỘI — Japanese firm Ryobi International Logistics Việt Nam has acquired nearly 16.8 million shares to become the major shareholder at Transimex Corporation.

The deal was executed on December 14, 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 23.7 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 14, Casco Investments Limited offered the entirety of more than 17.2 million shares for sale, equal to 24 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 VNĐ560 billion (US$24.2 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 1.16 million shares between November 12 and December 11. However, the deal failed.

After the one-month period, Toàn Việt Investment Co still holds 3.62 million shares, equal to 5.1 per cent of capital at Transimex Corporation.

Thiên Hải Investment and Trading Co has registered to sell more than 2.2 million shares or 3.14 per cent of Transimex’s capital between December 18 and January 15, 2021.

Transimex shares, listed on the Hồ Chí Minh Stock Exchange with code TMS, rose 1.6 per cent to VNĐ37,600 ($1.63) apiece on Friday.

Transimex shares have soared more than 31 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 2014, focusing on logistics and warehouse provision.

Transimex Corporation was established in 1983. The company was equitised in 2000 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 30 recorded VNĐ3.82 trillion worth of total assets, including VNĐ1.3 trillion worth of short-term assets and VNĐ2.52 trillion worth of long-term assets.

Total debts were worth VNĐ1.52 trillion in September-end with more than half being borrowed from creditors.

Owners’ equity was worth VNĐ2.3 trillion and undistributed post-tax profit was worth VNĐ886 billion.

In January-September, total revenue increased by 29 per cent on-year to nearly VNĐ2.3 trillion and beat the full-year plan. Nine-month post-tax profit gained nearly two-fifths on-year to VNĐ234 billion. — VNS


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