Viglacera Merges 3 Companies on the Market, 2 Stock Codes to be Canceled

On November 12, Viglacera Tien Son Joint Stock Company (VIT) held an extraordinary General Meeting of Shareholders to approve the merger of Viglacera Thang Long Joint Stock Company (TLT) and Viglacera Hanoi Joint Stock Company (VIH) into VIT. The purpose of the merger is to restructure and streamline the operations of the Tile Group. VIT will issue up to 18.8 million additional shares at an exchange ratio of 1 TLT share for 1.4 VIT shares and 1 VIH share for 1.61 VIT shares. Following the merger, TLT and VIH shares will automatically be canceled for trading. VIT will inherit all assets, legitimate rights, and responsibilities for debts of TLT and VIH. The merger is expected to be completed in Q4 2025 – Q1 2026, with a target revenue of over 4.6 trillion VND and a pre-tax profit of over 160 billion VND in 2026. This move aims to optimize operations and ensure sustainable development for Viglacera.