On November 12, Viglacera Tien Son Joint Stock Company (VIT) will merge with Viglacera Thang Long Company (TLT) and Viglacera Hanoi Company (VIH). The aim is to streamline operations in the ceramic tile sector. Post-merger, VIT plans to issue 18.8 million shares to swap for TLT and VIH shares at a ratio of 1:1.4 and 1:1.61, respectively. TLT and VIH shares will be automatically canceled. VIT will inherit the assets and obligations of TLT and VIH, with projected revenue of 4.6 trillion VND for 2026. This restructuring is part of Viglacera’s strategy to enhance operational efficiency and sustainable development.
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