On November 12, Viglacera Tien Son Joint Stock Company (VIT) held an extraordinary general meeting to approve the merger plan with Viglacera Thang Long Joint Stock Company (TLT) and Viglacera Hanoi Joint Stock Company (VIH). The merger aims to restructure and optimize operations of the tile group under the parent company, Viglacera Corporation. After the merger, VIT will issue up to 18.8 million shares at an exchange rate of 1:1.4 for TLT shares and 1:1.61 for VIH shares. TLT and VIH shares will be canceled from trading after the swap. VIT will inherit all assets and debts of TLT and VIH, with completion expected in Q4 2025 – Q1 2026. Projected revenue for 2026 is over 4.6 trillion VND, with a pre-tax profit of over 160 billion VND. This strategy is part of Viglacera’s restructuring plan for its tile segment, including divesting from other companies.
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