Japan's Kokuyo plans $177mn injection into subsidiary to acquire controlling stake in Vietnam's Thien Long

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Japanese stationery and office furniture group Kokuyo has approved a US$177 million capital increase for its Singapore subsidiary, which was established specifically to acquire a 65.01 percent stake in Vietnamese stationery maker Thien Long Group Corporation (TLG), according to Kokuyo’s disclosure on the Tokyo Stock Exchange.

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