Tuan Loc Commodities
In September 2021, Tuan Loc Group acquired 100% of Tin Nghia Commodities from Tin Nghia Corporation (Timexco). Following the acquisition, Tuan Loc Group renamed the company Tuan Loc Commodities and augmented the company’s charter capital by a factor of ten, to VND 400 billion (equivalent to approximately US$18 million).
The purpose of Tuan Loc’s acquisition of Tin Nghia Commodities is to establish a leading agri-business in Vietnam by capitalizing on the group’s robust financial position and internal synergies, particularly between its agri-business and seaport divisions.