ASIA PILE HOLDINGS CORPORATION [5288.T]
TOKYO, Apr 24 (Pulse News Wire) – Asia Pile Holdings Corporation (5288.T) announced today that its subsidiary, Phan Vu Investment Corporation, will acquire additional shares in Thu Duc Long An Centrifugal Concrete Joint Stock Company (TDLA). Following the acquisition, TDLA will become a wholly-owned subsidiary of Asia Pile through Phan Vu.
The move aligns with Asia Pile's strategy to expand production capacity and market share in Vietnam amid strong economic growth and increased public investment. Asia Pile currently holds 37% of Phan Vu’s capital stock, which had a capital of ¥7,927 billion VND as of December 2025. TDLA reported total assets of ¥2,381 billion VND and net income of ¥600 million VND for the fiscal year ending December 2024.
The acquisition is expected to bolster Asia Pile's presence in the Vietnamese construction sector. Pending approval from the National Competition Commission, the transaction is scheduled for completion sometime after May 2026. Any potential impact on Asia Pile's consolidated performance for the March 2027 fiscal year will be disclosed once evaluated.
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