Berli Jucker Public Company Limited (SET: BJC) has announced that its Board of Directors have approved the acquisition of MM Mega Market (Vietnam) Company Limited through an indirect transaction.
The company disclosed through the Stock Exchange of Thailand that its Board of Directors approved to propose to the Extraordinary General Meeting of Shareholders No. 1/2026 for consideration and approval of the acquisition of assets and connected transactions, whereby C-Distribution Asia Pte. Ltd. (CDA), a subsidiary in which the Company indirectly holds approximately 100 percent of the total issued shares of CDA, shall acquire all shares of TCC Land International (Singapore) Pte. Ltd. (TCCLI). TCCLI operates as a holding company by holding all shares in MM Mega Market (Vietnam) Company Limited (MMVN) as its sole investment.
MMVN is a juristic person incorporated under the laws of Vietnam and operates wholesale distribution centers for consumer goods with branches throughout Vietnam. The shares shall be acquired from Golden Land International Pte. Ltd. (GLI), a connected person of the Company, totaling 921,800,000 shares (representing all shares of TCCLI), at a price of approximately 24.41 baht per share, with a total value of approximately 22,500 million baht (the TCCLI Share Acquisition Transaction). The Purchaser and the Seller agree to be jointly and severally responsible to ensure that all taxes incurred in Vietnam shall be paid properly in compliance with Vietnam governing laws in all respects.
The company is determined to call for the Extraordinary General Meeting of Shareholders No. 1/2026 on Friday, February 13, 2026.
The acquisition of MM Mega Market (Vietnam) will enable BJC to expand into Vietnam’s fast-growing market, establish comprehensive retail and wholesale distribution channels, and improve operational efficiency via business integration. The deal will also strengthen the company’s regional bargaining power, diversify its product range—including private label brands—and leverage MMVN’s digital platforms to enhance market reach and collect valuable consumer data.
To fund the 22.5 billion baht transaction, BJC plans to use loans from financial institutions and/or proceed from issued debentures, ensuring that the financing aligns with its liquidity management and investment plans. The company expects the financing costs to remain close to current levels and assures that the deal will not affect its normal operations or breach any existing financial covenants.
