Foreign shareholders keep occupying major stakes in e-commerce platform Tiki

10:00 | 16/06/2020
Together with increasing its capital in May, foreign shareholders of local e-commerce platform Tiki raised their ownership rate to more than 54.5 per cent.
foreign shareholders keep occupying major stakes in e commerce platform tiki
Tiki's shareholder restructuring also sees the presence of Success Elite Holdings Ltd.

At the same time, the ownership rate of Tiki’s foreign investors also rallies from 49.714 per cent to 54.501 per cent. Nevertheless, founder Tran Ngoc Thai Son still keeps his position as chairman of the management board.

The local e-commerce platform has been receiving foreign investment since 2012 when the Japanese CyberAgent Venture poured $500,000 into the firm. Later on, Tiki also received funds from Sumitomo, STIC, KIP, and others.

Specifically, Sumitomo currently holds 3.47 per cent of Tiki’s shares, while occupies a bit more than 20 per cent. Meanwhile, Ubiquitous Trader Pte Ltd. is also a big shareholder of Tiki, holding nearly 11 per cent of the e-commerce platform.

The capital increase coincides with the company's latest capital mobilisation of $130 million, with its shareholder restructuring seeing the presence of Success Elite Holdings Ltd.

Meanwhile, Tiki's shareholders also include the individual investor Huan Dinh Nguyen, general director of Eton JSC which is specialised providing logistic and warehouse services for e-commerce retailers and vendors.

Eton JSC was founded in September 2016 with the main business line being management and consultancy and initial charter capital of about VND200 million ($8,700). Previously, the company was owned by Trinh Thi Thuy Uyen; however, as of April 2017, the position was transferred to Huan Dinh Nguyen.

By Van Anh

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