August 10, 2022
Mitsubishi Logistics CorporationAcquisition of minority shares in In Do Trans Logistics Corporation in Vietnam
Long-time partners in Vietnam will move on to the next-level relationships

Tokyo, Japan. Mitsubishi Logistics Corporation, an international integrated logistic service
provider headquartered in Tokyo, Japan (“MLC”; Mr. Masao Fujikura, President) has
completed the acquisition of 13.63% of the outstanding shares of In Do Trans Logistics
Corporation in Vietnam, a major integrated logistics service provider in Indochina
headquartered in Ho Chi Minh City, Vietnam (“ITL”; Mr Ben Anh, General Director & CEO) on
August 9, 2022.
The details of the transaction are as follows:(1) Acquisition ratio:

13.63% of the total number of issued shares(2) Acquisition date:August 9, 2022

(3) Acquisition method: Purchase of all shares owned by one of the existing shareholders(a private equity fund managed by Franklin Templeton)
Mr. Masao Fujikura, President of MLC said, “ITL and MLC have a long and successful
business partnership over the past decade in the country where remarkable economic
development has been achieved, and we are excited about further strengthening thispartnership by taking a minority stake in this fast-growing and aggressively-diversifying
premium logistics player in Indochina.”
In 2011 MLC and ITL established a joint venture company MLC ITL Logistics Co., Ltd. in
Vietnam (owned 51% by MLC and 49% by ITL) with offices in Hanoi and Ho Chi Minh City.
Since then the joint venture has developed domestic logistics business, such as warehousing,transportation, distribution & processing, and handling of air & sea import & export.
In recent years, MLC has articulated a long-term vision called "MLC2030 Vision" in which oneof the business growth targets is the increasing demand for high-quality cold chain solutions inSoutheast Asia and other neighboring countries. This vision has been translated into thepolicy of expanding the support to supply chain of MLC’s customers in medical & healthcare
and food & beverage industries as well as strengthening the forwarding business.

1Concurrently, ITL aims to become a significant player in new business segments such as cold
chain logistics and port logistics in Vietnam through organic development and M&A activities.
Mr. Munenori Kimura, Director & Managing Executive Officer of MLC said, “as such growth
direction of ITL has a high affinity with that of MLC, we have decided to strengthen therelationship with ITL.

By combining our know-how and customer network with the extensive

capabilities of ITL, we aim for further business expansion in Vietnam and the Indochinaregion.”
About In Do Trans Logistics Corporation (ITL)• Establishment: January 2000
• Headquarters: Ho Chi Minh City, Vietnam• Capital:

VND720.1 billion (as of March 2022)• Employees:

Approx. 2,200 for the group• Main business: Aviation, freight management, contract logistics, railway logistics,
e-commerce logistics• Website: https://itlvn.com/
About Mitsubishi Logistics Corporation (MLC)• Establishment: April 1887
• Headquarters: Tokyo, Japan• Capital:

JPY22,393 million (as of March 2022)• Employees:

4,732 for the group (as of March 2022)• Main business: Warehousing, international & domestic transportation (sea & airforwarding), port & harbor operation, real estate• Website: https://www.mitsubishi-logistics.co.jp/english/

Contact:
Corporate Communications Chamber
Tel; +81-3-3278-6652

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