Rang Dong Long An Plastic J.S.C (Vietnam)

The subject specializes in manufacturing plastic products such as plastic packaging, synthetic leather, plastic films, etc. Materials are bought from the domestic market and imported from China, Taiwan and Thailand. Most of the finished products are provided to local companies. Besides, its products are exported to Japan, the USA, South Korea, Canada, etc. Some of its main customers are Vinamilk, Bio, Coca-Cola, Nutifood, Masan, Nestle,…   The subject is one member of Rang Dong Holding Joint Stock Company. This company is listed on HOSE under stock code “RDP”. In 2022, the revenue of the subject contributed to 33% of the group's sales. It ranked second position in the group's revenue. It indicated that it has a significant position in the group.In Nov 2023, Rang Dong Holding Joint Stock Company passed a resolution on the acquisition of capital contributions of existing shareholders in Rang Dong Long An Plastic J.S.C. The total number of additional shares expected to be purchased is 3,000,000 shares, accounting for 8.57% of the company's total charter capital. After completing the procedures, Rang Dong Holding Joint Stock Company will hold 95% of the subject's charter capital. The estimated time of purchase is the 4th quarter of 2023.