WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Investment / News
Cadivi Dong Nai to increase holding in Hanoi Plastics to over 55%
Ngoc Thuy 19:23, 2018/06/13
Cadivi Dong Nai has registered to purchase 2 million shares of Hanoi Plastics, lifting its shareholding from 25% to over 55%.
The transaction period is scheduled from June 12 to July 11, informed the Hanoi Stock Exchange. 
 
Illustration photo.
Illustration photo.
Cadivi Dong Nai is currently the largest shareholder at Hanoi Plastics, owning 1.62 million shares or 25% of charter capital. The other three major shareholders of Hanoi Plastics include MB Capital with 8.34% stakes, IB Securities with 8.29% and Red Capital with 5.71%. 

Hanoi Plastics is currently a supplier for companies such as Honda, Ford, Piaggio, American Standard, Hashimoto, among others, according to the company's profile.

In addition to processing various thermoplastic, Hanoi Plastics has supplied products from thermosetting such as phenolic and bakelite on the modern injection molding machines to many manufactures.

At the end of 2007, Hanoi Plastics put over 1.12 million shares on offer in its initial public offering (IPO) with a reference price of VND10,300 (US$0.45) apiece. Around 834,800 shares were sold at an average price of VND27,958 (US$1.22). 

The plastic company made its debut on the Unlisted Public Company Market (UPCoM) on September 8, 2017, trading over 6.5 million shares at a reference price of VND66,000 (US$2.88) apiece. Hanoi Plastics was valued at VND429 billion (US$18.76 million) during that period. 

In 2017, Hanoi Plastics posted revenue of US$850 billion (US$37.1 million) and after-tax profit of VND40 billion (US$1.75 million). 
Other news
14:43, 2024/11/18
Aircraft manufacturer Embraer seeks comprehensive aviation partnership with Vietnam
The Vietnamese leader urges the aircraft manufacturer to collaborate on technology transfer, airport construction and operation, research, and investment in Vietnam.
21:55, 2024/10/22
Better links with FDI firms to support Hanoi businesses
Hanoi will continue to focus on quality projects, especially with partners such as Japan, the United States, and Europe to boost technology transfer.
15:24, 2024/09/24
Vietnam calls for more US investment in innovation, hi-tech
The Vietnamese leader called on relevant agencies to resolve any challenges faced by investors and enhance the investment climate to encourage greater US investment in Vietnam.
14:13, 2024/09/23
Vietnamese leader urges Boeing to build production facility in Vietnam
Boeing is committed to continuing to support the development of Vietnam's aviation ecosystem, focusing on aviation infrastructure, human resources training, airport construction, and aircraft maintenance facilities.
14:38, 2024/09/17
Foreign capital pouring into Vietnam's real estate market
Experts are optimistic that the 2024 Land Law, once enacted, will help resolve legal bottlenecks and attract more FDI.
16:27, 2024/08/24
Vietnam news in brief - August 24
Read The Hanoi Times to stay up to date on developments in Vietnam.