AsemconnectVietnam - Pha Le Plastic Manufacturing and Technology Joint Stock Company (PLP - HOSE) will have an additional subsidiary after completing the purchase of 350,000 shares in Neo Global Manufacturing and Trading Joint Stock Company.

On December 31, 2025, Pha Le Plastic completed the purchase of 350,000 shares, equivalent to 70% of the charter capital of Neo Global Manufacturing and Trading Joint Stock Company.
After the transaction, Neo Global became a subsidiary of Pha Le Plastic.
Previously, on April 20, 2025, Pha Le Plastic approved the plan to acquire shares in Neo Global.
According to our research, Neo Global was established on December 25, 2023; its address is Hop Tien Hamlet, Dong Loc Commune, Nghe An Province; the legal representative is Nguyen Hai Trung; and operates in the field of plastic product manufacturing.
In terms of business performance, in the first nine months of 2025, Pha Le Plastic recorded revenue of VND1,937.49 billion, an increase of 38.3% compared to the same period, and after-tax profit of VND17.29 billion, an increase of 923.1% compared to the same period. The gross profit margin improved from 2.8% to 6.9%.
In 2025, Pha Le Plastic plans to achieve revenue of VND2,700 billion and pre-tax profit of VND25 billion.
Thus, at the end of the first nine months of 2025, with pre-tax profit reaching VND17.29 billion (pre-tax and after-tax profits are the same as no taxes were incurred in the first nine months of 2025), Pha Le Plastic has completed 69.2% of its annual plan.
N.Nga
Source: VITIC/Tinnhanhchungkhoan