Plastic Additives company updates on capital utilization progress

Plastic Additives Joint Stock Company has released its progress report on the utilization of capital raised from its stock offering, as of September 30, 2025. The company successfully mobilized VND 32,999,930,000, with net proceeds from the offering totaling VND 32,865,880,000.

The proceeds were allocated towards supplementing working capital and constructing Factory No. 2, including machinery and equipment purchases. VND 10,000,000,000 was used for loan repayment at Vietnam Joint Stock Commercial Bank, completed in Q2/2021. An additional VND 12,817,000,000 was allocated for working capital in Q2 and Q3 of 2021. For Factory No. 2, VND 4,271,706,308 has been spent on showroom, office, and fire protection systems (from Q2/2021 to Q2/2025), and VND 5,273,000,000 on machinery and equipment (from Q2/2021 to Q1/2023).

To date, the total amount spent is VND 32,361,706,308, leaving a remaining balance of VND 504,173,692. No changes or reasons for changes to the plan were reported.