Plastic Additives approves 62 bn VND in inter-company contracts

The board of directors of Plastic Additives Joint Stock Company (PGN) has passed a resolution to approve the execution of contracts and transactions with Plastic Additives Joint Stock Company Vinh Phuc, an affiliated party. This decision, formalized on October 27, 2025, follows legal frameworks including the Securities Law 54/2020/QH14 and Enterprise Law 59/2020/QH14.

The approved transactions encompass a range of regular activities, including the provision of services, and the buying and selling of goods, raw materials, and assets. While the specific value of each transaction will be determined by the company's general director, the total estimated value of these transactions is capped at VND 62 billion. These dealings are set to commence from the point Plastic Additives Joint Stock Company Vinh Phuc becomes an affiliated party and will continue until the General Meeting of Shareholders' Resolution is issued in 2026.

The general director has been delegated authority to decide on specific terms, conditions, and to sign and implement all related contracts and documents, including any modifications or terminations. Members of the board of directors, the board of management, the supervisory board, and all relevant departments and individuals are responsible for implementing this resolution, which is effective from its signing date.