MEGAPLAS JS COMPANY
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After many times of buying shares of Binh Minh Plastics Joint Stock Company (BMP), SCG Group (Thailand) has officially announced that it has raised its stake in Binh Minh Plastics to 54%.
In addition, SCG Group of Thailand also plans to invest up to $ 6 billion to increase the strength in the plastics industry from now until 2020. Notably, SCG has also spent $ 121 million Owning shares in 7 Vietnamese plastic companies. Particularly with Tien Phong Plastic Joint Stock Company, Sekisui Chemical Company (Japan) has replaced SCG to become major shareholder in this company.
Not only Thai people found attraction of the plastic market, but also Koreans place plastic market on sight. After acquiring Minh Viet Packaging Company from Masan, Dongwon Systems Corporation (South Korea) has collectively bought shares of Tan Tien Plastic Company in the market.
Tan Tien is one of the leading companies in the field of componding packaging for the food industry with an average annual turnover of 1,300-1,500 billion VND. Most of Tan Tien's customers are big names such as Unilever, Ajinomoto, Acecook, Trung Nguyen, Vinamilk, etc.
To date, Korean Dongwon Systems Corporation has been a major shareholder in Tan Tien with a 97.83% stake. After acquiring Tan Tien, the entire Vietnamese board of directors, including the founders of the company, was "kicked out" of the company's key positions to hand over to the Korean management.
Japanese people was not as second fiddle when the MeiwaPax Group spent $ 16.5 million buying Saigon Packing Company (Sapaco); Oji Holding Corporation acquired United Packaging Company Limited; Sagasiki Vietnam buys Goldsun Printing and Packaging Company.
By HCM Law Newspapers.
