An unknown buyer agreed to acquire Hoang Gia Pha Le Joint Stock Company from Pha Le Plastics Manufacturing and Technology Joint Stock Company (HOSE:PLP) on April 20, 2023. The bioard of directors of Pha Le Plastics Manufacturing and Technology Joint Stock Company approved the transaction. Pha Le Plastics Manufacturing and Technology Joint Stock Company have agreed to sell 20.4 million shares of Hoang Gia Pha Le Joint Stock Company.

The transaction is expected to close in second quarter of 2023.