SCG Packaging Public Company Limited (SET:SCGP) signed an agreement to acquire 70% stake in Duy Tan Plastics Manufacturing Corporation on February 9, 2021. Post completion, Duy Tan Plastics Manufacturing Corporation will be owned and operated by the subsidiary of SCG Packaging Public Company Limited. The transaction is subject to approval by regulatory board/committee. Duy Tan Plastics Manufacturing Corporation reported total assets of VND 5000 billion and revenue of VND 4700 billion as of year ended on December 31, 2020. The transaction is expected to be completed in mid of the year, 2021. BDA Partners acted as financial advisor to Duy Tan Plastics Manufacturing Corporation.