A new company emerges with a logo similar to a 65-year-old plastic industry symbol, and several affiliated companies of Rang Dong change CEOs before the “disaster” of the General Meeting of Shareholders

Rang Dong Holdings Joint Stock Company (RDP) is in serious trouble as all board members resigned and no one attended the annual shareholder meeting. Several affiliated companies have changed CEOs, including Rang Dong Long An and Rang Dong Films. Meanwhile, a new company has emerged named Rang Dong Plastic HĐ Joint Stock Company with a similar logo, operating in the plastic manufacturing sector. RDP, established in the 1960s, has faced difficulties since 2023 due to lawsuits. Revenue fell by 45% in the first half of 2024, incurring a loss of 65 billion VND, with debts exceeding 1.7 trillion VND. A subsidiary submitted a bankruptcy petition, and RDP’s shares were delisted in April 2025.