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- PLP Placed Under Trading Restriction, Chairman Sends Open Letter to Shareholders
HOSE moved PLP shares from the control list to the trading restriction list effective 23/10, because the company was more than 45 days late in filing its 2026 semi-annual reviewed financial statements. Chairman Lê Mai Thanh Phương had earlier sent an open letter to shareholders, attributing the delay mainly to a later-than-planned audit contract with the new auditor UHY, and said PLP aims to publish the statements in October 2026. The letter said nine-month revenue is estimated at 2.42 thousand billion VND, up 25%, with sales volume of about 3.6 million m2. The company also cited positive signals, including the SPC flooring plant being about 60% filled to design capacity and contracts with United Weaver and Flooring Partner, and said it sees the episode as a chance to tighten governance discipline and transparency.
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