HA NOI (VNS)— Dien Hong Printing Co (DHI) will dissolve this year, the company announced on Thursday.
The decision was made in February at a company shareholder meeting after 94 per cent of the board approved the dissolution.
Last year, Dien Hong earned VND8.8 billion (US$419,000) in revenue, accounting for only 56.8 percent of its 2011 figure, but its losses reached VND2.7 billion ($128,500).
Meanwhile, in 2011 the company also lost VND4 billion ($190,400).
Since the beginning of this year, DHI shares have traded at around VND5,000-8,000 ($0.23-0.38). — VNS