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Printing company forced to shut up shop

Update: March, 16/2013 - 09:52

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


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