Saturday, June 22, 2013
DLG dissolution Ten Tung Company
It is a subsidiary of DLG with charter capital of VND10 billion, of which 51% owned by DLG. However, until 31/03/2013, this company still in operation.
JSC Duc Long Gia Lai Group (DLG - HOSE) disclosure dissolved subsidiary.
Specifically, the Joint Traffic Building Ten Tung (Tung Ten Company) has shareholder meeting on 18/6 and through the dissolution of the company.
The reason may be due to the business operations effectively, and to rearrange working model of the parent company and its subsidiaries.
At I/2013 quarterly consolidated financial statements of the DLG, Tung Ten Company is a subsidiary of DLG with charter capital of VND10 billion, DLG which owns 51% stake. However, till date 31.03.2013, the Company has not yet come into Tung Ten business.
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