GMC: Delay project investment

Saigon Garment Manufacturing Trade Joint Stock Company (GARMEX) has informed of delaying project investment as follows:

Due to the difficult time of the financial market, the company has planned to delay investment on projects which was passed in the annual shareholders’ meeting dated April 4th 2008. The postponed projects also include constructing the office building at 213 Hong Bang, Ward 11, Dist.5, HCMC.

At present, the company is in the progress of negotiating and signing association contract with the HCMC University Medical Center in order to its use premises for deploying medical treatment till the year of 2010.

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