NAG: Ending Nagakawa Vinh Phuc project explanation
Nagakawa Vietnam JSC (HNX:NAG) explained for ending Nagakawa Vinh Phuc project as below:
Because of demand for extending operations, Nagakawa Vietnam JSC made a plan for the extending project with 15ha area in Phuc Yen industrial park in April/2008. The Company was issued Investment Certificate 19121000121 by Provincial People’s Committee on 28/4/2008 with VND 409,000,000,000 registered investment for this project. However, until now the infrastructure of Phuc Yen industrial park hasn’t been built yet and Nagakawa Vietnam JSC hasn’t space to carry out the extending project
Now, because Nagakawa Vietnam JSC needs space urgently to launch project to extend operations, the Company has changed investment plan which moves Factory No. 2 to Ba Thien 2 industrial park, Binh Xuyen ward, Vinh Phuc province. Because of change in location, the Company stopped the previous project and prepared procedures for the project on building Factory No. 2 at Ba Thien 2 industrial park.
HNX
> CLSC close Bay Hien Trading Office (08/09/2011)
> IFS: Announcement of designating IFS (08/09/2011)
> IFS: Decision on designating IFS (08/09/2011)
> Insurance stock BIC red faced after debut (08/09/2011)
> Lackluster stock market makes securities companies remain unsalable (14/09/2011)
> ASP: Record date for ballot (08/09/2011)
> VRC: Change in stock transfer restriction (08/09/2011)
> Shares soar on both exchanges on positive news (07/09/2011)
> Stocks still mixed, liquidity plunges (06/09/2011)
