FDC: Fideco stops investment in Trang Bang project

Foreign Trade Development and Investment Corporation of Hochiminh City (FIDECO) announced the board resolution dated August 29, 2013 as follows:

-         The Board of Directors approved not to continue investing in Trang Bang Service Urban Area and to return it to Tay Ninh province, because if FIDECO continues the investment, it will take huge costs but bring no profit.

-         The Board of Directors approved to dissolve Fideco Trang Bang Investment Joint Stock Company.

HOSE

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