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HHC: Minutes of investment cooperation contract liquidation On 02/07/2015, Haiha
Confectionary Joint Stock Company announced minutes of investment cooperation
contract liquidation as follows:
Haiha Confectionary Joint
Stock Company and DEVYT – ICH Company Limited signed minutes of investment
cooperation contract liquidation on 02/07/2015.
Reason of the contract
liquidation:
Asking the permission of Hanoi
City People’s Committee and other competent authorities for building the
factory moving project and changing the purpose of using land lot 25 at Truong
Dinh Street - Hanoi met many delays because of unforeseen changes in Vietnam’s
Law.
We also realize that
continuing the implementation of the project is not feasible in the current
situation and it has been almost 3 years since the contract was signed so 2
parties agreed to terminate the contract by this liquidation minutes.
Obligations and benefits of
parties:
Both two parties have been
not implemented any procedure of establishing a new company for developing the
project mentioned in the contract as yet so there is no financial constraint.
At the time of signing the minutes, liabilities of the parties are equal to
zero.
HNX
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