DPR: Board resolution dated Oct 09, 2017
Dong Phu Rubber Joint Stock Company announced the Board resolution dated October 09, 2017 with main contents as follows:
1) As the conflicts between two major shareholders (Dong Phu Rubber Joint Stock Company and Ngoc Giau Co., Ltd.) in Dong Phu Wood Joint Stock Company, the Board of Directors approved the dissolution of Dong Phu Wood Joint Stock Company.
2) The Board of Directors decided to establish a new wood processing company with the expected investment of VND60 billion in order to deal with materials of rubber wood and create jobs for more than 200 employees of Dong Phu Wood Joint Stock Company.
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