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Vietnam Manufacturing & Export Processing Ends Investment Cooperation

Story Highlights
  • Vietnam Manufacturing & Export Processing terminates investment due to regulatory changes.
  • Termination ensures refund and compensation, with no adverse financial impact expected.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Vietnam Manufacturing & Export Processing Ends Investment Cooperation

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Vietnam Manufacturing & Export Processing (Holdings) Ltd. ( (HK:0422) ) has shared an update.

Vietnam Manufacturing & Export Processing (Holdings) Ltd. has announced the termination of an Investment Cooperation Memorandum with its business partner, Dinh Duong, due to changes in Vietnamese laws and regulations causing delays. The termination agreement ensures a full refund and compensation to Dinh Duong, and the company states that this decision will not adversely affect its financial performance or operations.

More about Vietnam Manufacturing & Export Processing (Holdings) Ltd.

Vietnam Manufacturing & Export Processing (Holdings) Ltd. is a company incorporated in the Cayman Islands, primarily engaged in manufacturing and export processing activities. It operates in the industrial sector with a focus on producing and exporting goods from Vietnam.

Average Trading Volume: 51,394

Technical Sentiment Signal: Hold

Current Market Cap: HK$444.8M

Find detailed analytics on 0422 stock on TipRanks’ Stock Analysis page.

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