Hai Phong Electricity Water clarifies affiliate Ha Long Water's dissolution

Hai Phong Electricity Water Machine Assembly Joint Stock Company (DNC) announced a correction to previously released information concerning the dissolution of its affiliate, Ha Long Water and Electricity Joint Stock Company. The announcement, dated November 27, 2025, was addressed to the State Securities Commission and the Hanoi Stock Exchange.

Ha Long Water and Electricity Joint Stock Company, with registration number 5702012647, located at Kiosk C238, Sunworld Old Town, Ha Long, Bai Chay Ward, Ha Long City, Quang Ninh Province, Vietnam, has been dissolved. The dissolution was initiated by Nguyen Trung Kien.

The reason for the dissolution is attributed to prolonged losses, difficulties in expanding the market, and failure to achieve customer growth targets due to various objective reasons. The decision to dissolve the company was made based on these factors.