VMEP HOLDINGS and Daewon Seodeok terminate the Joint Venture Agreement
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VMEP HOLDINGS announced that its wholly-owned subsidiary VMEP has terminated the Joint Venture Agreement with Da Wang Shou De. Due to changes in Vietnamese law, the joint venture no longer meets the eligibility requirements for the project application, and both parties have agreed to terminate the agreement on March 28, 2025. The company has no intention of establishing a new joint venture but is considering implementing the project independently through VMEP. The board believes that this move will not have a significant impact on financial performance and business operations
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