Thang Loi International Garment Joint Stock Company (TLI) is planning to hold an extraordinary shareholders meeting on September 4, 2025, in Ho Chi Minh City to approve its dissolution. As TLI faced prolonged losses, the support rate for the dissolution reached 96.78% after years of disputes. A Liquidation Board of 5 members is set to be established to oversee the process, with employees receiving support equivalent to 1 – 1.5 months’ salary plus additional benefits. TLI has experienced significant internal conflicts and legal disputes, complicating management and transparency. Established in 2007, the company has failed to maintain its previous scale with dramatically reduced revenue and cumulative losses over 12 billion VND during 2020-2024. Currently, it has only 136 employees left. TLI has been listed on UPCoM since January 2019, but its stock price has plummeted nearly 90% from its peak.
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