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Thursday, June 30, 2022

Dien Quang’s factory faces charges for allegedly polluting environment

The Saigon Times

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HCMC – Investigators of Bien Hoa City, Dong Nai Province have filed charges against a lighting equipment factory of Dien Quang JSC (DQC) in Dong Nai Province for polluting the environment.

According to the initial investigation results, the factory has turned out more than 732,000 waste bulbs weighing over 24 tons, 920 kilograms of defective glass tubes and some four tons of faulty bulbs.

Last month, workers of the factory were caught red-handed discharging waste bulbs as a hazardous waste into the environment.

The competent agencies also detected two cellars storing industrial waste coming from the grinding of waste bulbs at the factory.

Over 81 tons of ground glass, 900 kilograms of glass mixed with mud, over eight tons of defective bulbs and 32 tons of wastewater have been sealed off.

The factory’s violations were serious, causing a negative impact on the environment.

In 2021, Dien Quang JSC had four factories, including two in Dong Nai and one in each of Binh Duong and Hai Duong.

As for the company’s performance, in the first quarter of this year, Dien Quang recorded revenue of VND208.3 billion and after-tax profit of VND8.94 billion, up 9.7% and 16% year-on-year, respectively.

The company set a target to generate revenue of VND1 trillion and pre-tax profit of VND30 billion this year.

Closing the session on May 23, DGC lost 4.91% at VND24,200.

Regarding stock trading, the VN-Index of the Hochiminh Stock Exchange declined 21.9 points, or 1.77%, against the previous session at 1,218.81, with 91 stocks advancing and 358 others declining. The bourse saw 557.43 million shares valued at some VND13.3 trillion changing hands, up 10.45% in volume and 7% in value.

In the VN30 basket, only insurer BVH inched up 1.2% and rubber group GVR and retailer VRE closed at their reference prices, while the remainder dropped.

The HNX-Index of the Hanoi exchange dropped 6.36 points, or 2.07%, compared to the previous session at 300.66.

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