Vision International People Group Public Limited (“the Company”) announces that the liquidation of the two subsidiary companies in Russia namely Vision Group Rus LLC and OPT-RTK LLC shall be processed, as resolved by the Board of Directors of the Company today.
Moreover, the Board resolved that the liquidation of two more subsidiary companies namely Vision Asia LLP and VIP Asia LLP, both in Kazakhstan, shall also be processed.
These actions consist part of the continuing restructuring of the Group. The distributors shall be served directly via the Global Ordering System through which they can place their orders and receive their products respectively. In any case one representative of each of the Companies shall be maintained in each country respectively to handle any matter as appropriate.
All procedures are expected to commence immediately.
5th of March, 2018