Monday, 15/11/2010 11:31

PHR: Resolution of the BOD

The Board of Directors of Phuoc Hoa Rubber Joint Stock Company (HoSE: PHR) issued a resolution on borrowing from the Vietnam Development Bank – Binh Duong Branch I order to develop rubber trees in Cambodia:

* Amount of loan: US$27,514,580, equivalent to VND536,534 million, with the time of disbursement from 2010 to 2017.

* Purpose of using the loan: To cultivate rubber trees and build a processing factory.

* Credit conditions:

* Interest: 9.6%/year (In VND)

* Loan term: 12 years (Including: Grace period: 06 years, Principal payment: 06 years).

hose

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