TDC: The BOD’s resolution of borrowing bank loan
BinhDuong Trade & Development Joint Stock Company (HOSE: TDC) has announced the BOD’s resolution as follows:
• Article 1: Approving of borrowing 528,404,250,000 dongs from Vietnam Maritime Commercial Joint Stock Bank (Maritime Bank) for first payment of land rent charge in Uni-Town Trading Center Project - the second stage:
- Amount: 528,404,250,000 dongs
- Purpose: for first payment of land rent charge in Uni-Town Trading Center Project - the second stage based on Contract No. 237/DTMBD on October 18, 2010.
- Loan term: 06 months
• Article 2: Assigning Mr. Doan Van Thuan – the CEO to negotiate and sign documents of the loan.
• Article 3: Members and departments related with the loan have to implement the resolution.
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