TYA: Board Resolution ¬_ 21 Aug 2015
Taya (Vietnam) Electric Wire and Cable Joint Stock Company announced the board resolution dated August 21, 2015 as follows:
1) The Board of Directors approved to borrow a loan in Taipei Fubon Commercial Bank – Hochiminh Branch, with a credit limit of USD4,000,000 (four million dollars) to increase the Company’s working capital.
2) The Board of Directors approved to borrow a loan in Taipei Fubon Commercial Bank – OBU Branch, with a credit limit of USD4,000,000 (four million dollars) to increase the Company’s working capital.
The two loans will be guaranteed from the machinery mortgage contract of the Company and guaranteed by Mr. Shen Shang Pang – Board of Directors Chairman.
HOSE
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