TLH: Board resolution on capital mobilization

On March 08, 2018, the Board of Directors of Tien Len Steel Corporation Joint Stock Company approved the mobilization of capital from its founding shareholders to raise the working capital, with the cost limit of 3.5%/year.

The total value of collateral of Tien Len Steel Corporation Joint Stock Company for borrowing per year will be as follows:

-          In 2018: VND750,000,000,000;

-          In 2019: VND850,000,000,000;

-          In 2020: VND900,000,000,000.

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