HRC: BOD Resolution on bank loan

On July 30, 2017, the Board of Directors of Hoa Binh Rubber Joint Stock Company (HRC)  approved to borrow capital at Saigon – Hanoi Commercial Joint Stock Bank (SHB)  - Hochiminh City Branch with the following details as follows:

-          Credit line: VND60,000,000,000

-          Purpose of loan: to supplement working capital for business production.

-          Loan period: 12 months from the contract signing date.

-          Mortgage assets: rubber plantation with a total area of 51,131,637 m2 and acacia hybrid at communes: Hoa Hung, Phuoc Tan, Hoa Hoi, Hoa Binh of Xuyen Moc District, Ba Ria – Vung Tau Province.

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