SBV: BOD Resolution on bank loan

On October 03, 2018, the Board of Directors of Siam Brothers Vietnam Joint Stock Company (SBV)  approved to borrow capital, commercial finance and guarantee at bank, including the following details:

-       Credit line: VND100 billion; Of which:

+ Short term loan: VND100billion

+ Commercial finance: ND100billion

+ Guarantee: ND100billion

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

-       Loan period: 12 months

-       Secured assets: land use right and construction work certificate No.BC 581328 at Duc Lap Ha Commune, Duc Hoa District, Long An Province.

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