CTS: Board resolution on borrowing

The Board of Directors of Vietnam Bank for Industry and Trade Securities Joint Stock Company (CTS) approves the proposals by the Acting CEO regarding the credit limit at Vietcombank (VCB) and borrowing at banks: Union Bank of Taiwan; Taichung Commercial Bank Co., Limited – Labuan Branch; Taishin International Bank Co.,ltd and Hua Nan Commercial Bank, ltd.

1)      Short-term credit limit at Vietcombank – Tay Ho Branch: VND600,000,000,000;

2)      Loan agreements with Union Bank of Taiwan; Taichung Commercial Bank Co., Limited – Labuan Branch; Taishin International Bank Co.,ltd and Hua Nan Commercial Bank, ltd.:

-          Loan limit: US$30,000,000

-          Purpose: to increase the working capital.

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