KHG: Board resolution on the plan to use capital
Pursuant to the real estate brokerage contract with T&T Land, on December 18, 2021 the Board of Directors of Khai Hoan Land Real Estate Joint Stock Company approved the implementation of the plan to use capital from Saigon-Hanoi Commercial Joint Stock Bank (“SHB”) – Dong Do Branch for the following purposes:
- To ensure the performance of contractual obligations with a maximum amount of VND51,520,000,000.
- To buy wholesale the real estate project with a maximum amount of VND198,800,000,000.
- To guarantee the payment obligations with a maximum amount of VND35,500,000.
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