KBC: Approved to borrow capital at subsidiary

The Board resolution dated March 28, 2023, the BOD of Kinh Bac City Development Holding (KBC) Corporation approved the loan agreement as follows:

-          Lender:            Saigon-Bacgiang Industrial Park Corporation (KBC’s subsidiary)

-          Borrower:        Kinh Bac City Development Holding Corporation

-          Total value:     VND1,000,000,000,000

-          Time:               maximum for 2 years

-          Collateral:        Mortgage.

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