Thanh Thanh Cong Investment Joint Stock Company violated the financial conditions of its bond issues due to exceeding the debt-to-equity ratio

Thanh Thanh Cong Investment Joint Stock Company (TTCC) violated the financial conditions of its bond issues due to exceeding the debt-to-equity ratio. The company's ratio was 2.55, which exceeded the allowed 2.0, raising concerns about its financial management. TTCC plans to adjust the debt ratio to 2.6 after consulting with bondholders. The bonds, totaling VND 350 billion, were secured by large quantities of shares in SBT, GEG, and TTCC.

Thanh Thanh Cong Investment Joint Stock Company (TTCC) violated the financial conditions of its bond issues due to exceeding the debt-to-equity ratio. The company's ratio was 2.55, which exceeded the allowed 2.0, raising concerns about its financial management. TTCC plans to adjust the debt ratio to 2.6 after consulting with bondholders. The bonds, totaling VND 350 billion, were secured by large quantities of shares in SBT, GEG, and TTCC.

« Go Back