NAF: Board Resolution No.10.2019

Share this on: Hanoi, Jun 14 2019 - 04:49 PM

NAF: Board Resolution No.10.2019


The Board of Directors of Nafoods Group Joint Stock Company (NAF) approved the provision of loans to subsidiaries. The Board decided to use the proceeds from the private placement to International Finance Corporation (IFC) and Endurance Vietnam Capital I (ECA) to provide loans to subsidiaries.

-       Proceeds from the capital increase: VND197,883,696,307

-       Value of loans to be provided to subsidiaries: VND57,233,700,000

-       Objects for loans:

No.

Object

Amount

(VND)

Purpose

1

Nafoods Southern JSC

17,000,000,000

To pay for the debt at HD Bank – Van Hanh Branch

2

Nafoods Southern JSC

20,000,000,000

To pay for the debt at Vietcombank – Nghe An Branch

3

Nafoods Highland JSC

20,233,700,000

To pay for the debt at Vietinbank – Vinh Branch

 

Total

57,233,700,000

 



« Go Back

TRY FiinPro-X FREE FOR 14 DAYS (*) FiinPro-X: a new version of FiinPro Platform!

Get Free Trial Now