ANC11607: Board approves the loan of VND500 billion with VietinBank
According to Board Resolution No.02/2019 dated March 08, 2019, the Board of Directors of Agro Nutrition International Joint Stock Company (short name: ANCO) approved to re-sign a borrowing agreement with Branch 1 Hochiminh of VietinBank in order to mobilize short-term capital for ANCO Dong Nai and ANCO Ha Nam, as follows:
- Purpose: to raise funds for production
- Bank: VietinBank - Branch 1 Hochiminh
- Credit limit: VND500 billion (of which, VND400 billion for ANCO Dong Nai and VND100 for ANCO Ha Nam)
- Term of agreement: from December 05, 2018 to November 15, 2019
- Credit guarantee: Masan Nutri-Science Joint Stock Company.