TCT: Board resolutions on borrowing

Tay Ninh Cable Car Tour Company announces the Board resolutions as follows:

Board Resolution No.08 dated February 13, 2020:

-          The Board of Directors approved bank loans and to make mortgages with banks for the amount of 89,322,000,000.

-          The Board of Directors approved the withdrawal before maturity of the saving books which have the term of 06 months but were deposited within 01 month.

Board Resolution No.09 dated February 13, 2020:

The Board of Directors approved to lend Cat Ba Sun Co., Ltd. as follows:

-          Borrower: Cat Ba Sun Co., Ltd.

-          Head office: Chan hamlet, Dong Bai commune, Cat Hai district, Hai Phong city)

-          Credit limit: VND128 billion

-          Loan term: 03 months

-          Interest rate: 9.5%/year

-          Purpose: to invest in the construction of Cat Hai – Phu Long cable car route.

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