Gia Lai Cane Sugar Thermoelectricity JSC (SEC) has announced the Decision of the Board of Directors about the ...
Gia Lai Cane Sugar Thermoelectricity JSC (SEC) has announced the Decision of the Board of Directors about the resolution of short-term loans at BIDV Gia Lai branch.
Specifically, the SEC leaders agreed the policy of company for loans, guarantees in BIDV with a total credit line of VND200 billion. The purpose of loans is for business service. The method of credit is limited per transaction.
The maximum loan term is 12 months, concretely upon each time receiving debts, guarantees and actual demands. Interest rates and guarantee fees would be determined at the time receiving debt, guarantee to ensure competitiveness.
Previously, SEC has also decided to delist nearly 39 million shares with effective delisting day on 28 September 2015. The purpose of delisting is to exchange the shares with Thanh Thanh Cong Tay Ninh Sugar JSC (SBT)
As of 30 June 2015, SEC short-term loan recorded as VND540 billion and long-term loan as VND454 billion. Liabilities 2.3 times equity.
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