The Board of Directors of LICOGI 18 Joint Stock Company (stock code L18) has passed a resolution to liquidate a loan contract of 28 billion VND with LICOGI 18.5. This decision aims to restructure the financial sources and reduce debt pressure on the company. This contract was signed earlier but currently, the company needs to optimize its financial operations and improve cash flow. This liquidation also reflects the company’s strategy in seeking more flexible and effective capital sources in the current economic market. Subsequent steps will be taken in accordance with the law and the company’s internal regulations to ensure the interests of shareholders and stakeholders.
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