TNG seeks to borrow an additional 650 billion VND from banks to supplement capital

The Joint Stock Company for Investment and Trade TNG (stock code: TNG, HNX) has recently approved a resolution from its Board of Directors to sign a credit limit agreement with VietinBank – Thai Nguyen branch, aiming to borrow 650 billion VND to supplement working capital and support business operations. TNG will use its assets to collateralize this loan. Concurrently, information regarding ownership changes by a group of foreign investors has been released, revealing that Shinhan Bank has sold 169,232 TNG shares, reducing its ownership from 6% to 5.86%. TNG is also planning to issue 6.13 million ESOP shares in 2025 at a price of 10,000 VND per share to pay for material purchases. The rights to purchase shares under the ESOP program cannot be transferred for three years.