Idico Corporation (Idico) has decided to increase the capital for its subsidiary Idico Urbiz by 800 billion VND, according to Resolution No. 68/NQ-TCT dated November 10, 2025. The Board of Directors directed the General Director to undertake necessary procedures to implement this decision. Idico Urbiz is fully owned by Idico (according to the consolidated financial statements for Q3/2025). Additionally, Idico has also decided to invest 306 billion VND (representing 51% of the charter capital) to establish VTA Global Port and has authorized Mr. Doan Minh Quan to represent its capital contribution. The Board also approved borrowing funds and mortgaging assets to invest in the Phu Long Industrial Park construction project by Idico-INC, including mortgaging shares of Idico-INC to the bank until all related procedures are completed.
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