Local Corporation Lộc Trời (LTG) has approved two loan contracts totaling 250 billion VND, including 200 billion from a subsidiary and 50 billion from an associated company. The loans are for one year with an interest rate of 5.5% per annum, aimed at supporting business operations. Additionally, Lộc Trời has signed a 112 billion VND lease agreement for assets with the Seed Planting Company and an agreement for goods processing valued at 200 billion until 2035 with another subsidiary. LTG has yet to report its financial statements for 2024 quarters, leading to its stock being restricted from trading since October.
Moreover, Phát Đạt Real Estate Development Company (PDR) has approved the transfer of 99% ownership in Bắc Cường Investment Company for at least 1.1 trillion VND. PDR also plans to sell 79% of a newly established subsidiary and entirely transfer shares of another. Similarly, Hòa Thọ Textile Corporation (HTG) has also set its plans to divest 20% of its stake in Hòa Thọ – Phú Ninh Garment Company.
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