STG plans to borrow 70b dong from Vietcombank

As per the decision of Southern Logistics Joint Stock Co (coded STG)’s management board, STG will borrow a 70 billion dong credit line from Vietnam Commercial Joint Stock Bank for Foreign Trade (Vietcombank-VCB).

The company will use its real estate value at No 18 Hoang Dieu, ward 12, district 4, HCM City as collateral for its loan.

The company’s annual general meeting (AGM) has recently approved this year’s business plan with pre tax profit at 34 billion dong and dividend payment at 20%.

 

Category: Business