(TBTCO) – Dai Thien Loc Joint Stock Company (stock code DTL, HOSE) will mortgage real estate assets for its subsidiary to borrow capital from Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank).
Specifically, the subsidiary whose assets Dai Thien Loc uses as collateral for loans is Dai Thien Loc Steel One Member Company Limited. The bank branch issuing loans is Sacombank – Go Vap Branch.
|Dai Thien Loc mortgaged its assets for bank loans to its subsidiary. Photo: TL
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Dai Thien Loc’s Board of Directors agreed to allow a number of individuals to have the right to represent the company to sign time records, contracts and related documents. That is Mr. Nguyen Thanh Nghia – Chairman of the company; or Ms. Nguyen Thi Bich Lien – Vice President of the company; or Ms. Nguyen Thanh Dung – Deputy Director; or Ms. Doan Thi Bich Thuy – Deputy Director.
The authorized person can sign documents including credit contract, mortgage loan guarantee contract, debt acknowledgment letter, loan plan, debt cut request, guarantee request, proposal letter. offer to buy foreign currency…
Dai Thien Loc is a steel industry enterprise, the company has a charter capital of 804 billion VND; Liabilities at the end of the third quarter of 2023 are VND 1,259 billion. Of which, short-term loans and financial lease debt alone are worth VND 1,002 billion. This business’s financial resources are currently heavily held in inventory, with the inventory balance at the end of the third quarter of 2023 being nearly VND 1,559 billion.
Regarding business, the company reached 496 billion VND in net revenue from sales and service provision in the third quarter of 2023 (the same period reached 210 billion VND); Profit after tax in the third quarter of 2023 reached nearly 4.3 billion VND (the same period reached nearly 48 billion VND)./.