LGL: Board approves transactions with a company related to a Board member

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LGL: Board approves transactions with a company related to a Board member

HSX - 10/30/2019 4:41:00 PM

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On October 28, 2019, the Board of Directors of Long Giang Investment and Urban Development JSC approved the fact that Long Giang Group, a company related to Mr. Le Ha Giang – Board Chairman of Long Giang Investment and Urban Development JSC, will guarantee the payment obligation of Long Giang Investment and Urban Development JSC at bank loans/L/C for business activities.

The collateral for the loan is 10,000,000 shares of Long Giang Investment and Urban Development JSC (stock code: LGL) owned by Long Giang Group.

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