On June 19, the Board of Directors of Phat Dat Real Estate Development Corp decided to use the assets of Phat Dat Real Estate Development Corp including term deposit contracts and/or the balance on deposit account as a mortgage to guarantee the obligations of Phat Dat Real Estate Development Corp at Orient Commercial Joint Stock Bank (OCB) – Ben Thanh Branch, as well as release the pledge of all assets that are land-use rights, property rights in Subdivision No.9 Project, Nhon Hoi Eco-tourism Urban Area, Nhon Hoi Economic Zone, Quy Nhon city, Binh Dinh province.

The Board of Directors approved to use the assets of Phat Dat Real Estate Development Corp including an area of 224,192.12 m2 in Subdivision No.9 Project, Nhon Hoi Eco-tourism Urban Area, Nhon Hoi Economic Zone, Quy Nhon city, Binh Dinh province as a mortgage at PVcomBank – Da Nang Branch to guarantee the obligations of Danh Khoi Holdings Investment Joint Stock Company, Quy Nhon Real Estate Joint Stock Company and ARMO Investment Development Joint Stock Company at PVcomBank.