On September 28, the Board of Directors of Khai Hoan Land Real Estate Joint Stock Company approved the plan for issuing non-convertible secured bonds, without warrants, with the maximum value of VND300 billion in order to raise the Company’s working capital and/or invest in projects.

              The Board of Directors agreed to use the following assets to ensure the obligations relevant to the bonds:

-          To mortgage 42,000,000 shares of Khai Hoan Land Real Estate Joint Stock Company, owned by the Company’s shareholders;

-          Payment guarantee of Khai Hoan Group;

-          Payment guarantee of Mr. Nguyen Khai Hoan.