BID: Board resolution on agreements with related parties (BIDC VRB & NKG)

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BID: Board resolution on agreements with related parties (BIDC VRB & NKG)

HOSE - 10/19/2021 5:50:00 PM

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On October 12, the Board of Directors of Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) approved to offer a syndicated loan to Nam Kim Steel Joint Stock Company (HOSE: NKG). Accordingly, BIDV – Phu Nhuan Branch was allowed to use the draft of the syndicated loan agreement in the syndication agreements with BIDC – Ha Noi Branch, BIDC – Ho Chi Minh and Vietnam - Russia Joint Venture Bank (VRB) to provide funds for Nam Kim Steel Joint Stock Company.

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