Information Disclosure
Approval of the Borrowing Plan and Use of Assets as Security at BIDV – Binh Dinh Branch
Resolution No. 42/2026/NQ-HDQT dated June 3, 2026
Company: Construction Joint Stock Company 47
Stock Code: C47
Resolution Date: June 3, 2026
Subject: Borrowing plan and security measures at BIDV Binh Dinh
Construction Joint Stock Company 47 (C47) hereby discloses information regarding the Resolution of the Board of Directors approving the 2026 working capital borrowing plan and the use of assets as security at the Joint Stock Commercial Bank for Investment and Development of Vietnam – Binh Dinh Branch.
The Resolution was approved by the Board of Directors on June 3, 2026 to serve the Company’s working capital needs, issuance of guarantees, and opening of L/Cs for its production and business activities in 2026–2027.
Information Disclosure Contents
- C47 discloses Resolution No. 42/2026/NQ-HDQT dated June 3, 2026 of the Board of Directors approving the 2026 working capital borrowing plan and the use of assets as security at BIDV – Binh Dinh Branch.
- The borrowing plan includes working capital loans, issuance of guarantees, and opening of L/Cs of Construction Joint Stock Company 47 at the Joint Stock Commercial Bank for Investment and Development of Vietnam – Binh Dinh Branch.
- The Resolution also approves the pledge and mortgage of assets owned or used by CC47, or other assets mobilized from third parties (if any), to secure the performance of obligations relating to loans, guarantees, and L/Cs of CC47 at BIDV Binh Dinh.
Key Contents of the Resolution
- Short-term credit facility: VND 1,590 billion, including short-term loan outstanding balance, L/C opening limit of VND 590 billion, and guarantee limit of VND 1,000 billion, of which the maximum payment guarantee limit is VND 60 billion.
- Purpose: working capital borrowing, issuance of guarantees, and opening of L/Cs to serve the production and business needs of Construction Joint Stock Company 47 in 2026–2027.
- Credit facility term: 12 months.
- Loan interest rate and borrowing conditions: in accordance with the Bank’s regulations.
- Approval of the pledge and mortgage of assets to secure the Company’s obligations relating to loans, guarantees, and L/Cs at BIDV Binh Dinh.
- Authorization for the representative of Construction Joint Stock Company 47 to discuss, negotiate, and sign contracts with BIDV Binh Dinh; such authorization shall be made in a separate written document.
Attached Information Disclosure Documents
This information is disclosed pursuant to Extraordinary Information Disclosure Notice No. 24/2026/CC47-CBTT dated June 13, 2026.
C47