VnExpress International
The most read Vietnamese newspaper
Vietnamese Edition
| Contact us | Follow us on       
Business DataSpeaks Property Markets Companies Economy Exchange rate Money
reddit Print

FLC uses Bamboo Airways shares as collateral

By Anh Tu   March 20, 2023 | 03:14 pm PT
FLC uses Bamboo Airways shares as collateral
An aircraft prepares to land at Noi Bai International Airport in Hanoi. Photo by VnExpress/Giang Huy
Property developer FLC will use nearly 155 million Bamboo Airways shares as collaterals for loans from lender OCB, repeating a decision it made three years ago.

The company will also use golf project FLC Quang Binh Golf Links as collateral for the loans from the same bank.

FLC used a total of nearly 155 million Bamboo Airways shares as collateral for OCB loans five times in 2020.

The developer has invested VND4.02 trillion in the carrier for a 21.7% stake. It is set to sell the stake, either partially or fully, to a buyer who has not been revealed.

 
 
go to top