Thanh Cong trade firm borrows $7m from E-Land for investments

Thanh Cong Trade Investment Garment and Textile Joint Stock Co (coded TCM)’s director board recently issued a resolution on borrowing capital from E-Land to invest in projects.

Accordingly, the company will cooperate with E-Land group to establish a joint venture company to invest in land area of 9,898 square metres in Tay Thanh ward, Tan Phu district, in HCM City. In the joint venture, TCM will contribute by using rights and 30 percent of stake.

TCM also received a $7 million loan from E-Land to carry out procedures relating to land using rights.

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Posted by VBN on Aug 6 2010. Filed under Garment Textile. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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