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Saturday, June 22, 2024

DIG seeks VND2-trillion loans from BIDV

The Saigon Times

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HCMC – Development Investment Construction JSC (HOSE: DIG) is seeking VND2 trillion in loans from the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV).

Its plan outlines a five-year repayment period, with the borrowing set to commence this year. The loans will be used to settle investments payable in near term.

This decision follows a November meeting where DIG’s Finance and Investor Relations Committee announced plans to finalize settlement procedures for the Nam Vinh Yen City’s Vinh Phuc Urban Area project. Simultaneously, the company aims to achieve its 2023 financial restructuring goals this month.

DIG inched up 0.99% over the previous session to VND25,450 per share today, with a matching volume of more than 9.6 million shares.

The Hochiminh Stock Exchange saw 112 winners and 415 losers, with a trading volume of 713.1 million shares and a value of VND14.7 trillion.

These figures represent a 4.9% dip in trading volume and a 7.3% drop in value over the session earlier. Block deals contributed 167.6 million shares and VND4.2 trillion to the overall value.

The VN-Index shed 10.42 points, or 0.95%, to close at 1,091.88 points. Bluechips in the VN30 basket were the main drag on the main index. With 25 decliners and only two advancers, the VN30-Index lost 12.73 points, or 1.16%, to 1,084.67 points.

HAG took the lead by liquidity on the southern bourse, with 24 million shares being matched. It edged up 1.9% to VND13,300.

On the Hanoi Stock Exchange, 65 stocks gained while 99 others dipped, resulting in the HNX-Index dropping by 1.29 points, or 0.57%, to 225.73 points.

There were 62.3 million shares valued at VND1 trillion changing hands on the northern bourse.

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