Phat Dat Corporation will pay all bonds, loans and interest for Dong A Bank before December 31 2017

On November 24th 2017, Phat Dat Real Estate Development Corporation issued Decision No.16/2017/QD-HDQT approving the transfer of part or all of the high-rise residential project in Phu Thuan Ward (The EverRich 2) and Tan Phu Ward (The EverRich 3), District 7, Ho Chi Minh City to pay all bonds and loans of Phat Dat Corporation was incurred at Dong A Bank.

The Board of Directors approved the transfer of part or all of The EverRich 2 project and The EverRich 3 project to investors to pay bonds and loans of Phat Dat Corporation was incurred at Dong A Stock Bank. This transfer will be reported at the  most recent  meeting in the Annual Shareholders Meeting (no later than April, 2018).

All of the Board of Directors’ members agree that Phat Dat Corporation will pay all orginal bonds and loans at the latest on December 31th 2018 , and arising interests on June 30th 2018.

However, with the effort and determination of Board of Directors and Board of Managements, Board of Directors of Phat Dat Corporation affirm to pay definitely all ogrinal bonds, loans and interests for DongA Bank before December 31th 2017.