QP Green Investment guarantees subsidiary's obligations for Quang Phuc 3 project
QP Green Investment Joint Stock Company (HKT) has announced a Board of Directors' Resolution, dated October 24, 2025, to guarantee the obligations of its subsidiary, Quang Phuc Real Estate Development Co., Ltd. This move solidifies HKT's commitment to supporting Quang Phuc 3 residential project, a project inherited from Quang Phuc Industrial Investment Co., Ltd., following the completion of a capital transfer. HKT holds a 99.630% stake in Quang Phuc Real Estate Development Co., Ltd.
As a contributing member, QP Green Investment commits to providing financial support for the project's capital needs, pledging a minimum of VND 81.864 million. This funding is specifically earmarked to ensure the project's implementation, particularly in the event of capital shortages. The company emphasizes its commitment to the project's progress, quality, and adherence to approved plans.
The Board of Directors has authorized Mr. Nguyen Manh Tuan, the general director, to execute all necessary legal procedures on behalf of QP Green Investment. This resolution is effective immediately upon signing.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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