Construction Corporation No. 1 – JSC (Stock Code: CC1, UPCoM) has recently announced a Board of Directors Resolution approving a credit limit granted by Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) – District 4 Branch.
The credit limit is set at VND 1,800 billion or its equivalent in foreign currency, comprising VND 300 billion for construction materials trading (loans and guarantees) and VND 1,500 billion for construction contract execution.
The capital is intended for loans and guarantees. Collateral for the construction materials trading credit limit includes CC1 shares and/or deposit certificates issued by Sacombank, as well as asset rights arising from construction materials trading contracts.
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For the construction contract execution credit limit, the collateral is the asset rights arising from construction contracts.
In other news, CC1 recently announced the sale of 337,800 treasury shares to increase working capital for the company’s business operations.
The transaction is expected to take place via order matching and/or negotiation from October 2, 2025, to November 1, 2025.
The selling price will be determined according to Clause 3, Article 8 of Circular No. 120/2020/TTBTC dated December 31, 2020, issued by the Ministry of Finance, which regulates listed shares, registered trading shares, fund certificates, corporate bonds, and warrant transactions on the stock exchange system. Specifically, the selling price must be greater than or equal to the reference price minus 50% of the price fluctuation range based on the reference price.
Previously, CC1 appointed Mr. Hoang Trung Thanh, Executive Director of Construction, as the Deputy General Director of the company, effective September 18, 2025.
Mr. Thanh is responsible for managing and executing assigned tasks as per the General Director Board’s instructions, within the scope of his authority and position, in compliance with the law and CC1’s regulations.
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