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The Board of Directors of NRC Corporation (HNX: NRC) has approved the establishment of NRC Pharma LLC with a chartered capital of VND 50 billion. The new subsidiary will be headquartered in Tan Dinh Ward, Ho Chi Minh City, and NRC will contribute the entire capital to this new venture.

Mai Linh confirms the existence of a loan contract and reveals that both parties have agreed to an extension due to the challenging circumstances following the Covid-19 pandemic. They further assert that the remaining payment will be made after a reconciliation of debts.

"As traditional banks worldwide tighten their lending standards, a wave of alternative finance, including vehicle and asset-based lending, is becoming an increasingly popular choice. This shift towards non-traditional lending offers a unique opportunity for those seeking funding outside of conventional means."