FLC uses Bamboo Airways shares as collateral
By Maria Santos
1 min read
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Property developer FLC will use nearly 155 million Bamboo Airways shares as collaterals for loans from lender OCB, repeating a decision it made three years ago.
The company will also use golf project FLC Quang Binh Golf Links as collateral for the loans from the same bank.
FLC used a total of nearly 155 million Bamboo Airways shares as collateral for OCB loans five times in 2020.
The developer has invested VND4.02 trillion in the carrier for a 21.7% stake. It is set to sell the stake, partially or fully, to a buyer who has yet to be revealed.