CEO Group borrowed nearly 1,300 billion VND from the bank to "pour" into the urban area in Me Linh

CEO Group Joint Stock Company (CEO Group, MCK: CEO, HNX floor) has announced the Board of Directors' Resolution on approving a loan of nearly VND 1,287 billion at the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) - Thanh Xuan branch.

The purpose of the loan is to pay for expenses, issue guarantees and open LCs to implement the Investment Project to build technical infrastructure systems and adjacent houses and villas. This is a component project of the CEO Me Linh New Urban Area Project, implemented by CEO International Company Limited (CEO International). The loan capital also includes interest during the construction period, which is included in the total investment.

Perspective of CEO Group's urban area in Me Linh ( Hanoi )

The collateral for the loan is all assets under the ownership and use of CEO International formed from loan capital at BIDV .

This project of CEO International has a total investment of nearly 2,282 billion VND, constructed in Me Linh, Dai Thinh, Trang Viet and Van Khe communes, Me Linh district, Hanoi.

On the part of CEO Group, the group commits to maintain at least 65% of its capital contribution at CEO International during the loan period.

In case the group transfers its capital contribution, resulting in the ownership ratio decreasing below 65%, this transaction can only be carried out when simultaneously meeting the following conditions: the project has been sold, CEO International has contributed enough equity capital to the project and must have written approval from the bank.

Regarding business situation, according to the audited consolidated financial report for the first 6 months of 2025, CEO Group recorded net revenue of more than 747.6 billion VND, an increase of 9.8% compared to the first 6 months of 2024. Profit after corporate income tax reached more than 95.7 billion VND, an increase of 79.5% over the same period.

In 2025, CEO Group set a target of total consolidated revenue of VND 1,543 billion and consolidated profit after tax of VND 182 billion. With the above results, after 6 months, the enterprise has completed 48.5% of the revenue plan and 52.6% of the annual profit plan.

As of June 30, 2025, CEO Group's total assets were recorded at over VND 8,653 billion, down 3.4% compared to the beginning of the year. Total liabilities were at over VND 2,308 billion, down 14.2%.

Source: https://daibieunhandan.vn/ceo-group-vay-ngan-hang-gan-1-300-ty-dong-de-rot-vao-khu-do-thi-o-me-linh-10393113.html