VinFast Auto (VFS) has released an update.
VinFast Auto Ltd., a Singapore-based public company, has amended its Securities Purchase Agreement with YA II PN, Ltd., effectively from July 2024. The amendment includes the partial repayment of the initial $50 million convertible debenture and the issuance of a new $25 million convertible debenture. This strategic financial restructuring is set to optimize the company’s debt profile and enhance future financial flexibility.
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