On October 10, 2016, the Board of Directors of Ho Chi Minh City Metal Corporation (HMC) approved the following transactions with banks in order to raise its working capital for business operations: Credit limit in Vietnam joint Stock Commercial Bank for Industry and Trade (Vietinbank) – Hochiminh Branch: VND 600 billion; Credit limit in Vietnam Prosperity Joint-Stock Commercial Bank (VPBank): VND 150 billion; Credit limit in Orient Commercial Joint Stock Bank (OCB) – Cho Lon Branch: VND 100 billion.