What does Tan Hoang Minh have to say about the canceled 9- bond issuance?
- 114
- Enterprise
- 15:25 07/04/2022
DNHN - The State Securities Commission cancelled nine bond issues by three unlisted companies under Trading Co., Ltd. from July 2021 to March 2022.
Tan Hoang Minh Hotel Soleil's services include Viet Star Real Estate Investment Co., Ltd, Winter Palace JSC, and Investment and Guest Service Joint Stock Company (Soleil Company).
Between July 2021 and March 2022, the three companies executed nine bond issues totalling 10,030 billion VND.
The bond registration and depository institutions are responsible for preventing the transfer of ownership of bonds issued by Viet Star, Winter Palace, and Soleil of the Tan Hoang Minh Group.
Notice of cancellation of the above bond issuance must be posted on the Hanoi Stock Exchange's website. Winter Palace Company, Soleil Company, and Tan Hoang Minh Group are responsible for implementing this decision.
That same day, Tan Hoang Minh Hotel Trading Service Co., Ltd. informed clients that the State Securities Commission had cancelled nine bond issuances. Tan Hoang Minh Group is actively working with legal professionals and necessary parties to review all bond issue records for nine issuances.
They've all been counselled on the issue, valuation, and asset management by well-known securities companies and banks.
To refund a bond, the Group will engage with the bond issuer, state management agency, and other stakeholders.
Clients may expect to be reimbursed as follows: Unpaid contracts will be refunded as soon as possible. The Group will promptly contact state management authorities, issuers, and asset management banks to process and refund clients.
Respect the authority's instructions and directions with kindness and in compliance with the law. "This is an extraordinarily regrettable scenario, beyond the Group's interests," said Tan Hoang Minh.
On behalf of the Company, Tan Hoang Minh confirms he will abide by information given by the bond issuer, collateral valuation business and collateral asset management bank.
Bich Hong
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