How do 3 companies of Tan Hoang Minh have just canceled 9 bond offerings of VND 10,000 billion?
The State Securities Commission said that these three companies have disclosed false information and concealed information in their private bond issuance activities. Therefore, this agency has issued a decision to cancel 9 bond offerings from July 2021 to March 2022 with a total value of VND 10,030 billion of these three companies.
Vietnamese Star is the unit that won the auction of a land plot with an area of 10,060m2 in Thu Thiem with the price of VND 24,500 billion (2.45 billion VND/m2). However, after that, this business asked to drop the deposit.
Viet Star was established on April 20, 2016, with its address at D’.Le Pont D’or building, lane 30, Mai Anh Tuan street, O Cho Dua ward, Dong Da district, Hanoi.
It is known that Sao Viet is the investor of the luxury complex D’.Capitale with a total area of 50,309m2 on Tran Duy Hung Street, Cau Giay District, Hanoi..
At the end of 2020, the charter capital of Vietnamese Star was at VND 1,600 billion. Vietnamese Star has only 2 shareholders, Mr. Le Manh Dung holds 95.62% and Mr. Nguyen Manh Hung holds 4.38%. On September 27, 2021, the shareholder structure of Viet Star changed when Mr. Le Manh Dung owned 80.729% of the capital and Hoang Hai Phu Quoc Housing Development Investment Joint Stock Company owned the remaining 19.271%.
In terms of business results, Viet Star did not generate any revenue in 2016 and 2017. In 2018, revenue reached 80 million VND. In 2019, revenue skyrocketed to VND 10,036 billion and in 2020 it dropped to VND 773 billion.
In terms of profit, Vietnamese Star has a pre-tax profit of VND 283 billion in 2019 and a further profit of VND 16.5 billion in 2020. In the previous years, this company all suffered losses, respectively 1.8 billion in 2016; a loss of 4.2 billion dong in 2017 and a loss of 10 billion dong in 2018.
Winter Palace Company Address: Lac Long Quan Street, Xuan La Ward, Tay Ho District, City. Hanoi. This company was established on July 29, 2011 and is the Investor of project D’. El Dorado.
In the 2016-2018 period, the Winter Palace did not generate revenue, but similar to Vietnamese Star, the company’s revenue increased to VND 1,141 billion in 2019, then decreased to VND 113.2 billion in 2020.
In the years 2016-2018, the Winter Palace lost 32 million VND, 11 million VND and 307 million VND. In 2019 and 2020, this company has a profit of VND 76.7 billion and VND 4.3 billion, respectively.
By the end of 2020, the charter capital of the enterprise is more than 216 billion VND, total assets are 2,177 billion VND; equity 297.8 billion dong; liabilities 1,879 billion dong.
Soleil Co was established on 1/6/2008, with address at Dang Thai Mai Street, Quang An Ward, Tay Ho District, Hanoi. This is the investor of Project D’. Le Roi Soleil.
Like the two companies mentioned above, from 2016 to 2018, Soleil did not record any revenue. In 2019, it skyrocketed to 2,595 billion VND and in 2020 it decreased to 317.9 billion VND.
In terms of profit, Soleil reported a loss of VND 61.6 billion in 2016; loss of 1.5 billion dong in 2017 and loss of 1.6 billion dong in 2018. In 2019, the company reported a profit of 71.5 billion dong, then a loss of 135 billion dong in 2020.
By the end of 2020, Soleil’s total assets reached VND 6,255 billion, liabilities more than VND 5,974 billion; equity 281.1 billion dong.
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