More than 10,000 billion VND mobilized from canceled bonds, how will Tan Hoang Minh return customers’ money?

04/05/2022 08:38 GMT+7

Canceled 9 bonds worth more than 10,000 billion VND, Tan Hoang Minh “hopes for customers’ understanding, unexpected events”

Informing customers about the fact that the State Securities Commission (SSC) has just announced the cancellation of 9 bond issuances, Tan Hoang Minh Group commits that the bond information advised to customers is in accordance with the information. information provided by bond issuers, collateral valuation companies, and collateral management banks.

After receiving information from the State Securities Commission, Tan Hoang Minh Group said that it is working with legal consultants and related parties to review all bond issuance records of 9 issuances as announced by the State Securities Commission. State Securities Commission.

In the event that one of these issuances has to be canceled at the request of a state management agency, the Group will work with the bond issuer, state management agency and related parties to refund the bond. return the entire amount raised from customers in accordance with the law.

It is expected that the process of refunding money to customers will be carried out by Tan Hoang Minh for contracts that are due for payment, the investment amount of customers will be refunded in the shortest time.

For contracts that are not yet due for payment, the Group will urgently coordinate with state management agencies, work with issuers, and asset management banks to process and return customers according to regulations. strictly follow the instructions and directions of the competent authorities in the spirit of goodwill and in compliance with the provisions of the law.

“This is an extremely regrettable incident, beyond the Group’s wishes, we hope to receive the sympathy of customers”, Tan Hoang Minh sent to customers.

Previously, on April 4, the State Securities Commission said that it had issued and canceled 9 bond offerings from July 2021 to March 2022 with a total value of VND 10,030 billion of 3 units of Tan Hoang Minh Group including: : Viet Star Real Estate Investment Company Limited, Winter Palace Joint Stock Company and Soleil Hotel Service and Investment JSC.

The above decision is made after basing on dossiers, documents and requests of competent agencies.

According to the State Securities Commission, the reason for canceling nine bond offerings of three companies of Tan Hoang Minh Group was because of “an act of disclosing false information, concealing information in private bond issuance activities. “.

According to this decision, the bond registration and depository organizations are responsible for stopping the transfer of the ownership of the bonds of the three companies above under Tan Hoang Minh Group in the nine bond offerings from July 2021 to July 2021. March 2022.

At the same time, the Hanoi Stock Exchange is also responsible for disclosing information on the HNX’s corporate bond information page about the cancellation of the above-mentioned bond offerings.

Vietnam Star, Winter Palace, Soleil and Tan Hoang Minh Group are responsible for implementing the decision issued by the State Securities Commission, effective from April 3, 2022.

ID