SHB spoke out about its role in the case of 9 canceled bond lots of Tan Hoang Minh
SHB has just issued an announcement related to the State Securities Commission’s decision to cancel 09 separate bond offerings of a group of companies under Tan Hoang Minh Group.
Accordingly, this bank claims to be the only provider of account management services and secured asset management services for 2 lots of bonds with a total value of VND 1,600 billion. Specifically: the bond lot SOLCH2123001 of Soleil Hotel Services and Investment Joint Stock Company, worth 800 billion VND; and NSVCH2125001 of Viet Star Real Estate Investment Co., Ltd, worth 800 billion VND.
SHB said that the bank did not underwrite, do not guarantee payment, do not invest and did not distribute the above 2 lots of bonds. SHB is just an organization providing account management services and collateral management services as stated.
SHB claims to be the only provider of account management services and collateral management services for 2 out of 9 bond lots of Tan Hoang Minh group. Photo: SHB.
According to this bank, such activities of SHB are in accordance with the provisions of law. Whereby, Payment service provision means the provision of payment means, the performance of check payment services, payment orders, payment orders, collection orders, collection orders, bank cards, letters of credit and other payment services. other payment to the customer through the customer’s account” – Clause 15, Article 4 of the Law on Credit Institutions.
With this scope, SHB’s obligations are limited to providing payment services through accounts without participating in transactions between the parties. With regard to collateral management services, commercial banks are entitled to act as agents in fields related to banking activities and asset management according to the provisions of Articles 106 and 107 of the Law on Credit Institutions. 2010 has been revised and supplemented. SHB was also granted License No. 115/GP-NHNN on November 30, 2018 to perform agency services in the field of asset management activities.
Therefore, SHB is only responsible for performing security asset file management services, checking and monitoring the status of security assets, and representing bondholders to handle secured assets according to agency contracts. manage security assets signed with the issuer and in accordance with the law.
SHB commits to fulfill its responsibilities for account management services and security asset management services for the above two bond lots in accordance with the law.
Previously, the State Securities Commission (SSC) has just announced the cancellation of 9 bond offerings from July 2021 to March 2022 of Viet Star Company, Winter Palace Company, Soleil Company belongs to Tan Hoang Minh Group.
The above companies are not public and have conducted 9 private bond offerings with a total value of VND 10,030 billion during the period from July 2021 to March 2022. In the issuance, there were two banks, SHB and VietinBank, with the role of collateral management agent and account manager.
at Blogtuan.info – Source: Soha.vn – Read the original article here
