VietinBank does not underwrite, do not guarantee payment, and do not distribute bonds of Tan Hoang Minh
Regarding the 9 separate bond offerings of the group of companies of Tan Hoang Minh Group, which the Securities Commission has decided to cancel, Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) has officially spoken.
Accordingly, VietinBank affirms that VietinBank does not guarantee the issuance, does not guarantee payment, does not provide distribution services for the above bond lots.
VietinBank provides account management and asset management services for bond issuances of Soleil Investment and Hotel Services Joint Stock Company, Viet Star Real Estate Investment Joint Stock Company and Supply Joint Stock Company. Winter electricity with a total amount of VND 6,530 billion.
Service provision is carried out on the basis of the Law on Credit Institutions 2010 and Operation License No. 142/GP-NHNN dated July 3, 2009 issued to VietinBank by the State Bank of Vietnam, whereby VietinBank is allowed to provide services. provides account management and asset management services.
For account management services, VietinBank provides account opening services to serve the receipt and payment of the Issuer’s obligations related to bonds under the Bond Account Management and Holding Contract. and in accordance with the law.
For asset management, VietinBank is only responsible for managing collateral records, checking and monitoring the condition of security assets, and representing investors owning bonds to handle security assets. under the security asset management contract and according to the provisions of law.
Previously, SHB also affirmed that SHB is only responsible for providing security file management services, checking and monitoring the status of security assets, and representing bondholders in handling secured assets. secured under the collateral management agency contract signed with the issuer and in accordance with the law.
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