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What does Vietinbank say about the canceled Tan Hoang Minh bond?

According to the recently released statement, Vietinbank affirms that there is no underwriting, no payment guarantee, or no distribution service for 9 separate bond offerings of a group of companies under Tan Hoang Minh Group that the Commission has approved. stock decision to cancel.

VietinBank said that it only 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 VietinBank. Winter Palace Joint Stock Company with a total amount of VND 6,530 billion.

What does Vietinbank say about the canceled Tan Hoang Minh bond?  - first

Vietinbank stated that it does not guarantee payment of Tan Hoang Minh bonds. (Illustrated image)

For account management services, VietinBank provides account opening services to serve the receipt and payment of obligations of the issuer related to bonds under the bond account holding and management contract. and in accordance with the law.

As 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 in accordance with the law.

Previously, the State Securities Commission (SSC) canceled nine bond issuances to mobilize more than VND 10,000 billion of Tan Hoang Minh Group, due to “concealing and disclosing false information”.

According to the Investigative Police Agency of the Ministry of Public Security (C03), from July 2021 to March 2022, Mr. Do Anh Dung and individuals at Tan Hoang Minh Group committed fraudulent acts, using 3 public security agencies. Member companies include Investment Co., Ltd real estate Viet Star, Soleil Hotel Services and Investment Joint Stock Company, Winter Palace Joint Stock Company and related companies, issued 09 rounds of illegal bonds, totaling 10,300 billion VND, to mobilized money from investors but did not use it for business activities according to bond issuance records.

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