FLC’s Bamboo Airways office building has been silently assigned debt to OCB since 2020
On May 6, at the decision dated March 24, 2022, at the request of the State Securities Commission, FLC Group announced additional 51 resolutions of the Board of Directors on transactions with related parties. .
Notably, one of the newly published documents is the BOD Resolution No. 61B issued on November 9, 2020 on the use of assets legally owned by FLC Group and Investment JSC. Real Estate Development Business FLCHomes to assign alternative debt for debt repayment obligations of FLC Group, FLCHomes, FLC Faros Construction JSC (ROS), FLC Stone Investment and Mineral JSC (AMD) and Bamboo Aviation JSC Viet (Bamboo Airways) at Orient Commercial Joint Stock Bank (OCB).
Accordingly, the property that FLC Group uses to assign debt is an office tower at 265 Cau Giay Street, Cau Giay District, Ho Chi Minh City. Hanoi. FLC Cau Giay Building started operating from 2019. The total floor area of this building is more than 101,000 m2 with 42 floors, including 4 basements and 38 floating floors.
Previously, on September 21, 2020, the Board of Directors of FLC Group approved the use of assets at 265 Cau Giay to secure Bamboo Airways’ financial obligations at Orient Commercial Joint Stock Bank, Thang Long branch.
Specifically, the collateral is the commercial floor of the future business of three basements, six floors of the commercial center (from the 1st to the 6th floor), the office tower area (from the 7th to the 17th floor, and from the 7th floor to the 17th floor). 21 to 38) according to the certificate of land use rights, ownership of houses and other properties at 265 Cau Giay Street, Dich Vong Ward, Cau Giay District, Hanoi.
As for FLCHomes, this company owes OCB the rights to use the land plot of Zone 2, Zone 3A + 3B + 3C at the address 265 Cau Giay. Area 2 has an area of 1,160 m2 to build a 38-storey high office tower and 4 basements. Area 3A + 3B + 3C has an area of 2,297 m2 to build a 5-storey commercial area.
The term of use of the land plots is 50 years from January 3, 2012.
According to published information, after assigning a debt to the headquarters building, the Board of Directors of FLC Group decided to lease back part of the area of this building to serve the business activities of FLC and the third parties appointed by FLC. . The lessor is Orient Commercial Joint Stock Bank (OCB).
It is known that the building 265 Cau Giay has become the headquarters of FLC Group since July 2019.
Earlier at the 2022 Annual General Meeting of Shareholders of Orient Bank (OCB) held on April 23, OCB General Director Nguyen Dinh Tung also said that FLC is a good customer, always ensuring timely repayment. However, when former FLC Chairman Trinh Van Quyet was arrested and detained, the bank determined that this was a big risk event not only for FLC but also for FLC’s partners and was negotiating debt collection first. term 1,500 billion.
Although not too risky, thousands of billion VND of FLC’s loans were recovered early by many banks because of “public pressure”.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
