Tan Hoang Minh continues to promise to pay bond investors

The notice stated that, up to now, Mr. Do Anh Dung’s son, Mr. Do Hoang Minh, has not yet received the authorization to represent the contributed capital and shares of the accused related to the canceled bond packages.

The Group has sent an official dispatch to the Police Investigation Agency of the Ministry of Public Security (C03), and at the same time sent to the Supreme People’s Procuracy, the Ministry of Finance, and the State Securities Commission to report the proposal of an early refund mechanism for bond investors.

Currently, the group is working with partners on the purchase and sale of projects to soon arrange financial sources to refund investors. However, Tan Hoang Minh is still waiting for authorization to be able to implement transactions.

Previously, on April 27, under the pressure of thousands of Tan Hoang Minh bond investors, the representative of Tan Hoang Minh Group had a meeting to answer questions related to 9 canceled bond lots and investor return plan.

At the meeting, there were Mr. Do Hoang Minh, his son Do Anh Dung authorized to run Tan Hoang Minh with the leaders of the group.

Tan Hoang Minh’s side continues to offer solutions such as: the group will borrow from relatives, relatives, partners and friends to have money to pay into the state treasury according to the guidance of the State Securities Commission. and C03 to settle for investors. The Group will also recover funds from the misused bonds and will publicly disclose and sell assets unrelated to the bonds.

Previously, regarding the procedures for refunding money to investors, the Securities and Exchange Commission asked the companies of Tan Hoang Minh Group and investors to contact and work with the Investigative Police Agency of the Ministry of Public Security (address: 47 Pham Van Dong, Mai Dich ward, Cau Giay district, Hanoi; phone: 0793.688.688 or 055.993.3333 for settlement.

However, the most important point for investors is that in the latest announcement on May 9, Tan Hoang Minh did not specify the procedure and time to pay investors.

In this notice, Tan Hoang Minh promises to continue to update customers with official information about the implementation of the refund commitment in the next notice.

For the past 2 weeks, investors in Tan Hoang Minh bonds from all over the world have come to Tan Hoang Minh’s headquarters in Hanoi to sign a petition for refund as well as send a petition for help everywhere. Although a whole month has passed since the State Securities Commission canceled the transaction of 9 lots of Tan Hoang Minh’s bonds, until now, investors still do not have a clear answer when they will receive their money back.