VietinBank Da Nang recently announced the sale of debt of CoCo City Tour Co., Ltd. The total debt of this company at VietinBank Da Nang as of May 8, 2022 is more than 36.3 billion VND, of which the principal balance is nearly 27 billion VND, the interest balance is more than 9.4 billion VND, of which the interest in the due date is nearly 27 billion VND. is 8.7 billion dong and late penalty interest is 703 million dong.
This debt was once for sale by Vietinbank at the end of 2021. Notably, as of November 23, 2021, the company’s total debt was more than VND 50.3 billion, of which the principal balance was more than 43.2. billion and outstanding loan interest is more than 7 billion. Thus, in nearly half a year, outstanding loans have decreased significantly, from VND 50.3 billion to VND 36.3 billion.
The collateral for the debt is the land use right of the production and business establishment in the land plot No. 39, map sheet No. 11. Address: Tam Dao town, Tam Dao district, Vinh Phuc province; Area: 1,250 m2, long shelf life. Mortgage contract number: 01/2018/HDBD/NHCT480-COCO CITY TOUR. Properties attached to land are: Cay Thong Hotel, Tam Dao town, Vinh Phuc province.
Pine Tree Hotel, Tam Dao
In addition, this debt is also secured by 16 open-top buses (1 deck and 2 floors), THACO brand, and HINO engine.
Coco City Tour’s open-top bus
VietinBank said that the selling/transferring price is by agreement. Interested partners should contact VietinBankd for more information.
It is known that CoCo City Tour Company is a subsidiary of Empire Group (Investor of Cocobay Danang project). In 2017, Empire Group cooperated with Truong Hai Automobile (Thaco) to test run 12 open-top CoCo City Tour buses for tourism in Da Nang city. At that time, CoCo City Tour was expected to be a model that made a special impression for tourists in Da Nang. However, up to now, CoCo City Tour’s loan has been overdue and the bank has offered to sell to deal with bad debt.
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