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Bond investor Tan Hoang Minh continues to petition the Ministry of Finance

Many investors have not been refunded after 9 lots of bonds of Tan Hoang Minh were canceled

According to the reporter’s information Workerson May 11, the Ministry of Finance continued to have a meeting with citizens related to the bond issuance case of the Group. Tan Hoang Minh .

According to the working minutes, on the side of the Ministry of Finance, there are 3 representatives of the Ministry Inspector. On the side of investors buying bonds of Tan Hoang Minh Group, there were 5 representatives attending the meeting with citizens of the Ministry of Finance. This is a group of investors related to 9 bond lots of Tan Hoang Minh which were canceled at the beginning of April 2022 according to the decision of the State Securities Commission.

Mr. Pham Quang T., representative of the group of investors, said he disagreed with the guidance of the State Securities Commission on the fact that investors should contact the Investigation Police Agency of the Ministry of Public Security to resolve the issue. Investment refund by the State Securities Commission is the agency that makes the decision to cancel 9 lots of bonds.

Also at the meeting, investor Do Nhat A. said that the issuance of the decision to cancel 9 lots of bonds but did not specify the payment time limit for investors was not in accordance with the provisions of the Securities Law. According to this position, investors buy bonds because they believe they have collateral or mortgage, but securities companies do not handle collateral according to signed contracts.

Another investor at the meeting suggested that the representative of Tan Hoang Minh Group continue to perform the obligation to borrow and sell assets… to refund investors who bought bonds of this enterprise.

At the same time, it is recommended that the Ministry of Finance, the Securities Commission, the Ministry of Public Security and relevant authorities organize information for investors about the handling plan and guidance of the state management agencies. for the amount the investor bought the bond. The representative of investors also suggested that the State Securities Commission have a working session with investors who bought Tan Hoang Minh’s bonds to clarify the issues they proposed to be resolved.

On the side of the Ministry of Finance, at the meeting, the representative of the Inspectorate of the Ministry said that it has fully received the recommendations and proposals of investors to the Ministry of Finance and the State Securities Commission, and will report to the Ministry of Finance. promptly to the leadership of the Ministry of Finance and the Ministry of Inspectorate.

More information about the previous citizen reception also related to this issue on April 25, the representative of the Inspectorate of the Ministry of Finance said that he had reported to the leadership of the Ministry of Finance the entire content of that meeting. After that, with the approval of the leaders of the Ministry, the Inspector of the Ministry of Finance transferred all case files and petitions of investors to the State Securities Commission for implementation and organization.

A representative of the Inspectorate of the Ministry of Finance affirmed that the leaders of the Ministry of Finance understood the recommendations of the bond investor Tan Hoang Minh and directed the units to promptly handle them. However, this is a complicated case that takes time.

Regarding the case of the cancellation of 9 bonds of Tan Hoang Minh, most recently on May 9, this group issued a notice about this, but it has not yet specified the time to refund investors. private.

Do Hoang Minh, Deputy General Director of the Group, said that the enterprise is actively working with interested partners on the purchase and sale of projects to soon arrange financial sources to return money to investors.

Previously, on April 3, 2022, the State Securities Commission announced the decision to cancel 9 bond offerings during the period from July 2021 to March 2022 of Viet Star Company. Winter Palace, Soleil Company (belonging to Tan Hoang Minh Group).

According to the State Securities Commission, these companies had acts of disclosing false information, concealing information when issuing private bonds, conducting 9 bond offerings to raise capital with a total amount of money. worth 10,030 billion VND.

On April 27, in a notice released, the State Securities Commission suggested that investors contact the Investigation Police Agency of the Ministry of Public Security to be dealt with in accordance with the law on refunding the debt. pay.


According to Minh Phong

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