VND 1,500 billion flows to Mr. Duc’s company “sturgeon” through the bond channel

Vietnam Sturgeon Joint Stock Company (sturgeon Group) has just announced the successful issuance of 1,477.5 billion dong of bonds code CTVCH2224001, term of 2 years. The deal was carried out within 3 months, from February 10 to May 10, 2022.

Established in September 2009, Sturgeon Group is a member of the “ecosystem” of businesses of Mr. Le Anh Duc – a giant born in 1978 known by many people with the German nickname “sturgeon”.

VietTimes data shows that, a few weeks before completing the bond issuance, Sturgeon Group registered to add an additional business line, “Real estate business, land use rights belong to the owner’s ownership.” , owner or tenant”.

Before that, from December 3, 2021 to February 9, 2022, another company (operating in real estate) chaired by Mr. Le Anh Duc was the Yacht Club and Resort JSC. Cam Ranh – the investor of Cam Ranh City Gate Urban Area project – has successfully mobilized VND2,500 billion by issuing a bond code of NCRCH2123001, with a term of 2 years.

In June 2019, another member of the ‘ecosystem’ of the German giant “sturgeon”, Nha Trang Bay Construction Investment Joint Stock Company (Nha Trang Bay), successfully raised VND 650 billion from the left channel. promissory note.

Nha Trang Bay is the investor of a series of resort projects in Khanh Hoa province such as Panorama Nha Trang, The Arena Cam Ranh, Panorama Cam Ranh, Panorama City…

In addition to real estate, Nha Trang Bay also encroached on the energy field with the Phuoc Huu Solar Power Plant project (capacity of 65 MW, total investment of 1,200 billion VND) in Ninh Thuan province. However, in February 2021, Nha Trang Bay sold this project to Green Energy Phuoc Huu JSC.

Green Energy Phuoc Huu was established in July 2020 with a charter capital of 200 billion VND. In which, Duc and his wife contribute 100 billion VND, owning 50% of the charter capital. The remaining 50% of capital is owned by TNR Holdings Vietnam Real Estate Development Investment Joint Stock Company.

In April 2021, Mr. Dinh Thai Chung (SN 1974) replaced Mr. Le Anh Duc as Chairman of the Board of Directors of Green Energy Phuoc Huu, and received the transfer of 5 million shares, equivalent to 50% of the company’s charter capital. this./.

According to Dong Tien