Tan Hoang Minh transferred nearly 300 billion VND to return investors

On the afternoon of May 27, representatives of Tan Hoang Minh Group and investors continued to have new discussions regarding the refund of canceled bond lots.

According to the working minutes, Mr. Vu Dinh Luyen, Deputy General Director of Tan Hoang Minh, said that he had transferred to the custody account of the Police Department for Criminal Investigation on Corruption, Economic and Smuggling (C03) at the Warehouse. State silver 296.1 billion dong. However, the group said it could not give an exact figure on how much money C03 collected.

Regarding investors who bought bonds, the investigating agency has a complete list and relevant data. However, Mr. Luyen affirmed that the amount was not greater than 8,500 billion VND. “We want to make refunds immediately to investors. However, the issue of refunds is still within the competence of C03 leaders and relevant agencies,” he said.

Regarding the cash flow to return investors, according to the leader of this group, it still comes from the revenue from the liquidation of projects.

After working with C03, Tan Hoang Minh has determined that there are 5 legally eligible projects that can be sold, in order to arrange money to pay investors, including two projects in Phu Quoc, two projects in Hanoi. Noi is Viet Tien and Ngoc Hoi, with Nguyen Thi Minh Khai project in Ho Chi Minh City. Scale of liquidation projects increased compared to previous exchange in mid-April.

At that time, the leader of Tan Hoang Minh said that the group would sell 2-3 projects. The money collected after deducting all related costs will be deposited into C03’s custody account and only serve “for the sole purpose of returning investors”.

Since the commitment on the payment period has not been made yet, the investor proposed Tan Hoang Minh other solutions, including buying back the apartments in their current project instead of refunding.

However, Mr. Luyen said that Tan Hoang Minh’s projects are still related to other legal procedures, so the priority is to return 100% of money to investors – the option that he considers the most feasible. At the same time, Tan Hoang Minh will propose C03 on a plan to pay investors immediately according to the ratio (as much as you get, you will pay the investor as much).

Before that, in mid-May, Thaigroup, a subsidiary of Thaiholdings, had to 840 billion dong refund has transacted with Tan Hoang Minh Group, according to the official letter of C03, related to the sale of shares in Binh Minh Group – the owner of the 11A Cat Linh project, Hanoi.

Minh Son