All 1,000 billion liquidation is just over 100 billion VND

Ocean Group Joint Stock Company (Ocean Group – OGC) has just announced the sale of some receivables. Specifically, this business sells a total of 7 debts with the principal balance of more than 1,000 billion VND.

In the list of bad debts sold by the company, the time of arising debts starts from 2009 – 2015. Most of these debts arose during the leadership of Mr. Ha Van Tham with secured assets. is unsecured, except for the debt of Binh Duong Xanh Joint Stock Company.

Specifically, Vneco Hanoi Investment & Trading Joint Stock Company incurred a debt of VND 380.5 billion in 2014 and is now being offered for sale at a starting price of VND 38.05 billion, without collateral.

Binh Duong Xanh Joint Stock Company borrows in the form of an investment cooperation of VND 270.15 billion, the collateral is 27 million shares of Gia Phat company, now for sale for VND 27,015 billion.

Other mortgage contracts of OCG include over 56.78 billion VND at Vietnam Trade and Development Company Limited, 66 billion VND at Bao Minh Construction and Investment Joint Stock Company, and Investment Consulting Company. Lien Viet VND 145 billion, Topcarre Investment and Trading Company Limited VND 10 billion and Thanh An Investment Joint Stock Company VND 144 billion.

In total, more than VND 1,000 billion of OCB’s principal balance is being offered for sale, just over VND 107 billion.

Debts from the time of Mr. Ha Van Tham: All 1,000 billion liquidated for just over 100 billion VND - Photo 1.

To participate in the auction, customers must deposit an amount of 3 billion VND. Customers submit documents directly at the company’s office.

“The sale of bad debt is done on the basis of documents and documents provided by OGC. Customers participating in debt purchase are responsible for carefully studying bad debt records, learning about the legal status of their assets. security (if any) before registering to participate in the sale.

Customers participating in debt purchase without any comments are considered to accept the debt purchase on the basis of documents provided by OGC and have a clear understanding of the legal status of the security assets (if any). Ocean Group Joint Stock Company is only responsible for handing over bad debt records to selected debt buyers,” Ocean Group’s notice said.

In another development, the Ho Chi Minh City Stock Exchange (HOSE) has announced the transfer of OGC shares from warning to control status from May 31, 2022. The reason given is that OGC is late in submitting its audited 2021 financial statements more than 30 days after the prescribed deadline, in the case of controlled securities according to regulations.

According to the Crystal

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