Tan Hoang Minh paid an additional VND 270 billion into the account of the investigation agency

Regarding the return of money to investors buying bonds of 3 subsidiaries of the Group Tan Hoang Minh At the meeting with investors on June 1, Mr. Vu Dinh Luyen, Deputy General Director of Tan Hoang Minh Hotel Trading Service Co., Ltd, said that over the weekend, Tan Hoang Minh arranged to transfer another 270 billion. VND into the custody account of the investigating agency opened at the State Treasury, it is expected to pay another 100 billion VND this week.

Previously, as of May 24, Tan Hoang Minh had paid more than VND 296 billion into the custody account of the investigating agency. According to a representative of Tan Hoang Minh Group, it is expected that in June 2022, this business will arrange a total of 20% of the total amount of Investors bought bonds. By the end of July, 2022, Tan Hoang Minh is expected to arrange about 30-40% more from the source of the project sale to soon refund investors.

Investors work with representatives of Tan Hoang Minh Group – Photo: CTV

According to Mr. Vu Dinh Luyen, Tan Hoang Minh proposed to the Police Department to investigate crimes on corruption, economy, smuggling (C03) – Ministry of Public Security to plan the fastest payment to investors according to the ratio. as soon as this business arranges the first 10% of the amount.

Currently, the group’s leaders are working with partners and authorities to ensure the operation of Tan Hoang Minh’s apparatus, as well as looking for money to refund customers. “We expect customers to accompany and create conditions for us to gradually arrange financial resources. Tan Hoang Minh is still here with customers and is committed to refunding all money to customers,” said Mr. Vu Dinh Luyen.

In response to the investor’s question about whether Tan Hoang Minh had pushed the responsibility or not, the representative of the business affirmed that the position was not “blame” or “push” the responsibility to any other agency. Tan Hoang Minh is aware of the responsibility to arrange finance to pay investors.

Regarding the progress of the project transfer, the representative of Tan Hoang Minh said that this is very complicated, for a successful transaction it takes a lot of time, from the process of finding partners, project research partners, negotiating the structure of the project. transaction structure, financial preparation…

According to the representative of Tan Hoang Minh, the enterprise has been working with many partners, some partners have not been able to balance their finances, some partners are studying records. Tan Hoang Minh said the consistent policy is to transfer the project quickly at a reasonable price to have a source of money to pay in accordance with the law.

At the meeting with investors on May 25, Mr. Vu Dinh Luyen said that through working with C03 – Ministry of Public Security, Tan Hoang Minh has determined that there are 5 legally qualified projects that can be sold, in order to arrange payment sources for investors, including 2 projects in Phu Quoc, project D’. Saint Raffles Nguyen Thi Minh Khai District 1 (HCMC), Viet Tien project (Hanoi), Residential construction investment project project at 486 Ngoc Hoi (Hanoi).

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 untruthful information, hiding information when release Stock individually, conducted 9 bond offerings to raise capital with a total value of VND 10,030 billion.