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The bank sells hundreds of billions of debt of the “King of Cranes” of the giant Ninh Binh

05/06/2022 12:42 GMT+7

Joint Stock Commercial Bank for Industry and Trade of Vietnam Uong Bi branch (VietinBank Uong Bi) has just announced the auction of a hundred billion debt of Quang Trung Industry Group Joint Stock Company (Quang Trung Group) at VietinBank Uong Bi.

The bank sells hundreds of billions of debt of the “King of Cranes” of the giant Ninh Binh

All debts of Quang Trung Group (including principal, interest, fees, etc.) at VietinBank Uong Bi are currently being “locked” at VND 460,412 billion. In which, the principal outstanding balance is 337,467 billion VND; overdue interest 83,8422 billion dong; overdue penalty interest 39,102 billion dong.

The starting price for the above debt announced by VietinBank is VND 460,412 billion, equal to the debt value. In case the first auction with the above starting price is unsuccessful, the bank will reduce the starting price to continue auctioning the debt, each time reducing the price by no more than 10% of the starting price of the auction. failed before.

It is known that the above debt is formed from credit contracts signed in 2012 and 2017. The collateral for the loan is valued at VND 645 billion, including 51 cranes and cranes at the lifting equipment factory. lower the address of Phuong Nam ward, Uong Bi city, Quang Ninh province;

3 real estates including: Ownership of property attached to the land, which is a vocational training center belonging to a lifting equipment factory, with an area of ​​4,662m2; Ownership of properties attached to land is Public Service House No. 1 and Public Service House No. 2 with a total area of ​​3,000m2 on a floor area of ​​13,500m2 owned by Quang Trung Group in Phuong Nam Ward, Uong Bi City, province. Quang Ninh, granted the land use right certificate by the Department of Natural Resources and Environment of Quang Ninh province on March 10, 2017 for the purpose of building a factory to manufacture lifting equipment. The land use term is until 2057.

Quang Trung Mechanical Group, formerly known as Quang Trung Mechanical Enterprise, was established in 1992, headquartered at 494 Doan Ket Street, Ninh Phong Ward, Ninh Binh City, Ninh Binh Province. This business is owned by businessman Nguyen Tang Cuong (born in 1960, Chairman of the Board of Directors cum General Director). Mr. Cuong is also the General Director of Tam Coc – Bich Dong Ninh Binh Tourism Joint Stock Company.

Mr. Nguyen Tang Cuong started his career as a bicycle repairman, then motorbikes. Few people know that in the period 1990-1995, he spent all his money to buy old broken cranes and cranes from scrap businesses, then “dissected” them for research.

The bank sells hundreds of billions of debt of the giant 'King of Cranes' in Ninh Binh
Mr. Nguyen Tang Cuong is known by the nickname “King of Cranes”.

In the Vietnamese mechanical village, Mr. Nguyen Tang Cuong is known by the nickname “King of Cranes” when his business specializes in manufacturing cranes and cranes. Mr. Cuong’s “unlike anyone” initiatives have made the name of Quang Trung mechanics.

Starting from the successful manufacture of clinker support plates in the cement production system and the fabrication of the acid pipeline system for Lam Thao Super Phosphate Chemical Factory, the products of many domestic research units must be bundled together. hand.

Quang Trung mechanical name only started to be noticed in the field of manufacturing lifting equipment since 2003, when this unit produced 80 ton base cranes. A “lifetime” success of Quang Trung mechanic is supplying machine gantry cranes with a lifting capacity of 1,200 tons and lame-legged cranes of 350 tons for Son La Hydropower Plant Project, contributing to putting the project into operation. 2 years early. This is an important motivation for Mr. “King Crane” to continue researching and manufacturing 5,000-6,000 ton cranes “Made in Vietnam”.

Thanks to these initiatives, Vietnam Electricity has cooperated with Quang Trung Industry Group in providing cranes for a series of other hydropower projects such as Dong Nai 3, Dong Nai 4, Song Tranh, etc. Huoi Quang, Ban Chat, Hua Na,…

In 2012, Mr. Nguyen Tang Cuong was awarded the Ho Chi Minh Prize for the project cluster “Application of 5 scientific and technological solutions to manufacturing lifting equipment in Vietnam”.

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