Fluctuations at the company that won the auction for Lien Mac sand mine are 200 times higher than the starting price.

As Lao Dong reported, on November 7, 2023, KSP Investment, Trade and Service Company Limited won the bid for the right to exploit Lien Mac sand mine (Thuong Cat, Bac Tu Liem district, Hanoi) at a price of 408.290 billion VND, about 200 times higher than the starting price offered by the Land Fund Development Center of the Hanoi Department of Natural Resources and Environment (2.051 billion VND).

It is known that the Lien Mac (Thuong Cat) mine in Lien Mac ward, Bac Tu Liem district, has a sand reserve of 508,603m³.

Meanwhile, KSP Investment Trading Service Company Limited was established at the end of September 2023, with its head office located at 94 Tran Dang Ninh Street, Phu La Ward, Ha Dong District, Hanoi City.

Structure of founding shareholders of KSP Investment, Trade and Service Company Limited. Photo: screenshot.

This enterprise's main registered business line is mining stone, sand, gravel, and clay.

The initial charter capital was nearly 10 billion VND. Of which, Mr. Nguyen Van Phong (address Dinh Cong ward, Hoang Mai district, Hanoi) contributed 52% of the capital, Mr. Le Son Tung (address Cao Vien commune, Thanh Oai district, Hanoi) contributed 48%.

By October 2023, nearly 1 month before the auction, KSP Investment Trading Service Company Limited increased its charter capital to 50 billion VND.

The list of members has the appearance of Mr. Nguyen Van Dinh (address in Dai Thinh commune, Me Linh district, Hanoi) contributing 5%, Mr. Dang Hoang Son (address in Di Trach commune, Hoai Duc district, Hanoi) contributing 12%. Meanwhile, Mr. Nguyen Van Phong's capital contribution increased to 68% and Mr. Le Son Tung's decreased to 15%.

Nearly a month before the auction, KSP Investment Trading Service Company Limited had a change in shareholders. Photo: Screenshot.

Updated on November 9, 2023, after a 2-day auction, the shareholder structure of KSP Investment Trading Service Company Limited has changed once again. The founding shareholder is Mr. Nguyen Van Phong, along with two new shareholders, Mr. Nguyen Van Dinh and Mr. Dang Hoang Son, who have withdrawn capital from the company.

At this time, the list of members of KSP Investment Trading Service Company Limited includes Mr. Le Tung Son owning 16%, Mr. Nguyen Van Tuc (address Binh Duong commune, Vinh Tuong district, Vinh Phuc province) holding 51% and Ms. Le Khanh Linh (address Tan Quang ward, Tuyen Quang city, Tuyen Quang province) holding the remaining 33%.

KSP Investment, Trade and Service Company Limited has had a change in shareholders after winning the sand mine auction. Photo: Screenshot.

Thus, after winning the right to exploit Lien Mac (Thuong Cat) sand mine, the composition of KSP Investment, Trade and Service Company Limited had a big change in shareholders, when there were two major shareholders with addresses in the suburbs of Hanoi.

Previously, as Lao Dong reported, in addition to the above sand mine, the Land Fund Development Center of the Hanoi Department of Natural Resources and Environment also organized an auction of the exploitation rights of 2 sand mines in the city, including:

Chau Son Mine (Chau Son Commune, Ba Vi District), the sand reserve granted the right to exploit is 703,536m³, the starting price is 2.881 billion VND, the bidding step is 144 million VND. After 89 rounds of bidding, the organizing committee determined the winning bidder with the price of 396.865 billion VND, more than 137 times the starting price. The enterprise that just won the auction for the right to exploit this sand mine is Viet Son Investment and Trading Joint Stock Company.

The winner of the auction for the right to exploit the Tay Dang - Minh Chau sand mine (Ba Vi district) with a price of 883.930 billion VND, nearly 46 times higher than the starting price, is Phuc Loc Thinh Trading Company Limited, headquartered in Van Nghe village, Mai Dong commune, Kim Dong district, Hung Yen province.

Regarding the auction results for the right to exploit three sand mines of Lien Mac, Chau Son and Tay Dang - Minh Chau, which were many times higher than the starting price, there were unusual factors. On November 12, the Government Office announced that Prime Minister Pham Minh Chinh had just signed and issued Official Dispatch No. 1087/CD-TTg on strengthening the management of the auction of the right to exploit minerals for common construction materials.

Notably, in this dispatch, the Prime Minister assigned the Chairman of the Hanoi People's Committee to direct the review of the entire process of surveying, assessing mine reserves, preparing documents and organizing auctions for the right to exploit three sand mines in Ba Vi district and Bac Tu Liem district.

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