Greenhill Village Quy Nhon investor has debt seized by the bank

Vietnam Joint Stock Commercial Bank for Industry and Trade - Thu Thiem Branch ( VietinBank Thu Thiem) has just announced the selection of an organization to auction the debt and the selection criteria of Greenhill Village Joint Stock Company.

Regarding the debt, VietinBank said the starting price for the debt auction is 495 billion VND. The starting price is equal to the outstanding principal, interest and overdue interest of Greenhill Village at VietinBank Thu Thiem until May 14, 2024.

The starting price does not include fees, charges... related to the sale of the entire debt. The winning bidder must bear the costs of transferring ownership of the debt.

Greenhill Village JSC was established in April 2018. The current Chairman of the Board of Directors and General Director of the company is Mr. Nguyen The Hoang.

This company is known as the investor of the Greenhill Village Quy Nhon Resort project. The project has a total area of ​​16.6 hectares, divided into 5 areas. The project location is National Highway 1D, Quy Nhon - Song Cau route, Ghenh Rang, Quy Nhon City, Binh Dinh Province.

Greenhill Village Quy Nhon Resort Project.

According to information announced by the People's Committee of Binh Dinh Province, in September 2022, the project was approved to adjust the investment policy to increase the investment capital from VND 230 billion to VND 2,595.6 billion. At the same time, the project investment progress was also adjusted from the third quarter of 2018 to the second quarter of 2022 to the third quarter of 2018 to the second quarter of 2024.

Specifically, from the third quarter of 2018 to the third quarter of 2020, prepare investment, land and construction procedures. From the third quarter of 2020 to the second quarter of 2024, the project will start construction and be completed and put into operation.

Regarding this project, the company has previously successfully raised 2 bond lots with a total value of more than 385 billion VND. Of which, the GHVCH2122001 bond lot worth 180 billion VND was issued in May 2021, with a term of 18 months, maturing in November 2022. The interest rate is fixed at 11%/year. The purpose of issuance is to increase capital scale.

Notably, the collateral of this bond lot is land use rights and assets attached to land, future assets in Ghenh Rang, Quy Nhon City, Binh Dinh. The bond lot GHVCH2224001 has a value of VND 205.3 billion, issued in January 2022, with a term of 24 months, maturing in January 2024 .

Source: https://www.nguoiduatin.vn/chu-dau-tu-greenhill-village-quy-nhon-bi-ngan-hang-siet-no-a666308.html