Company related to Ms. Truong My Lan is late in paying VND 2,426 billion in bond interest

(Dan Tri) - Bong Sen Joint Stock Company has stopped paying bond interest since Ms. Truong My Lan was arrested and the Van Thinh Phat case was initiated.

Bong Sen Joint Stock Company, a business related to Van Thinh Phat of Ms. Truong My Lan, recently announced information about the late payment of interest on the BSECH2126003 bond lot.

The BSECH2126003 bond lot was issued in October 2021, with an original value of VND 4,800 billion, a 5-year term with an initial interest rate of 10.5%/year, expected to mature on October 15, 2026. This is also the only outstanding bond lot of this enterprise. During the circulation process, the interest rate was adjusted to 15.75%/year.

By the interest payment date of October 15, the total amount to be paid to bondholders is VND2,426 billion. However, Bong Sen Joint Stock Company cannot make the payment because its account has been frozen by the authorities.

Business information published (Screenshot).

Since its issuance, Bong Sen Joint Stock Company has only paid 3 interest periods with a total amount of about 346 billion VND. However, since the payment period on October 14, 2022, the company has stopped paying for the same reason that the account was frozen. This is also the time when the police initiated a case at Van Thinh Phat Group and arrested Ms. Truong My Lan.

Bong Sen Company used to be a member of Saigon Tourist Corporation ( Saigontourist ) with a charter capital of 130 billion VND. This company was equitized in January 2005, after that the enterprise continuously increased capital and reduced State ownership.

After changing ownership, the company made a big splash in the acquisition of Daeha Joint Stock Company - the owner of Daewoo Hotel in Hanoi , spending thousands of billions of VND to own 51.05% of shares in the above company.

At the trial in mid-March 2024, Ms. Truong My Lan confirmed that Bong Sen belongs to her family and is holding 93.6% of the shares at the Daewoo Hanoi Hotel. Ms. Lan proposed to sell this hotel to pay for the consequences of the case.

In addition to Daewoo Hanoi, Bong Sen is the owner of a series of real estate properties with "golden" locations in Ho Chi Minh City, including Palace Saigon Hotel (Nguyen Hue), Bong Sen Hotel (Dong Khoi)...

Source: https://dantri.com.vn/kinh-doanh/cong-ty-lien-quan-ba-truong-my-lan-cham-tra-2426-ty-dong-lai-trai-phieu-20251019153012463.htm