Reduced by 10 billion VND, the yacht bought during Mr. Trinh Van Quyet's time is still for sale

FLC Cruise 2 102.jpg — *FLC Albatross when operating in Quy Nhon sea area*

The auction is scheduled to take place on January 19, 2024 with a starting price of VND 25.88 billion.

Thus, after 5 auctions without any buyers, FLC Albatross of tycoon Trinh Van Quyet was reduced by BIDV Quy Nhon by nearly 10 billion VND compared to the starting price (35.7 billion VND) more than 1 year ago.

This yacht is currently anchored at Sa Ke wharf at 440/6 No Trang Long, Ward 13, Binh Thanh District, Ho Chi Minh City.

FLC Albatross yacht with license plate HN-2014 of FLC Group Joint Stock Company was built in Poland in 2017, with a capacity of 12 people.

The yacht was imported to Vietnam by Mr. Trinh Van Quyet (former Chairman of FLC) in 2018. This asset is mortgaged at the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) Quy Nhon branch, used, and put up for auction to recover debt.

The yacht has a design length of 16.62 m; maximum length of 21.95 m; design width of 4.88 m; maximum width of 5.25 m; side height of 3.15 m; draft of 1.15 m (Freeboard 2.000 m; FRP hull material).

Previously, this yacht was "assigned" by FLC Group to FLC Biscom Yacht - Golf Course Investment Company Limited, a company established by Mr. Trinh Van Quyet in 2016 with the aim of managing and operating the golf course and yacht system of FLC Group.

In particular, FLC Biscom has added the FLC Yacht Club segment to exploit the aforementioned FLC Albatross yacht. This is also the most significant asset of FLC Yacht.

Before being seized by the bank, FLC Albatross's operating area was usually Ha Long Bay or Quy Nhon beach, where FLC's golf courses are located.

According to the announcement of the auction organizer, auction participants will have to deposit more than 2.58 billion VND according to the provisions of the auction law. At the auction, auction participants will bid directly by word of mouth.

Previously, in September 2022, BIDV Quy Nhon also seized the collateral, a 5-seat Rolls-Royce supercar with license plate 30F-187.88, of FLC Faros Construction Joint Stock Company (ROS) to settle the debt and auctioned it at a starting price of 10 billion VND.

In April 2023, this car was sold to a car enthusiast in Dong Nai at the 6th auction. However, the successful bid price of this Rolls-Royce was not disclosed.

In addition to the aforementioned Rolls-Royce, another Rolls-Royce of Mr. Trinh Van Quyet was also seized by Orient Commercial Bank (OCB) to ensure debt collection for the loan of FLC Land Company.

This car was once sold by OCB for 28 billion VND, but was later transferred to a car showroom in Dong Nai for 16.6 billion VND in the 7th auction held in May 2023.

HA (according to Vietnamnet)

Source