Bank seizes a series of mortgaged assets belonging to the Bamboo Capital ecosystem

Bamboo Capital and a series of related companies have just been notified by the bank to seize collateral assets such as shares, resort villas and find a unit to auction the golden land worth 4,500 billion VND.

Casa Marina Resort project is located on the coast of Ghenh Rang, invested by Casa Marina Resort Tourism JSC. Photo: Casa Marina Resort

Nam A Commercial Joint Stock Bank (Nam A Bank) has just announced the seizure and handling of collateral assets of Bamboo Capital Group and related enterprises to recover debts from companies in the same ecosystem.

Specifically, in the notice sent to Casa Marina Resort Tourism JSC (guarantor); Bamboo Capital Group JSC (guarantor); Tan Thanh Diamond Investment JSC (borrower) and Industrial Development and Transport Investment JSC (borrower), Nam A Bank announced that it will handle the seizure of mortgaged assets of Casa Marina Resort Tourism JSC and Bamboo Capital Group JSC at Nam A Bank to recover debts according to the provisions of law.

Specifically, the bank announced the handling of mortgaged assets including the entire value of Property Rights for the capital contribution of Bamboo Capital and Casa Marina Resort contributed to Phoenix Mountain Company Limited.

Accordingly, Phoenix Mountain has a charter capital of 400 billion VND, of which Bamboo Capital's capital contribution is 300 billion VND (75%), and Casa Marina Resort's capital contribution is 100 billion VND (25%).

Phoenix Mountain was established in 2021, with headquarters at: Quarter 2, Ghenh Rang Ward, Quy Nhon City, Binh Dinh Province (now Quy Nhon Nam Ward, Gia Lai Province).

Nam A Bank will handle the above mortgaged assets to settle the debts of Tan Thanh Diamond Investment JSC and Industrial and Transport Development Investment JSC at Nam A Bank according to the credit contracts signed in June 2023 and June 2024.

The above enterprises belong to the Bamboo Capital Group ecosystem (stock code: BCG). Of which, Industrial and Transport Development Investment Joint Stock Company was acquired by Bamboo Capital in 2015, and in 2024, it was renamed Tracodi Construction Group Joint Stock Company. This enterprise is listed on the HoSE with the stock code TCD.

Meanwhile, Casa Marina Resort Tourism JSC has the same address as Phoenix Mountain LLC and the same legal representative, Mr. Le Xuan Duc.

In addition to the assets at Phoenix Mountain, Nam A Bank is also handling collateral assets related to two businesses in the Bamboo Capital ecosystem, My Khe Resort Villa JSC (guarantor) and Artemis Investment JSC (borrower).

Accordingly, the mortgaged assets to be handled include all rights and benefits of My Khe Resort Villa JSC from the right to lease 217,613 ^m2 of land at plot number 85 and plot number 86, map sheet number 9, in Tinh Khe commune, Quang Ngai province.

This is commercial service land with a term of use until 2059.

Artemis Investment mortgaged the above property at Nam A Bank under a mortgage contract signed on May 31, 2024.

My Khe Resort Villa JSC is legally represented by Mr. Le Nong Bui Quang Cho.

Meanwhile, Artemis Investment is legally represented by Mr. Nguyen Phuc Long. This enterprise has the same address as Bamboo Capital's head office, 27C Quoc Huong, Thao Dien ward (now An Khanh ward), Ho Chi Minh City.

After seizing the assets, Nam A Bank will sell the assets on the market to interested parties or through an asset auction organization in accordance with the provisions of law.

Notably, Nam A Bank said it is looking for an organization to auction the property, which is the right to use 10,149 ^{square meters} of urban land at the address: Land plot No. 17, map sheet No. 8, Binh Tho ward, Thu Duc district (now Thu Duc ward, Ho Chi Minh City).

Nam A Bank said the land has a 50-year term of use from February 12, 2018. The starting price for the auction of this asset is up to VND4,500 billion.

The above-mentioned golden land is owned by Gia Khang Trading and Service Joint Stock Company (Gia Khang Company), secured for the loan of Shuaa Investment and Trading Joint Stock Company (Shuaa Company) at Nam A Bank.

Gia Khang Company and Shuaa Company are both part of the Bamboo Capital ecosystem.

Vietnamnet

Source: https://baohaiphongplus.vn/ngan-hang-thu-giu-loat-tai-san-the-chap-thuoc-he-sinh-thai-bamboo-capital-417492.html