Bank sells ‘tycoon’s’ factory in the West

VietinBank Vĩnh Long Branch is currently offering for sale the factory as collateral of Dai Nam Flour Co., Ltd., a leading company with two renowned brands, Dai Nam Flour and Mien Tay Rice Flour.

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VietinBank is offering for sale two collateral assets with a total value of nearly 100 billion VND (at the starting price).

The first asset consists of the entire Dai Nam rice powder production plant with a starting price of 62.993 billion VND, including the land use rights for 10,541.8m2 of non-agricultural production land, assets attached to the land such as workshop system, rice powder production machines in Phu An hamlet, Phu Thinh commune, Tam Binh district, Vinh Long province.

The land-attached works include a rice powder production plant with a total area of ​​over 4,300m2, including rice powder plant, raw material mixing powder house, finished product warehouse, administrative area, boiler house, operating house, … The machinery and equipment of the rice powder production line include 11 parts of the rice powder, wheat flour production equipment system.

The second collateral asset is the land use rights for an area of 21,284.4 m2, with a starting price of 34.17 billion VND.

The land is located in Phu An hamlet, Phu Thinh commune, Tam Binh district, Vinh Long province and also non-agricultural production land.

It is known that the debt of Dai Nam Rice Powder at VietinBank was formed from two credit contracts signed in 2017 and 2021.

Dai Nam’s production plant in Vinh Long is being auctioned by the bank. Photo: Dai Nam Rice Powder

The estimated book value of the debt as of March 31, 2023 is 166.254 billion VND, with a principal debt of 143.38 billion VND. The total starting price for the two assets above is over 97 billion VND.

Previously, at the beginning of 2023, VietinBank Vinh Long Branch had seized the secured assets, along with 1 Mazda car registered under the name of Ms. La Ngoc Loan and 2 land use rights with a total area of ​​439.6m2 (in Truong Thanh ward, District 9, Ho Chi Minh City) under the names of Mr. Quang Thanh Xuan and Ms. Huynh Thi Lieu.

Dai Nam Flour Company Limited specializes in producing and supplying flour and mixed flour products, established since 2016. With modern technology investment, with an advanced production line with a capacity of 35,000 tons/year, Dai Nam is one of the largest flour mills in the Mekong Delta region at present. Mr. Pham Minh Hien (born in 1972) is the Director.

Also at VietinBank, recently, Trang An Branch announced the auction (second time) of the debt of Ben Du Thuy Hotel Joint Stock Company (company owning the Swiss Ben Du Thuy Hotel Center (Swisstouches La Luna Resort) in Nha Trang City, Khanh Hoa Province).

The total debt as of January 16, 2024 is 646.402 billion VND, of which the principal debt is 485.938 billion VND. The starting price of the debt is 698.114 billion VND.

The collateral assets for the debt include the right to use 5,965.5m2 of land and assets formed in the future attached to the land in zone A, lot number 8, Vinh Hoa urban area, Vinh Hoa ward, Nha Trang city, Khanh Hoa province; all real estate properties of the Swiss Ben Du LaLuna Resort Project – Zone A; property rights arising from 231 sale and purchase contracts of apartments signed between Ben Du Thuy Hotel Joint Stock Company and buyers.

Agribank Ran an auction for the debt of Ben Du Thuy Hotel Joint Stock Company with a starting price of 1.145 trillion VND.

Agribank stated that the debt is secured by assets including the entire right to use land and auctioned assets attached to the land formed in the future in the “Swiss Ben Du Thuy Hotel Center – Zone B” project in Vinh Hoa urban area, Vinh Hoa ward, Nha Trang city. In which includes 690 apartments and Penthouse garden floors 36; basement and 35 commercial floors. All are assets formed in the future.

Tuan Nguyen

SOURCEvietstock
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