A travel company in Hoa Binh successfully issues bonds worth over a hundred billion

Lac Hong Travel Trading Company Limited has reported to the Hanoi Stock Exchange (HNX) the successful mobilization of 115 billion dong in bonds on February 23, 2024.

0
123

Bonds have a face value of 100 million VND/bond, with a total issuance of 1,150 bonds, a term of 36 months until February 23, 2027, and a stated interest rate of 9% per year. This is also the first batch of bonds issued and announced by Lac Hong on HNX.

It is known that Mr. Nghia was formerly the Chairman of the Board of Directors cum General Director and legal representative of TTT Tourism and Trading Joint Stock Company (HNX: TTT) from June 2018 to June 2019.

Lac Hong Company is headquartered in Hoa Binh province, established in 2007. As of January 26, 2024, about 1 month before the bond issuance date, the company increased its charter capital from 215 to 465 billion VND. Mr. Nguyen Huu Tri Nghia serves as the Director and legal representative.

Lac Hong is a member of a large real estate group. The company organizes tourism business services at Serena Resort Kim Boi, which is approved by the Hoa Binh provincial People’s Committee in Decision No. 2591/QD-UBND dated November 19, 2019, regarding the adjustment of the 1/500 planning for the tourist resort, mineral water baths, and entertainment activities in Khai Doi Village, Sao Bay Commune, Kim Boi District, Hoa Binh province.

Serena Resort Kim Boi

Thu Minh