8,800 bonds issued by Hoang Truc My Co., Ltd. with a face value of VND 100 million/bond were fully placed on November 21, 2024, with a term of 5 years, maturing on November 21, 2029. The interest rate for the first two interest periods is 12%/year; the interest rate for the following periods shall be the sum of 4.5%/year plus the reference rate on the interest rate determination date of that interest period. The bonds are payment guaranteed by a financial and credit institution. HD Securities Joint Stock Company is the registration and depository organization.
Earlier, in May, Hoang Truc My Company also raised VND 200 billion in bonds with an issuance interest rate of 12%/year and a term of 5 years, also guaranteed by a financial and credit institution. HD Securities is the registration and depository organization.
Hoang Truc My’s background raised eyebrows when it was founded in December 2016, headquartered in Thu Dau Mot city, Binh Duong province. The main business line is pediatric examination and treatment. The initial chartered capital was VND 35 billion. The Chairman, Director, and legal representative is an individual with the same name as the company – Trinh Hoang Truc My, born in 1997, so at the time of the Company’s establishment (2016), Ms. My was only 19 years old.
Currently, Hoang Truc My has a charter capital of VND 400 billion and is chaired by Mr. Do Van Binh, who is also the Director and legal representative. The main business line is “pediatric examination and treatment”, which remains unchanged on the business registration paper. However, in reality, the company publicly announced on HNX that its business line is real estate business.
Hoang Truc My is the investor of the 22/12 residential area project in Thuan Giao ward, Thuan An city, Binh Duong province (expected to be named Truc My Complex). According to the adjustment of the investment policy of Thuan An City People’s Committee in August 2020, the project includes 177 terraced houses and 999 apartments, including 38 floors and 3 basements. The total investment amount is VND 2,099 billion, and the population scale is 3,385 people.
 Truc My Complex Illustration
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According to the writer’s investigation, on April 11, the Company registered a mortgage of land use rights and assets attached to the land at a land plot (with the purpose of commercial and service land use) with an area of 6,743m2 in Thuan Giao ward, Thuan An city, at HDBank (HOSE: HDB) – Binh Duong branch. This is also the land plot where the Company is investing in the construction of the Truc My Complex project.
On August 6, Hoang Truc My Company was forcibly enforced by the Binh Duong Provincial Tax Department to administratively manage tax by deducting money from the account of the enforced subject at the state treasury, credit organizations. The reason for the enforcement is that the company owes tax and late payment interest for more than 90 days, with a total amount of over VND 507 million.
Thu Minh
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