INFINITYH2127001 is the sole bond issuance of IFNC, launched on February 3, 2021, with a value of VND 450 billion and an interest rate of 12.5% per annum. Per the resolution dated August 11, 2025, the maturity date of INFINITYH2127001 will be extended from February 3, 2027, to February 3, 2029.
Additionally, the resolution adjusts the terms related to principal and interest payments for the INFINITYH2127001 bond issuance.
Specifically, within 20 days from August 11, IFNC must repurchase a minimum of 5 bonds, equivalent to a minimum of VND 500 million in principal. Accordingly, the company fulfilled this commitment on August 12, thereby reducing the outstanding bond value to VND 449.5 billion.
The next principal payment will be made after a maximum of 81 months (previously 54 months) from the bond investment date. Subsequent principal payments will be made periodically every 3 months. The final principal payment will be made by the bond maturity date at the latest.
Prior to the periodic debt payment, the bondholder and the issuing organization will establish a repayment schedule for each period. The repayment amount for each period will be determined based on the financial capacity and actual cash flow from the business plan.
Regarding interest payments, within 20 working days from the date of approval of the repayment schedule adjustment (August 11), the bondholder will receive a minimum interest payment of VND 500 million (including interest accrued for the 5 repurchased bonds) and any penalty interest/penalty fees/late payment interest (if applicable).
Subsequently, the next interest payment will be made after 81 months (previously 51 months) from the bond investment date. All remaining interest accrued during the first 81 months from the bond investment date can be paid periodically every 3 months within 5 quarters or prepaid by agreement between the bond investor and the issuing organization. Subsequent interest payments will be made periodically every 3 months based on the actual outstanding balance.
IFNC was established in January 2015 under the initial name of Cong Yen Technology Commerce and Development JSC, with a focus on wholesale of computers, peripherals, and software. The company had an initial chartered capital of VND 1.8 billion, and Mr. Chu Cong Yen (born in 1985) was the business owner.
In 2019, the company changed its name to Infinity Land JSC and shifted its primary business line to wholesale trading. The chartered capital also increased significantly from VND 1.8 billion to VND 300 billion, with three shareholders: Mr. Nguyen Hoang Tho (0.5%), Ms. Nguyen Thi Thao (39.5%), and Mr. Tran Viet Hai (60%), who also served as the director and legal representative.
After two subsequent changes, the current director and legal representative of IFNC is Mr. Nguyen Hoai Nam (born in 1982). According to the 2021 business registration, Mr. Nam is the authorized business owner of Realtalk Co., Ltd. This company was established in 2015 in Hanoi, with investment consulting as its primary business line. It has a chartered capital of VND 563 billion, entirely authorized to Mr. Nam. The current director and legal representative of Realtalk is Mr. Le Thanh Tung.
In addition to Realtalk, Mr. Tung holds similar positions at AE Group JSC, a real estate business established in 2016, currently headquartered in Quang Tri province.
AE Group is the investor in the AE Resort Cua Tung project, a 1.2km-long seaside eco-urban area in Quang Tri province, with a total investment of nearly VND 1,700 billion. The project covers an area of over 10.6 hectares and was inaugurated in June 2019. According to the initial plan, the project was expected to be completed in Q4 2021, but it has not been put into use yet.
Illustration of AE Resort Cua Tung seaside eco-urban area project
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In April 2025, the People’s Committee of Quang Tri province approved adjustments to the investment policy of the project, allowing for a more relaxed implementation schedule.
Specifically, from Q2 2018 to Q3 2023, the focus was on obtaining investment approvals and decisions, detailed construction planning at a 1/500 scale, completing other related procedures, finalizing the feasibility study report, construction drawings, invitation to bid, organizing the bidding process, and initiating construction. This phase also involved fulfilling financial obligations related to the project.
From Q3 2023 to Q4 2027, the project will continue with the construction of the first phase, including 100 villas, 32 shophouses, and technical infrastructure, entertainment areas, and other service utilities (internal roads, ecological green spaces, etc.). This period will also involve land allocation and lease procedures for the second phase according to the project’s planning. The final phase will include the completion and commissioning of the project.
– 08:39 20/08/2025
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