BIDV Thai Nguyen announces the selection of debt auction organization (Song Cong Company)

Publish date
24/11/2020

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Joint Stock Commercial Bank for Investment and Development of Vietnam – Thai Nguyen Branch (BIDV Thai Nguyen) notifies about the selection of a debt auction organization as follows:

1. Details of the debt:

- Debt sale demand: The debt of Song Cong Auto Parts One Member Company Limited .

- Name and address of the debtor:

+ Song Cong Auto Parts One Member Company Limited.

+ Address: Group 10, Mo Che Ward, Song Cong City, Thai Nguyen Province.

- The carrying amount of the debt on October 31st, 2020: 5,851,352,981 dong (In words: Five billion eight hundred fifty one million three hundred fifty two thousand nine hundred eighty one dong).

- The starting value of the debt: is equal to the carrying amount of the debt at the time of debt sale (including outstanding principal, interest and penalty incurred at the time of debt sale).

- Collateral:

No.

Mortgage Contract Number

Type of Asset

Name of Owner

1

Mortgage Contract by real estate of the third party No. 01/2016/8313769 / HDBD dated June 29th, 2016 signed between Mrs. Nguyen Thi Mai Hong, Mr. Duong Quang Lai and BIDV Thai Nguyen

Land use rights according to the Certificate of Land use right No. D 0064462 issued by the People's Committee of Song Cong City on November 15th, 1994, the number in the issuance book of the Certificate of Land use right: 06270QSD / TM.

Mrs. Nguyen Thi Mai Hong and Mr. Duong Quang Lai

2

Asset Mortgage Contract No. 03/2016/8313769 / HDBD dated July 11th, 2016 signed between Song Cong Auto Parts One Member Company Limited and BIDV Thai Nguyen

Lines, machinery and equipment of foundries, including: Lathe machine 35171; Lathe machine 1K62; Lathe machine 16P16; SRU circular grinder; SZS hole molding machine; Milling machine K6M85; Centrifugal casting machine VN; Casting sand mixer machine VN; Drilling machine needs Russian multimeter; Sand molding machine; Sand beaters machine; Water cooling tower; Medium frequency electric furnace; 1000KVA22/0.4KV transformer station.

Song Cong Auto Parts One Member Company Limited

3

Asset Mortgage Contract No. 01/2018/8313769/HDBD dated April 03rd, 2018 signed between BIDV Thai Nguyen and Song Cong Auto Parts One Member Company Limited

Systems of transmission lines, machinery, equipment, furnaces and ancillary works for workshop frame include: Casting cleaning machine by blasting; Product chemical analyzer by spectroscopy; Sand molding machine; System for heat treatment; Two stone grinders; Die-casting mixer; Sand casting machine; Compressed air accumulator; Pressure forging machine; Hardness Testing Machines; Factory frame.

Song Cong Auto Parts One Member Company Limited

4

Asset mortgage contract No. 02/2018/8313769 / HDBD dated September 27, 2018 between BIDV Thai Nguyen and Song Cong Auto Parts One Member Limited Company

Land use rights and land-attached assets in accordance with the Certificate of land use rights No. P477149, in the land use right certificate number 01257 QSDD / 2954/1999 / QD-UB / T issued by the People's Committee of Thai Nguyen Province on September 29th, 1999 and Construction Permit No. 149 / GPXD issued by the People's Committee of Song Cong City on June 26th, 2007.

Song Cong Auto Parts One Member Limited Company

2. Deadline for submission:

Deadline for direct submission is 07 days from the date of notification (applications submitted by post office are calculated according to the postmark, provided that BIDV Thai Nguyen must receive them within 10 days from the date of notification).

3. Location for submission:

- Bank for Investment and Development of Vietnam – Thai Nguyen Branch, Corporate Customers Department 2. No. 653, Luong Ngoc Quyen street, Thai Nguyen City, Thai Nguyen.

- Contact person’s name: Mr. Nguyen Thanh Hung

(Email: hungnt32@bidv.com.vn; Tel: 0988.187.780)

4. Selection criteria:

- Facilities and equipment are necessary to ensure the auction of the auctioned asset.

- Feasible and effective auction plan.

- The capacity, experience and reputation of the property auction organization.

- Appropriate remuneration for auction services and property auction expenses.

- Is included in the list of property auction organizations announced by the Ministry of Justice.

- Have at least 03 years of operation.

- Have at least 03 auctioneers.

5. The registration application includes:

- Corporate legal documents.

- Description of capacity and experience.

 - Auction letter, related documents under Section 4 of this Notice, other commitments of the auction organization (if any).

* Notes:

- The default registration application expires in case the auction organization is not auctioned according to law provisions.

- BIDV Thai Nguyen Branch will notify the result in writing to the selected auction organization, the entities which are not notified of the result are understood as not selected, BIDV Thai Nguyen Branch will not return the application to the unselected entities

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