Sino Germany medical equipment company limited is BIDV Long Bien Ha Noi Branch’s customer. Up to now, all loans of this company at BIDV Long Bien Ha Noi have turned overdue from 2013. Moreover, the borrower isn’t willing to pay for the loans and the mortgagors aren’t willing to hand over the assets. Therefore, BIDV Long Bien Ha Noi Branch would like to announce to Sino Duc medical equipment company limited (The borrower), Mr Pham Dang Cao and Mrs Ngo Thi Nhu Hoa (The Mortgagors) about Assets foreclosure for collecting the loans of the borrower at BIDV Long Bien Ha Noi Branch. BIDV Long Bien Ha Noi Branch would like to announce the foreclosure of asset with the following details:

1. Total outstanding loans of Sino Duc Medical Equipment Company Limited at BIDV Long Bien Ha Noi Branch as of 15 Mar 2020 is:  VND55,238,732,486.

2. Information of assets:

Land use rights at Land lot No.: 10; address: B7 Vietinbank Chuong Duong Dormitory, Gia Thuy Ward, Long Bien District, Ha Noi City, according to Certificate of Land Use Rights number BB 281104 issued by People’s committee of Long Bien District on 01 April 2010. Land area: 75,9 m2.

2. Reason for seizing: Collecting debt according to Mortgage agreements (under Vietnamese laws) between BIDV Long Bien Branch and Sino Duc Medical Equipment Company Limited.

3. The time of seizing security assets: begin at 9 am on 06 April 2020 until completion.

4. Place of seizure: B7 Vietinbank Chuong Duong Dormitory, Gia Thuy Ward, Long Bien District, Ha Noi City

5. Term of seizure: From the time of seizing until the security property is handled, auctioned off for debt collection by BIDV Long Bien Ha Noi.

6. Security asset handling price: based on the price valued by valuation companies.

7. Handling method: Public auction through a functional auction organization selected by BIDV Long Bien Branch.

8. Contact information: Corporate customer Dept.2 – Long Bien Ha Noi Branch; Tel: 024 22207996 (Ext: 721); Address: 137 A Nguyen Van Cu street, Long Bien Dist, Ha Noi City