Accordingly, the temporary suspension of exit for Mr. Le Van Truong is from September 9, 2024 until the taxpayer completes his obligation to pay the underpayment to the state budget.

Previously, in June 2024, An Phu Sinh Construction Investment Joint Stock Company (An Phu Sinh Company) was also forced by the Long An Provincial Tax Department to enforce an administrative decision on tax management by stopping the use of invoices.

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An Phu Sinh residential area is still unfinished.

An Phu Sinh Company has tax code: 1101909033; address P22/08 Vinh Phuoc Hamlet, Phuoc Ly Commune, Can Giuoc District. This is the investor of An Phu Sinh residential area project (Phuoc Ly Commune, Can Giuoc District) with a scale of 14.7 hectares, total investment capital of 280 billion VND.

In 2022, An Phu Sinh Company and Green Real Joint Stock Company signed a strategic cooperation agreement to implement this project with the commercial name Grand Park City. However, the project did not meet the conditions for sale, so the People's Committee of Phuoc Ly Commune posted a warning sign with the content: "An Phu Sinh Residential Area Project does not meet the conditions for business according to the Law on Real Estate Business".

Then, to renew An Phu Sinh Residential Area, many units continued to broker the change of commercial name from Grand Park City to Lumina Grand Square but only withdrew after a short time.

Recently, at the 2024 Annual General Meeting of Shareholders, the Board of Directors of Hoang Quan Real Estate Trading and Services Consulting Joint Stock Company decided to cancel the proposal on approving the plan to issue individual shares to convert debt; supplement the proposal on approving the plan to offer individual shares to increase charter capital, thereby meeting the capital needs for the development of the An Phu Sinh residential area project.

Previously, Hoang Quan planned to issue 100 million shares at VND10,000/unit, with no limit on the number of investors. The company will use the VND1,000 billion it expects to raise to receive the transfer of shares from An Phu Sinh Company (investor of An Phu Sinh Residential Area) and disburse capital to continue implementing the project.

Of which, the maximum capital for buying shares is 550 billion VND, equivalent to 51% of An Phu Sinh's charter capital and the remaining part for the project in the form of capital contribution or loan, investment cooperation. The total investment value in the An Phu Sinh project does not exceed 35% of Hoang Quan's total asset value based on the most recent financial report.

(According to Ho Chi Minh City Police)