Typically, Agribank has just announced the selection of a unit to auction collateral assets including 6,923 cases of wine of various types originating from Italy, France, Chile and 1,500 bottles of Italian wine.
The above batch of wine is used as collateral for a loan of Hai Thanh Company Limited, headquartered in Tan Yen district, Bac Giang province.
The bank also attached very detailed information about the wines that will be auctioned. The starting price of the two wine lots mentioned above is more than 17 billion VND, including value added tax, while the cost of transportation, loading and unloading and other related costs will be borne by the winning bidder. Each price step in the auction is set at 50 million VND.
Another special debt that the bank has put up for sale many times but failed to do so is the case of Agribank in handling the debt of Tracimexco Automobile Manufacturing and Production Joint Stock Company (Tracimexco).
Accordingly, nearly 2.5 million shares of the above enterprise were auctioned. However, the auction was not smooth because the enterprise was in the process of dissolution.
The bank said that Tracimexco's business registration certificate was revoked according to Decision No. QDTH/10003628 dated March 19, 2020 of the Business Registration Office, Department of Planning and Investment of Bac Kan province.
Not to mention, this company still has payments to make such as land rent and other obligations to pay according to court judgments and decisions.
"Tracimexco may have to carry out dissolution procedures due to the revocation of its business registration certificate, the company's debts to related parties, tax debts and financial obligations to state agencies...", the bank said.
Speaking to Tuoi Tre , an expert in the field of corporate finance said that among the types of collateral, shares and capital contributions to enterprises are among the most complex and risky types of assets.
The characteristic of this type of asset is that its value fluctuates rapidly and continuously according to the market and the health of the business. With shares of a business that is about to dissolve, with little chance of recovery, it is very difficult to attract buyers.
Not only the shares of enterprises about to be dissolved, recently many banks have also had to carry out procedures to sell many debts with very low principal balance of only a few thousand or tens of thousands of dong, without collateral.
According to an announcement from VietinBank, June 28 is the last day to register to buy consumer loans for the list of 466 debts worth nearly VND9 billion of this bank.
In this list, many consumer loans including principal, interest and penalty interest amount to millions of dong, but there are also debts of just over 40,000 dong.
All of these debts are unsecured. The bank said it could sell individual debts, some of them, or all of them.
Previously, according to the announcement in March this year, in the list of hundreds of credit debts to be sold, there was a debt of just over 2,000 VND.
In particular, a bank once put up for sale a debt of a real estate company worth nearly 6 billion VND. But of that, the principal debt was only 8 million VND, the rest was interest debt.
Speaking to Tuoi Tre , a department manager at a company specializing in handling bad debts said that with many secured assets, even though they know their liquidity is low, they still have to carry out the sale procedure. Accordingly, to carry out the following steps in the bad debt handling process, public sale is an indispensable procedure.
Source: https://tuoitre.vn/ngan-hang-dau-gia-thanh-ly-no-co-lo-ruou-17-ti-co-mon-no-chi-2-ngan-20240628233142988.htm
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