Trinh Van Quyet FLC and Ms. Phuong Dangle have the identical ‘creditor’: Why is the angle of ‘demanding cash’ utterly completely different?
sonnguyen 25-04-2022, 18:41

Mr. Trinh Van Quyet, chairman of FLC Group, has lately been on the “high of the storm” when he was arrested and investigated. Each transfer from the group is the main focus of consideration for these within the home monetary state of affairs, particularly the money owed that this financial institution is borrowing.

Trinh Van Quyet FLC and Ms. Phuong Dangle have the identical ‘creditor’: Why is the angle of ‘demanding cash’ utterly completely different?

In line with the monetary report of the fourth quarter of 2021, FLC Group has VND 24,065 billion of liabilities as of December 31, 2021, accounting for 71% of complete capital. Notably, the ratio of debt to finance lease has additionally accounted for a big proportion. Lately, OCB continued to induce FLC to repay the mortgage early. The financial institution consultant mentioned that they’re working to gather the debt earlier than the due date.

OCB is taken into account the biggest creditor of FLC on the finish of 2021 when lending greater than VND 537 billion and VND 83 billion by means of company bond issuance. In line with Mr. Nguyen Dinh Tung – Common Director of Orient Business Joint Inventory Financial institution, the financial institution is lending FLC about 1,500 billion VND, specializing in two tasks in Quang Ninh, and on the similar time lending about 1 trillion VND to Bamboo Airways.

In line with the financial institution’s leaders, the arrest of Mr. Trinh Van Quyet is an enormous danger for banking companions, so OCB has elevated money circulate management, guaranteeing a supply of debt assortment for the financial institution. OCB’s leaders assessed: “For the financial institution, we take into account this an important matter,” he defined for the necessity for early debt assortment.”

In the meantime, the financial institution additionally lent cash to Phuong Dangle’s Dai Nam firm, however the angle was utterly completely different, even assessing Dai Nam could possibly be “extreme to repay” for all of the loans. in any respect banks.

Mr. Nguyen Dinh Tung – Common Director of Oriental Financial institution mentioned that the whole excellent mortgage of Dai Nam firm is greater than 1,000 billion VND. Mr. Tung mentioned: “Many individuals suppose Dai Nam is an actual property enterprise, however really they function in lots of fields, together with industrial park providers and glove manufacturing.”

Phuong Dangle, Common Director of OCB assessed Dai Nam Firm’s facet “overwhelming to repay debt” for all loans at this financial institution. Instantly after Ms. Nguyen Phuong Dangle was arrested, OCB was paid a complete quantity of 450 billion VND in debt on April 22. Within the close to future, Dai Nam can even gather 4,500 billion, so paying off the debt of this enterprise just isn’t troublesome.

Photograph: Synthesis