Dak Psi Hydroelectric Plant with a capacity of 18 MW is one of the secured assets for a principal debt worth 633 billion Vietnamese dong at BIDV, along with other accompanying assets, currently being auctioned.
Vietnam Joint Stock Commercial Bank for Investment and Development (BIDV) is announcing the second auction of the debt of two corporate customers, namely Duc Nhan Dak Psi Hydropower Joint Stock Company and Hoang Nhi Limited Liability Company.
The starting price is set at over 914 billion dong, which is a reduction of approximately 102 billion dong compared to the first auction. The total outstanding debt of the provisional debt as of May 9th is 1,016 billion dong, of which the principal debt is 633 billion dong.
The auctioned assets include various real estate properties such as the Dak Psi Hydroelectric Plant with a capacity of 18 MW, a construction material production plant in Tra Da Industrial Zone, Pleiku City, Gia Lai Province, as well as houses and land in Gia Lai and Kon Tum.
Additionally, this debt is secured by numerous machinery and equipment, specialized vehicles, and various types of cars such as Toyota Camry, Toyota Fortuner, excavators, rollers, bulldozers, and dump trucks.
Furthermore, the collateral assets also include receivables from Nuoc Che Hydropower Joint Stock Company, amounting to over 250 million dong, and 17.86 million shares of Duc Nhan – Dak Psi Hydropower Joint Stock Company (not yet listed) and 24.541 million shares of Nuoc Che Hydropower Joint Stock Company (not yet listed). These shares are owned by Mr. Ho Sy Thai.
Dak Psi Hydropower Plant is invested by Duc Nhan Dak Psi Hydropower Joint Stock Company. Photo: Trungnguyenhoist.
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Source: Vietnam Insider