Hung Thinh Investment Joint Stock Company (headquartered at 193B Nam Ky Khoi Nghia, Vo Thi Sau Ward, District 3, Ho Chi Minh City) has announced unusual information about the delay in payment of principal and interest on bond H39CH2229001.

Accordingly, the H39CH2229001 bond lot has a term of 84 months, maturing on January 14, 2029 with a total value of VND 2,000 billion. The announced interest rate is 9%/year. On January 15, 2024, the enterprise must pay nearly VND 270 billion in interest but has not yet done so.

The reason for the delay in principal and interest payments given by Hung Thinh Investment is the unfavorable developments in the financial and real estate markets that have affected revenue. The issuing organization therefore could not arrange the funds in time to pay the bondholders in full and on time as planned.

However, Hung Thinh Investment has not yet given a specific expected payment plan. Instead, the company said it is planning to consult bondholders about extending the bond interest payment period.

It is known that Hung Thinh Investment was established in 2020. This is the unit that guides, plans financial resources and carries out investment operations of Hung Thinh Group in companies/enterprises in various industries (not only supporting the development of the real estate market, but also including banking, insurance, commercial tourism, digital business platforms, education, health, sports...).

Although it has only been established for about 4 years, according to data from the Hanoi Stock Exchange, Hung Thinh Investment has had 7 bond issuances. The total value is estimated at nearly 5,400 billion VND, with the highest interest rate being 11%/year.