Securities firms, issuers fined for bond issuance violations

Securities firms, issuers fined for bond issuance violations

After inspecting 21 securities companies and nine issuers since last October, 14 units were found violating bond issuance regulations, said Le Cong Dien, director of the Public Enterprises Supervisory Department under the State Securities Commission (SSC).
Tan Hoang Minh would sell 2-3 properties to pay back to bondholders

Tan Hoang Minh would sell 2-3 properties to pay back to bondholders

Do Hoang Minh, chairman of property group Tan Hoang Minh, revealed that the corporation would offload 2-3 projects to ensure bondholders’ rights and obligations.
How would Tan Hoang Minh corporate bond cancellation affect to banks and property firms?

How would Tan Hoang Minh corporate bond cancellation affect to banks and property firms?

The unusual cancellation of nine of Tan Hoang Minh’s private bond sales has raised a ruckus in the domestic economy.
Banks deny involvement in Tan Hoang Minh's bond issuance scandal

Banks deny involvement in Tan Hoang Minh's bond issuance scandal

Vietinbank and Saigon Hanoi Commercial Joint Stock Bank (SHB) said that they do not provide securities and payment guarantee services, do not invest and distribute bonds issued by Tan Hoang Minh Group.
Ministry to continue tightening bond market after Tan Hoang Minh scandal

Ministry to continue tightening bond market after Tan Hoang Minh scandal

After the cancellation of nine bond issuances of Tan Hoang Minh Group, the Ministry of Finance (MoF) is drafting, amending and supplementing Decree 153 on offering and trading corporate bonds, which proposes stricter condition for bond issuers, especially in private placement.