Sacombank sharply reduces auction of debt related to more than 5,800 taels of gold

(NLDO) - Sacombank continues to auction this debt with a starting price of 327.8 billion VND, a decrease of 122 billion VND compared to the most recent offering price of about 450 billion VND.

Global Group Auction Company has just announced the auction of the debt of Saigon Seafood Trading Joint Stock Company (APT), at the request of Saigon Thuong Tin Commercial Joint Stock Bank ( Sacombank ).

Accordingly, the auction will take place on March 7 at Sacombank Headquarters, 266-268 Nam Ky Khoi Nghia, Vo Thi Sau Ward, Ho Chi Minh City.

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Previously, in 2024, Global Auction Group put APT's debt up for auction with a starting price of about 450 billion VND but was unsuccessful.

APT's debt arose in 2009, related to Southern Bank and Mr. Tram Be.

In 2015, Southern Bank was merged into Sacombank. Accordingly, Sacombank became APT's creditor.

The auction organizer did not mention the content of the credit contract. However, APT's 2023 financial report shows that there was a loan of 5,833 taels of SJC gold bars arising from a credit contract in 2009 at the former Southern Bank.

Saigon Seafood Trading Joint Stock Company was established in 1976 and converted its operating model from a State-owned company to a Joint Stock Company since January 2007. APT Company specializes in aquaculture, processing, domestic consumption, and export of seafood products.

Source: https://nld.com.vn/sacombank-tiep-tuc-dau-gia-khoan-no-5833-luong-vang-cua-mot-cong-ty-thuy-san-196250228112314764.htm