RELEASED DATE 11 Oct 2019
1. Information of assets:
1.1. Debtor: FIVE BROTHER CORPORATION
- Add: 271/7B An Duong Vuong street, Ward 3, District 5, Ho Chi Minh City.
- Legal Representative: Mr. Cao Hong Phuc
1.2. Total outstanding as of 31 August 2019 is VND 32,617,305,555. Particularly:
- Principal: VND 20,000,000,000
- Interest: VND 12,617,305,555
1.3. Starting price: VND 32,617,305,555 (In word: Thirty-two billion, six hundred seventeen million, three hundred five thousand, five hundred fifty - five Vietnam dong).
2. Deadline for application submission:
The deadline for direct application submission is 05 days from the date of notification (date of documents submitted by post shall be determined by postmark but must be delivered to BIDV no later than 07 days from the date of notification).
3. Place of submission:
- Joint Stock Commercial Bank for Investment and Development of Vietnam - Bac Sai Gon Branch
- Add: No. 290 Nam Ky Khoi Nghia Street, Ward 8, District 3, Ho Chi Minh City.
- Contact person: Mr. Dang Minh Canh, Phone number: 0833141191)
4. Selection criteria:
Auction organization must meet the criteria specified in Clause 4, Article 56 of the Law on Property Auction and the following criteria:
- Have legally property auction function.
- Have operated for at least of 3 years.
- Have at least 3 auctioneers.
- Have at least 3 branches/representative offices.
- Quick procedures and reasonable cost.
- Other requirements by BIDV Bac Sai Gon
5. Application includes:
- Organization legal document.
- A written description of competence and experience.
- Quotation and other commitments of auction organization (if any).
- Notice on selection shall automatically become invalid in case the auction organization is not permitted to perform auction in accordance with the law.
- BIDV shall send a written notice of the results to the selected auction organization; those who have not been informed of the results are deemed to be unselected. BIDV do not return the application of unselected organization.