Thaituan Group Joint Stock Company (Vietnam)

ThaiTuan Group specializes in manufacturing and trading types of fashion fabric and garment products from materials like satin, twin, charmeuse, georgette with various designs and colors. Typical products are scarves, suits, pajamas and a variety of patterned fabrics. Besides, it also processes fashion products for some brands such as Father & Sons, Etrifun, Desiree, etc. In addition to the current distribution system of more than 2,000 fabric product sales agents, ThaiTuan Group has been developing a nationwide chain of fashion retail stores. At the same time, its export activities have also been expanding around the world, to markets such as the United Arab Emirates, London, Switzerland, Finland, Iran, Qatar, etc.From May 4, 2022 to June 8, 2022, Mr. Tran Hoai Nam and his wife - Ms. Huynh Thi Bao Xuyen mortgaged a total of 153.68 million shares of Thai Tuan (equivalent to 91.5% of charter capital) at Sacombank, BIDV and PSI. On June 7, 2022, ThaiTuan Group held a ground-breaking ceremony for the Thai Tuan High-tech Complex Project with a total investment of VND 16,000 billion to invest in the industrial production chain of yarn - textile - finishing - apparel - footwear - fashion accessories. The project is built in Duc Hoa III Industrial Park, Duc Hoa District, Long An Province on a total area of ​​85ha.ThaiTuan Group has also implemented many large projects with modern production technology concentrated in Long An Province such as: Thai Tuan garment and garment finishing factory in Phuc Long Industrial Park with an investment of nearly VND 1,200 billion has come into operation; Thai Tuan High-tech Garment Factory Project (Long Hau Industrial Park) with investment capital of VND 600 billion; Thai Tuan Garment Factory Project (Anh Hong Industrial Park) with an investment of VND 3,000 billion is under construction, investing in machinery and equipment and expected to operate in 2023.On April 12, 2023, subject had a meeting with bondholders, approving the adjustment of the selling price of the collateral which are the land use rights and properties of the house No. 7, 8, 9 Trang Tu, Ward 4, District 5, Ho Chi Minh City from VND 135 billion to VND 75 billion; approved the directive of the collateral management agency to extend the time for handling the collateral until the end of April 30, 2023; and accepted for subject to adjust and extend the payment period for the remaining principal and interest. Similarly, for the bond code TTDCH2122002, issued on May 20, 2021 (maturing on November 20, 2022), the par value is VND 500 billion and the current outstanding balance is VND 526.35 billion. In which, the subject has just paid VND 29.4 billion to bondholders.Subject met with bondholders in May 2023 to ask for advice on extending the time for handling the collaterals and extending the payment period of bond principal and interest for businesses to arrange money to investors.