Enterprise related to Bamboo Capital and Mr. Nguyen Ho Nam has just had a 3,000 billion bond lot suspended by HNX at the request of the State Agency

The Hanoi Stock Exchange (HNX) has suspended the trading of bond lot HIC12103 from Helios Investment and Services Joint Stock Company, linked to Mr. Nguyen Ho Nam (former Chairman of Bamboo Capital), at the request of a state authority. The decision takes effect from February 25, 2025. The bond lot is valued at 3,000 billion VND, initially issued in 2021 to increase capital scale, now adjusted to extend its maturity to 60 months, maturing in 2026. The fixed interest rate is 11%/year for the first four periods. Helios reported a loss of 41 billion VND in the first half of 2024, while profit in the same period last year was 75 billion VND, leading to a decrease in equity to 1,959 billion VND and a debt-to-equity ratio of 3.5.