The bank liquidated an entire batch of dozens of cash-in-transit trucks

Saigon Commercial Joint Stock Bank (SCB) has just announced the liquidation of 23 special vehicles used to transport funds at a rather “low” price. The bank liquidated its assets after it ceased operating more than 40 trading offices. Finance Bank Bank liquidates dozens of cash transport vehicles Tuan Nguyen • {Published Date} Saigon Commercial Joint Stock Bank (SCB) has just announced the simultaneous liquidation of 23 special vehicles used to transport cash at quite reasonable prices. “duckweed”. The bank liquidated its assets after it ceased operating more than 40 trading offices.

According to SCB’s liquidated assets list, there are 23 special-purpose vehicles, including 17 Mitsubishi Pajero cars and 6 Hyundai Starex cars, which were used by SCB as cash transport vehicles.

All vehicles come with Ho Chi Minh City license plates. Most vehicles were registered from 2007 to 2009. There are even vehicles registered since 2004. The latest vehicle in this batch is a Hyundai Starex BKS 57L-4710 registered in 2011.

SCB said it only sells complete vehicles, not single bikes. The starting price (including value-added tax) of the above-mentioned batch of 23 cars exceeds VND3,987 billion. Therefore, the average price per vehicle is only VND173 million.

The bank will be responsible for corporate income tax, and the remaining costs (including fees, charges, taxes…) will be paid by the buyer. The winning bidder will handle the name change registration procedures on his own in accordance with the regulations of the state agencies.

Illustration of Mitsubishi Pajero cash transport truck. Individuals/organizations who signed up for a liquidation purchase but did not win the bid will have their deposit refunded. However, Standard Chartered Bank will retain the deposits (deposits) of the two losing individuals/organizations with the second and third highest auction bids.

After the successful bidders/institutions complete the registration procedures with Standard Chartered Bank (the next batch), the bank will refund the deposits to the unsuccessful bidders/institutions.

For the winning bidder, the deposit amount will be deducted from the payment amount for the liquidated car.

If the winning bidder refuses to purchase, he or she will lose the entire amount deposited with Standard Chartered Bank.

If an individual/organization bids less than the starting price provided by SCB, the deposit (escrow) will be lost.

Within 7 working days, if the winning bidder/institution (with the highest purchase price) purchases and liquidates the car, it must contact Standard Chartered Bank to handle the purchase and liquidation procedures in accordance with regulations. If no contact is made within the specified time, the Asset Liquidation Committee will select the individual/organization with the second lowest winning bid, similar to the individual/organization in third order.

Standard Chartered liquidated a series of special-purpose vehicles after it stopped opening a string of branches across the country last year.

According to statistics, Standard Chartered Bank has stopped operating 39 trading offices in 2023. In 2024, the bank continued to announce the suspension of operations at five more trading offices in Da Nang and Ho Chi Minh City. A total of 44 Standard Chartered trading offices have ceased operations since the beginning of 2023.

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