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ST8: Resolution of the annual shareholders’ meeting
Sieu Thanh Joint-Stock Corporation (SJC) has informed of resolution of the annual shareholders’ meeting which was held on April 25th 2008 as follows:
Article 1: Pass business result in 2007
a. Business result:
Net revenue: VND597,683,184,110
Profit before tax: VND55,985,912,187
Profit after tax: VND39,700,813,113
b. Financial situation:
Short term assets: VND143,661,579,059
Long term assets: VND109,192,018,203
Total assets: VND252,853,597,262
Liabilities: VND102,522,847,397
Owner’s equity: VND123,116,094,407
Benefits of the minority of shareholders: VND27,214,655,458
Finance source: VND252,853,597,262
Article 2: Pass report of the Supervisory Board
Article 3: Business plan for 2008
Revenue: VND835.9 billion
Cost of goods sold: VND677.3 billion
Gross profit: VND158.6 billion
Profit before tax: VND71.5 billion
Profit after tax: VND51.5 billion
Article 4: Pass plan of profit distribution and dividend payment for 2007
a. Profit after tax:
Deduction for funds:
* Development investment fund: VND1,634,529,394
* Financial reserve fund: VND1,634,529,394
* Welfare and bonus fund: VND1,634,529,394
b. Profit distribution:
The remaining profit after deduction for funds: VND27,786,999,701
This profit is distributed as follows:
Advanced dividend: VND3,232,476,500
Dividend payment in stock: VND8,200,000,000
Undistributed profit: VND16,334,523,201
Article 5: Development strategy and investment for 2008
Authorize the BOD to implement strategies and investment projects such as Sieu Thanh building, investing to Minh Thanh office facilities joint stock company (*).
(*) Temporary translation
Article 6: Authorize the BOD to select an auditing firm for 2008
Article 7: Pass the term of the BOD and Supervisory Board
Article 8: Authorize Mr Yung Cam Meng – chairman of the BOD and the legal representative to implement issues in the meeting.
HoSE
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