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BBT: Resolution of Annual Shareholders’ Meeting 2008
Bach Tuyet Cotton Corporation (COBOVINA BACH TUYET) held the annual shareholders’ meeting 2008 on July 14th, 2008. The following issues were unanimous at the meeting:
Article 1: Approving the report of the Board of Directors and the Management on the operating and production results in 2007:
Article 2: Approving business plan for the year 2008:
Unit: VND
|
Item |
Amount |
% of revenue |
|
Revenue |
61,000,000,000 |
100.00% |
|
Cost of good sold |
42,700,000,000 |
70.00% |
|
Gross profit |
18,300,000,000 |
30.00% |
|
Financial income |
20,000,000 |
0.03% |
|
Financial expenses
- Interest expense: |
5,020,000,000
3,929,000,000 |
8.23%
|
|
Selling expense |
9,150,000,000 |
15.00% |
|
General and administrative expenses |
3,660,000,000 |
6.00% |
|
Operating profit |
490,000,000 |
0.80% |
|
Other incomes |
3,544,800,000 |
5.81% |
|
Profit before tax |
4,034,800,000 |
6.61% |
Article 3: 55.10% approved Statement No.1 of the BOD on a 8.16-million-share private placement in a bid to raise the company’s charter capital to VND150 billion. However, Gia Dinh Textile and Garment Corporation (44.90%) disagreed and requested another suitable issue date and more specific plan.
Article 4: Authorizing the Board of Directors to choose an auditing firm in 2008.
Article 5: Approving the compensation of the year 2008 and the bonus for the Board of Directors, the Board of Supervisors and the Management according to the statement of the Board of Directors.
Article 6: Approving the decision of dismissing three members of the Board of Directors and one member of the Board of Supervisors as follows
|
|
Full name |
Position |
|
1 |
Vo Ngoc Thanh |
BOD Chairman |
|
2 |
Chau Vinh Quang |
BOD Member |
|
3 |
Tran Cao Truong |
BOD Member |
|
4 |
Tran Le Viet Hung |
Head of the Board of Supervisors |
Article 7: Approving the decision of appointing three new members to the Board of Directors as follows:
|
STT |
Full name |
Year of birth |
Qualifications |
Note |
|
1 |
Pham Thi Tam anh |
1971 |
- MBA
- BA in Language
- CEO
- International Accounting and Finance Degree.
|
assigned on January 09th, 2008 |
|
2 |
Phan Thanh Quan |
1957 |
- BA in Law
- BA in Administration |
assigned in May 2008
|
|
3 |
Bui Van Xuan
|
1966 |
- Mechanical Engineer
- Director of Quality Assurance |
assigned in May 2008
|
Article 8: Approving that new Board of Directors consists of 7 members and Board of Supervisors consists of 3 members.
Article 9: Approving the vote for two new members of the Board of Directors:
|
|
Full name |
Year of birth |
Qualifications |
Vote result |
|
1 |
Le Tien Phuoc
|
1947 |
- MA in international business.
- MA in Multimedia and Control system.
- BA in Multimedia and Electronics.
- CPA |
92.38% |
|
2 |
Ngo Van Hung
|
1956 |
- BA in Economics |
92.78% |
Article 10: Approving the vote for two new members of the Board of Supervisors:
|
|
Full name |
Year of birth |
Qualifications |
Vote result |
|
1 |
Phan Van Thuan
|
1976 |
- MBA
- BA in Finance
- CEO, CFO |
90% |
|
2 |
Phan Thi Phuong |
1969 |
- BA in Industrial Economics |
91% |
HoSE
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