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TPC: Resolution of extraordinary shareholders’ meeting
Tan Dai Hung Plastic Joint Stock Company (Tan Dai Hung Joint Stock Co.) has informed of resolution of extraordinary shareholders’ meeting as follows:
Article 1: Approving result of supplementary election of 1 BOD member for the second term of 2007 – 2011 in order to replace Mr Tran Ngoc Thanh Hung due to his resignation:
* New member of BOD: Ms Dao Thanh Tuyen
* Occupation: chief accountant of Tan Do Construction and Investment Joint Stock Company
* Owning TPC share volume: 1,500 shares
Article 2: Adjusting securities investment portfolio
1. Approving of liquidating stocks which the company owns such as ACB, EIB (Eximbank), ALTA.
2. Authorizing the BOD to decide selling time and prices of such stocks.
3. Authorizing the BOD to use capital of VND10 billion to invest to securities trading.
Article 3: Investing to new projects:
1. Contributing VND10 billion to set up new company (10% of chartered capital) to invest to the project of constructing infrastructure in the North of Binh Thuan.
2. Contributing VND5 billion to set up new company (10% of chartered capital) to invest to the project of constructing the Cat Lai port.
3. Authorizing the BOD to decide investment-related issues and report them in shareholders’ meetings.
Article 4: Adjusting business plan in 2008:
1. Output: 7,000 tons
2. Sales: VND243 billion
3. Profit before tax: VND15.10 billion
In which profit of plastic bags is VND12.10 billion, other investment is VND3 billion.
Article 5: Canceling limited transference of preferred shares:
1. Canceling transference time of 4 years to all shareholders owning preferred shares.
2. Canceling regulations for representative shareholders who own preferred shares.
3. Authorizing the BOD to implement procedures so that shareholders who own preferred shares have right to transfer shares and receive benefits like other shareholders.
Article 6: Listing additional 10,146,000 shares
1. Approving of listing additional 10,146,000 shares on the HOSE. Total listing and trading volume of the company is 20,546,000 shares.
2. Expected trading date: September 25th 2008
3. Authorizing the BOD to do necessary procedures as stipulated.
Article 7: The BOD is allowed to separate the resolution into specific documents to implement procedures.
Article 8: The resolution is valid as of September 10th 2008.
HoSE
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