SMC: Resolutions of the BOD
SMC Investment - Trading Joint Stock Company (SMC) has informed of resolutions of the BOD as follows:
* Resolution No. 402/NQ-HDQT dated October 1st 2008 about appointing President of the SMC Steel Company Limited (SMC Steel):
* Appointing Mr. Nguyen Ngoc Anh – chairman of BOD and Director General of SMC to be President of the SMC Steel in term of 5 years from October 1st 2008 to September 30th 2013.
* President of the SMC Steel is responsible for reporting the company operation in periodic BOD meetings.
* Resolution No.389/NQ-HDQT dated October 1st 2008 about deploying operation of the SMC Steel:
* Head office: Phu My 1 Industrial Zone, Tan Thanh Dist., Ba Ria – Vung Tau
* Investment capital: VND225 billion
* The Management Board of the SMC Steel is responsible for implementing legal procedures and building organization structure.
* Resolution No.395/NQ-HDQT dated October 10th 2008 about business plan of SMC for 2009:
Business plan for 2009:
- Sales: VND5,000 billion
- Output: 360,000 tons of steel
- Profit after tax: VND55 billion
- Growth rate: 8%
- Basic construction investment: VND80 billion
- Dividend: 16%
The Management Board takes charge of making specific actions in order to achieve business plan for 2009.
* Resolution No.400/NQ-HDQT dated October 10th 2008 about passing regulation of information disclosure:
The BOD authorizes Mr Nguyen Binh Trong – Director of Finance of SMC to inform regulation of information disclosure to partners and HOSE.
* Resolution No.401/NQ-HDQT dated October 10th 2008 about passing regulation of company management:
The BOD authorizes Mr Nguyen Binh Trong – Director of Finance of SMC to inform regulation of company management to partners and HOSE
* Resolution No.396/NQ-HDQT dated October 10th 2008 about dividend payment for the second time 2008:
The advanced second dividend payment 2008 in cash: 4%
Authorizing Mr. Nguyen Binh Trong – Director of Finance to implement procedures of dividend payment.
HoSE
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