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ILC: Board Resolution
International Labor and Services JSC announces the Board Resolution approved on 13/01/2009 as follows:
1. Approve operating results of 2008
Unit: VND million
|
No |
Plan of
2008 |
2007 |
2008 |
Comparison (%) |
|
Plan |
2007 |
|
1. Income
2. Profit |
110,000
16,500 |
87,621
21,713 |
130,800
16,565 |
118.91
100.39 |
149.28
76.29 |
2. Agree the income from the sale of the Van My ship
3. Approve the plan of 2009:
+ Income: VND 88,000,000,000
+ Profit before taxes: VND 12,000,000,000
+ Rate of salary: 18% of Total income
+ Dividend payout ratio: 15%/year
+ Prepare documents for building the new office building
+ Invest in 1 or 2 ships with the weight from 7,000 to 10,000DWT
4. Others approved:
4.1 Dividend payment for the second time in 2008
Approve the dividend payout ratio in 2008 as 22%, the dividend payment for the first time was 10%, so the dividend payout ratio for the second time is 12%.
4.2 Hold Annual General Meeting of Shareholders in 2009
4.3 Inlaco Land Project:
The Board of Directors asks the General Meeting of Shareholders to cancel resolution of General Meeting of Shareholders 2008 on setting up a new JSC for the implementation of Inlaco land project because there are many disadvantages in the real estate market. Company will pay back the money shareholders have contributed for Inlaco land project as follows:
- Time: from 15/01/2009 to 31/01/2009
- Rate of interest:
+ before 31/12/2008: 15%/year
+ from 01/01/2009 to 31/01/2009: 12.5%/year
- if the shareholder draws the money after 31/01/2009, they will not receive the interest for days after 01/02/2009.
- Place: at the Head office and branch of company in Hanoi and Hochiminh city
- Board of Directors assigns Mr. Vu Ngoc Sinh, Director, to make a plan for the use of the company’s land at 22A Le Hong Phong street near Cat Bi Airport
HaSTC
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