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SDC: Results of Annual General Meeting of Shareholders 2009
Song Da Consulting JSC has disclosed the results of its Annual General Meeting of Shareholders held on 11/4/2009. The following resolutions were approved:
1. Report of Opearting result of 2008
- Revenue: VND 131,347,184,652
- Profit before tax: VND 10,195,256,186
- Profit after tax: VND 8,768,452,970
2. Plan in 2009
- Revenue: VND 123.54 bil.
- Profit: VND 9.52 bil.
- Cash transfered to the account: VND 126 bil.
- Investment: VND 26,477 bil.
3. Increase in Charter Capital (from VND 15 bil. to VND 21.75 bil.) to invest in Dak Doa hydropower projects:
- Stage I: dividend payment 2008 by share (20%)
- Stage II: issue share purchase right for outstanding shareholders at price of VND 10,000/share at the rate: shareholders own 4.8 shares after the stage I are entitled to buy 1 new share.
4. Report of Supervisory Board’s activities
5. Profit distribution plan:
- Profit after tax: VND 8,768,452,970
- Reduced tax used to supplement the Investment and Development Fund: VND 1,426,803,216
- Profit for distribution: VND 7,341,649,754
- Dividend payment 2008 (20%): 3,000,000,000
- Financial reserve fund: VND 367,082,488
- Reward and welfare fund: VND 1,278,406,350
- Remuneration for Management Board and Supervisory Board: VND 200,000,000
6. Auditing company in 2009
- Vietnam Auditing and consulting Ltd.,Co.
7. Amendmend of the charter:
- Article 38, Item 2, Clause 11:
Board of Directors has the right to raise capital for operation providing that debt/owner’s equity of the company will not be excess 3 times. In case of beyond this stipulation, General Meeting of Shareholders will decide.
- Article 75 (Supplement Article 75.3):
The company have to use minimum 70% total resource to invest in main business line. Total capital investment outside the company will not exceed the owner’s equity.
For investment in bank, insurance, securities, the company is entitled to invest one company for each field with the value not being excess 20% of the charter capital of company received capital contributions providing that capital contributions of holding company and subsidiary companies is not excess 30% of company received capital contributions.
The company will not contribute capital to risk investment funds, securities investment fund or securities investment company.
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