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SD5: Results of Annual General Meeting of Shareholders 2009
Song Da No 5 JSC has disclosed the results of its Annual General Meeting of Shareholders held on 24/04/2009 , The following resolutions were approved:
1. Reports from the Board of Directors and Supervisory Board year 2008
2. Operating results of 2008, profit distribution of 2008, plan 2009
a. Operating results of 2008 (Unit: VND)
- Production : 1,076,268,224,000
- Revenue : 952,442,823,449
- Fixed asset depreciation : 142,621,910,555
- Profit before tax : 50,432,402,584
- Average income : 4,600,000/person/month
- Charter capital : 60,940,000,000
b. Profit distribution of 2008 (Unit: VND)
- Profit before tax : 50,432,402,384
- Income tax (10%) : 4,932,713,038
(Deducted income tax is used to supplement the Investment and Development Fund)
- Profit after tax : 45,499,689,346
- Profit for distribution : 45,499,689,346
+ Financial reserve (10% of profit after tax) : 4,549,969,000
+ Investment and Development Fund: : 29,144,464,384
From profit after tax 2008 (53% of profit after tax): 24,211,751,346
Supplement from the deducted income tax : 4,932,713,038
+ Reward and welfare fund (10% of profit after tax) : 4,549,969,000
+ Devidend payment (20%/ charter capital) (27% of profit after tax) : 12,188,000,000
- Retained earnings : 0
c. Plan 2009
|
No. |
Item |
Unit |
Value |
Note |
|
Production |
VND 106 |
948,500 |
|
|
|
2 |
Revenue |
VND 106 |
901,100 |
|
|
3 |
Payables to the State |
VND 106 |
32,600 |
|
|
4 |
Profit |
VND 106 |
54,000 |
|
|
|
- ROE |
% |
37.8 |
|
|
|
- Profit/charter capital |
% |
88.7 |
|
|
|
- Profit/Revenue |
% |
6.0 |
|
|
5 |
Dividend |
% |
20- :- 25 |
|
|
6 |
Main products |
|
|
|
|
|
- CVC Concrete |
M3 |
243,540 |
|
|
|
- Steel reinforcement |
ton |
6,971 |
|
|
|
- ballast |
M3 |
230,000 |
|
|
|
- artificial sand |
M3 |
65,000 |
|
|
|
- CVC concrete mortar |
M3 |
249,404 |
|
|
|
- RCC concrete mortar |
M3 |
685,100 |
|
3. Investment plan 2009: VND 76.76 billion
|
No. |
Project |
Quantity |
Value (VND) |
|
1 |
RCC concrete production and transport system |
1 |
4,700,000,000 |
|
2 |
RCC mixer and stone station |
1 |
6,860,000,000 |
|
3 |
Concrete pump 95 m3/h |
1 |
1,950,000,000 |
|
4 |
Pillar crane MD 2200 |
1 |
48,550,000,000 |
|
5 |
Oil tanker |
1 |
1,600,000,000 |
|
6 |
10 ton pillar crane |
1 |
6,500,000,000 |
|
7 |
Construction hoist/elevator |
2 |
1,400,000,000 |
|
8 |
10-15 ton auto - truck |
1 |
2,200,000,000 |
|
9 |
Other projects |
|
3,000,000,000 |
|
|
Total |
|
76,760,000,000 |
Resources: Credits and other sources
4. Audited financial statement 2008
5. Remuneration for the Board of Directors and Supervisory Board 2008 and 2009
a. Remuneration for the Board of Directors and Supervisory Board 2008: VND 852 million
Where:
+ Board of Directors : VND 720 million
+ Supervisory Board : VND 132 million
b. Remuneration for the Board of Directors and Supervisory Board 2009
- Chair of the Board : VND 30 million/month
- Permanent Director : VND 20 million/month
- Director : VND 5 million/month
- Chief of Supervisory Board : VND5 million/month
- Member of Supervisory board : VND 3 million/month
- Assistant to the Board of Directors : VND 4 million/month
Total: VND80,000,000/month, VND 960,000,000/year
6. Amendment of the Company’s Charter
Article 4. Operation scope and business lines
-
Item 3: The Company must use at least 70% of total resources on the main business line, Total investment to outsides does not exceed the Company’s owner’s equity
-
Item 4: Regarding investment in banking, insurance and securities, the Company can invest in only one enterprise for each sector with total investment not exceeding 20% of charter capital of the enterprise invested and total investment of holding companies and subsidiaries not exceeding 30% of charter capital of the enterprise invested
-
Item 5: the Company shall not invest in venture capital fund, securities investment fund or securities investment company
7. Fundraising plan to increase charter capital
7.1 Cancel the private placement of 2,006,000 shares to increase the Company’s charter capital VND 60.94 billion to VND 81 billion
7.2 Cancel the charter capital increase in 2009, The next fundraising will be decided by the Board of Directors
8. Change in Board of Directors and Supervisory Board
- Mr. Tran Van Huyen and Mr. Pham Xuan Tieng have been appointed Directors in place of Mr. Nguyen Xuan Chuan and Mr. Vu Trung Truc
- Ms. Do Thi Huong has been appointed Member of the Board in place of Mr. Pham Xuan Tieng,
- Mr. Vu Khac Tiep has been appointed Chair of the Board
- Mr. Tran Van Huyen has been appointed General Manager
9. The Board of Directors is assigned to choose auditor for 2009
hastc
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