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VCG: Results of Annual General Meeting of Shareholders 2009
Vietnam Construction and Import-Export Joint Stock Corporation has disclosed the results of its Annual General Meeting of Shareholders. The following resolutions were approved:
1. Report of Operating result of 2008:
|
No. |
Items |
Unit |
Planned
2008 |
Completed
in 2008 |
%
completed |
Plan
2009 |
|
1 |
Revenue |
VND bil. |
9,400 |
10,100 |
107.45 |
11,800 |
|
2 |
From holding company |
VND bil. |
3,453 |
3,470 |
100.49 |
4,243 |
|
3 |
Profit |
VND bil. |
480 |
596 |
124.1 |
700 |
|
4 |
From holding company |
VND bil. |
275 |
305 |
110.91 |
361 |
|
5 |
Dividend
payout ratio |
% |
12 |
12 |
100 |
12 |
2. Report of Supervisory Board’s activities:
3. Audited financial statement 2008 and profit distribution plan:
- Profit after tax: VND 305,191,486,139
- Reduced tax used to supplement the Investment and Development Fund: VND 72,820,835,406
- Investment and Development Fund: VND 11,106,823,282
- Financial reserve fund: VND 15,259,574,307
- Reward and welfare fund: VND 14,933,502,044
- Dividend payment 2008 (12%): VND 190,510,751,100
+ First round: 9% (paid in advanced)
+ Second round: 3%
- Remuneration for the Boards : VND 60,000,000
- Bonus for Management board: VND 500,000,000
4. Payment for Board of Directors and Supervisory Board 2009:
- For Board of Directors: Not exceeding 0.08% of revenue
- For Supervisory Board: Not exceeding 0.025% of revenue
5. Issue shares to increase charter capital to VND 3,00 bil.
* Cancel the plan to increase charter capital to VND 3,000 bil. approved by AGM 2008
* Approve the plan to increase charter capital to VND 3,000 bil. as follows:
Stage 1: Placement with outstanding shareholders
- Total volume: 113,195,820 shares
- Total value: VND 1,131,958,200,000
- Method of placement: placement with outstanding shareholders by share purchase right exercise.
- Price: VND 10,000/share
- Time: in 2009
Stage 2: Placement with key staff of the company
- Total volume: 1,723,793 shares
- Total value: VND 17,237,930,000
- Method: Private placement with key staff
- Transfer restriction time: 3 years
* Listing of additional shares on HASTC
6. Auditing company in 2009: one of the 4 companies:
- KPMG
- Deloitte Vietnam
- Earnst & Young Vietnam
- Price Waterhouse Coopers Vietnam
7. Supplementing business lines:
- Services of real estate trading floor, brokerage, pricing, consulting, auction, advertisement, control.
8. Change in Board of Directors
- Nguyen Manh Hung
- Hoang Anh Xuan
hastc
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