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DRC: Resolution of the BOD
DaNang Rubber Joint Stock Company announced a resolution of the Board of Directors as follows:
Article 1:
1. Business result in the first six months of 2009 (not audited):
|
Items |
Value |
Compared with the 2009 plan |
|
Output |
VND360.470 billion |
51.49% |
|
Revenue |
VND883.891 billion |
71.86% |
|
Profit |
VND174.748 billion |
336% |
- Business plan for the last six months of 2009:
|
Items |
Value |
Compared with the 2009 plan |
|
Output |
VND420.000 billion |
60% |
|
Revenue |
VND1,000.000 billion |
81.30% |
|
Profit |
VND130.000 billion |
250% |
+ Wage-fund in 2009: VND110 billion
+ Salary level for the Management as of 1 July 2009:
- Director-General: VND40,000,000/month
- Deputy Director-General: VND30,000,000/month
- Salaries of other managers will be decided by the Director-General.
2. Projects:
2.1. Project of production of radial tire with a capacity of 600,000 tires/year: The company will hire another 1.46-ha land according to the proposal of a consulting firm. The consulting contract completed by the consulting firm will be submitted for approval by the Board of Directors in the middle of September 2009.
2.2. Moving factory to and enlarging production on 4.9-ha hired area.
2.3. Building a materials store with an area of 1,080 m2 (30m x 36m) at Lien Chieu.
3. Other issues:
Paying in advance 15% cash dividend for the year 2009.
Setting up a file to ask for reducing corporation tax because the company has just moved to and invested in Lien Chieu Industrial Zone.
Setting up a file to purchase a motor (about VND1.5 billion) for an opening ceremony of the radial tire project.
Article 2: Members of the Board of Directors and the Director-General are responsible for executing this resolution.
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