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S96: Board Resolution
Song Da No. 9.06 JSC announces the Board Resolution approved on 22/09/2009 as follows:
Asking for a ballot of General meetings of shareholders on:
I. First dividend payment of 2009 with the exercise rate of 13%, equivalent to VND3,250,000,000.
II. Establishment of subsidiary company named: Song Da Dong Do JSC, where S96 holds at least 51% of charter capital.
III. Suggest the General meetings of shareholders authorize the BOD to ratify the following projects and contracts:
- Song Da Binh Tan Urban area Project
- Hong Thai Urban area Project
- Nam Xay Noi 2 Hydroelectric Power Project
- Other industrial zone and urban area project
IV. Seasoned issue to raise charter capital from VND25 billion to VND100 billion as follows:
1. Object and purpose of the issue: capital mobilization for above stated projects
2. Stock type: Common stock
3. Par value: VND 10,000
4. Number of issued shares: 7,500,000 shares
5. Total value of issued shares: VND 75,000,000,000
6. Issuing price: VND 10,000/share
7. Subject of the placement:
a. Employees
- Number of shares to be issued: 125,000 shares
- Total par value of shares to be issued: VND1,250,000,000
- Issue price: VND10,000/share
- The Board of Directors are assigned to choose criteria for eligible employees for the issue. Unsold shares will be decided by the BOD.
b. Shareholder named in the registration list at the exercised date
- Exercise ratio: 1:2.95 (shareholders allow to buy 59 shares for every 20 share they own)
- Number of shares to be issued: 7,375,000 shares
- Total par value of shares to be issued: VND73,750,000,000
- Odd shares will be rounded down to unit digit. Undistributed shares will be decided by the BOD.
8. Depository and listing of additional shares
9. Amendment of Charter and Business Certificate
10. Expected time of placement: Quarter IV in 2009 and Quarter I in 2010
11. BOD is authorized to develop detailed issuing plan, and selecting consultancy.
V. Expected Operating results for the period 2010-2015
|
No. |
Item |
Unit
(VND) |
Plan |
Total |
|
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
|
I |
Business
operation |
109 |
1.150 |
2.200 |
2.340 |
2.280 |
2.630 |
3.330 |
13.930 |
|
1 |
Investment
project |
109 |
1.050 |
2.050 |
2.100 |
2.000 |
2.300 |
3.000 |
12.500 |
|
2 |
Construction |
109 |
100 |
150 |
200 |
230 |
280 |
280 |
1.240 |
|
3 |
Industrial
production |
109 |
|
|
40 |
40 |
40 |
40 |
160 |
|
4 |
Services |
109 |
|
|
|
10 |
10 |
10 |
30 |
|
II |
Labor and
Salary |
|
|
|
|
|
|
|
|
|
1 |
Number of labor as of
the end of report period |
person |
250 |
350 |
380 |
400 |
450 |
500 |
|
|
2 |
Average income
(person/month) |
106 |
5,5 |
6,3 |
7,2 |
7,6 |
8,0 |
9,0 |
|
|
3 |
Salary funds |
109 |
16,7 |
26,4 |
32,8 |
36,5 |
43,1 |
54,2 |
209,7 |
|
III |
Financial
Planning |
|
|
|
|
|
|
|
|
|
1 |
Total revenues |
109 |
920 |
1.760 |
1.872 |
1.824 |
2.104 |
2.664 |
11.144 |
|
2 |
Cash in hand |
109 |
750 |
1.493 |
1.545 |
1.609 |
1.876 |
2.249 |
9.521 |
|
3 |
Payables to
the State |
109 |
75 |
138 |
160 |
189 |
235 |
947 |
|
|
4 |
Profit before tax |
109 |
80 |
130 |
152 |
202 |
250 |
300 |
1.114 |
|
5 |
Charter capital |
109 |
100 |
200 |
200 |
300 |
300 |
300 |
|
|
6 |
Rate of return |
|
|
|
|
|
|
|
|
|
|
Rate of return/ Revenues |
% |
8,7 |
7,30 |
8,12 |
10,98 |
12,01 |
11,26 |
|
|
|
ROE |
% |
80 |
65 |
76 |
67 |
83 |
100 |
|
|
7 |
Depreciation
of fixed assets |
106 |
600 |
600 |
600 |
600 |
600 |
600 |
|
|
8 |
Expected dividend payout ratio |
% |
20 |
25 |
25 |
25 |
25 |
25 |
|
hnx
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