S96: Results of Annual General Meeting of Shareholders 2009

Song Da No. 9.06 JSC has disclosed the results of its Annual General Meeting of Shareholders held on 04/11/2009. The following resolutions were approved:

1.             First dividend payment of 2009 with exercise rate of 13%

2.             Establishment of subsidiary company named: Song Da Dong Do JSC. S96 holds at least 51% of charter capital of subsidiary company. After the establishment of subsidiary company, S96 will focus on business activities include: urban area project, major industrial zone and hydroelectric power. All of engineering and construction projects have been signed and going to sign will be transfered to subsidiary company for implementation.

3.             BOD is authorized to approved investment projects, contracts and issues related to the following projects:

-                Song Da Binh Tan Urban Area Project, Binh Tan District, Hochiminh City

-                Hong Thai Urban Aarea, Dan Phuong, Hanoi City

-                Nam Xay Noi II Hydroelectric Power, Lao Cai Province

-                Other Urban area and Industrial zone projects.

4.             Seasoned issued to increase Charter capital from VND 25 bil to VND 100 bil.

-                Purpose of the placement: increase working capital. The proceeds shall be invested in the three projects mentioned above.

-                Stock type: Common stock

-                Par value: VND 10,000

-                Total volume of share issued: 7,500,000 shares

-                Total par value of share issued: VND 75,000,000,000

-                Objects of the placement: employees, outstanding shareholders.

-                Plan of the placement:

•              Placement to employees (5% of charter capital)

           -          Total volume of share issued: 125,000 shares

           -          Total par value of share issued: VND 1,250,000,000

           -          Offering price: VND 10,000/share

           -          BOD is authorized to decide the criteria of selecting employees to enjoy the placement and the number of shares entitled to buy.

•              Placement to outstanding shareholders:

            -          Exercise rate: 1: 2.95 (shareholders entitled to buy 59 new shares for every 20 shares they own)

            -          Total volume of share issued: 7,375,000 shares

            -          Total par value of share issued: VND 73,750,000,000

            -          Offering price: VND 10,000/share

-          Odd shares and unsold shares will be decided by BOD. Number of share issued will be round down to unit digit.

-            Deposit and listing of additional shares in HNX.

-            Amendment of Company’s charter capital and Business Certificate.

-            Exercise date: Quarter IV/2009 and Quarter I/2010.

-            BOD is authorized to develop detail issuing plan, selection of issuing time and selection of advisory partner.

HNX

>   BHV: Result of transaction of connected person (17/11/2009)

>   BHV: Result of transaction of connected person (17/11/2009)

>   HUT: Result of transactions of Directors, PDMR (17/11/2009)

>   B82: Result of transactions of Directors, PDMR (17/11/2009)

>   SAP: Result of transactions of Directors, PDMR (Mr. Tam) (17/11/2009)

>   DBC: Adjustment of volume of shares offered to strategic shareholders on private placement (17/11/2009)

>   DTC: Board Resolution (17/11/2009)

>   VTL: Establishment of subsidiary (17/11/2009)

>   TJC: Result of transactions of Directors, PDMR (Mr. Son) (17/11/2009)

>   SJM: Result of transactions of Directors, PDMR (Mr. Hao) (17/11/2009)