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HBE: Results of Annual General Meeting of Shareholders 2010
Ha Tinh Book and Educational Equipment JSC has disclosed the results of its Annual General Meeting of Shareholders held on 11/04/2010. . Participants were 151 representing 1,734,473 shares (Accounting for 77.74% of total voting rights). The following resolutions were approved:
1. Report 2009
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|
2007 |
2008 |
2009 |
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Revenue |
VND 26,906,762,000 |
VND 32,759,156,000 |
VND 39,400,652,000 |
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Profit before tax |
VND 1,086,620,000 |
VND 1,744,269,911 |
VND 1,299,805,789 |
|
Payables to the State |
VND 175,812,000 |
VND430,000,000 |
VND580,000,000 |
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Average income |
VND 1,894,000 |
VND 2,337,000 |
VND 2,150,000 |
|
Dividend payment |
10% |
12% |
7% |
|
Charter capital |
VND10,000,000,000 |
VND10,000,000,000 |
VND22,310,580,000 |
2. Issue method and use of proceeds:
Because since Dec 2009, the price of HBE stock is below par value (VND10,000) and the exercise rate applied to outstanding shareholders is 1.08%, the BOD decided to offer shares to other subjects with issue price of VND10,000/share.
Use of proceeds:
- Invest in Hoa Sen Pre-school: VND15 billion including VND10 billion from the fund raising and VND5 billion as loan from Commercial Bank.
- Multi-grade school (Currently in the planning process): VND337,400,000
3. Plan in 20010-2014
Business line:
- Selling books
- Selling reference books, notebooks, products of Vietnam Education publishing house
- General Services
- Lab equipment
- Education equipment, school interior, household furniture, office furniture
- Technological equipment, hospital for computer
- Teching and training
- School
- Attending projects of the province.
Operating Plan (Unit: VND1,000)
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|
2010 |
2011 |
2012 |
2013 |
2014 |
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Revenue |
47,070,000 |
50,660,000 |
55,160,000 |
56,960,000 |
57,460,000 |
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Profit before tax |
3,100,000 |
3,400,000 |
4,000,000 |
4,200,000 |
4,400,000 |
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Average income |
2,500 |
2,500 |
2,600 |
2,800 |
2,800 |
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Dividend payment |
12% |
12% |
12% |
12% |
12% |
* Expected charter capital:
- Year 2012: VND32 billion
- Year 2014: VND 40 billion
4. Amendment of the Company’s Charter: Charter capital is VND22,310,580,000
5. Electing BOD and Supervisory Board term 2010 - 2014
* Board of Directors:
- Mr. Ho Gia Bao
- Mr. Nguyen Thai Toai
- Mr. Ho Phuong Nam
- Ms. Nguyen Thi Thu Hang
- Ms. Ho Thi Ha
* Supervisory Board
- Ms. Nguyen Thi Yen
- Mr. Nguyen Van Tuan
- Ms. Nguyen Thi Lan
hnx
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