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LIG: Results of Annual General Meeting of Shareholders 2010
LICOGI 13 JSC has disclosed the results of its Annual General Meeting of Shareholders held on 22/04/2010. The following resolutions were approved:
1. Report of 2009
* Productivity: VND 518,658,000,000
* Revenue: VND 488,325,000,000
* Profit after tax: VND 17,466,000,000
* Profit distribution:
- Investment & development fund (10%): VND 2,137,000,000
- Reserve fund for Charter Capital supplement (5%): VND 726,000,000
- Welfare and reward fund (8%): VND 1,161,000,000
- Reward fund for complet in schedule (1%) : VND 145,000,000
- Value of dividend payment: VND 9,000,000,000
(5% in cash & 10% by shares, BOD assigned to choose the time)
- Retained profit of 2009: VND 4,298,000,000
2. Plan of 2010
* Consolidated productivity: VND 700,000,000,000
* Consolidated revenue: VND 600,000,000,000
* Profit after tax of Holding company: VND 27,282,000,000
* Profit for dividend: VND 22,500,000,000
* Expected dividend rate (%): 15
3. Targets and investment programs of 2010
- Buying facilities, divices and line production; investing in real – estate, stone exploitation and finance with the total is VND 263,810,000,000.
- Assigning BOD to choose the time for repurchasing for Treasury stock with a value is over 10% Charter Capital.
4. 2010 - 2014 Orientation of BOD
* Development of trading and producing:
- Implementing of modern: Holding company (LICOGI13 Holdings) and Subsidiaries (LICOGI13 FC, LICOGI13 E&C, LICOGI13 IMC) and establishing two others.
- Ensuring growing rate is 15%, rate of average dividend over 15.5 %/year, rate of developing investment 30 – 35% revenue/year.
* Development of resources: human resource, cooperations, tradmark...
5. Audited Financial statement of 2009
6. Payment for BOD and Supervisory of Board in 2010: 2% profit after tax
7. Reward for BOD and Supervisory of Board in 2010: 5% surplus over the planed profit after tax
8. Choosing Audit company for 2010
9. Issuing plan of increase in Charter Capital from VND 120,000,000,000 to VND 135,000,000,000. Choosing strategic shareholders. Plan of using capital increasing.
10. Disjoining capital with Ngoc Linh Hydro Power JSC
11. Electing new BOD and Supervisory Board (2010 – 2014):
* Board of Directors list
Mr. Vu Tuan Duong
Mr. Nguyen Quoc Hung
Mr. Bui Dinh Son
Mr. Nguyen Van Hiep
* Supervisory Board list
Mr. Nguyen Khac Minh
Ms. Tran Thi Van Anh
Mr. Pham Thanh Hung
12. New company Charter based on shareholder opinions on 06/11/2009.
hnx
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