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MAC: Results of Annual General Meeting of Shareholders 2010
Marine supply and engineering service JSC has disclosed the results of its Annual General Meeting of Shareholders held on 03/04/2010. The following resolutions were approved:
1. Operating results of 2009 (Audited, unit: VND)
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Total assets |
108,410,867,313 |
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Total revenue |
117,581,645,773 |
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Profit before tax |
4,007,013,985 |
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Income tax |
786,687,415 |
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Profit after tax |
3,404,244,463 |
2. Profit distribution 2009 (Unit: VND)
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Financial reserve fund |
146,404,485 |
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Reward and welfare fund |
439,213,455 |
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BOD fund |
146,404,485 |
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Dividend payment (17,5% of par value) |
5,600,000,000 |
Dividend payment method:
- 5% in cash
- 12,5% by share (Resoures from retained earnings)
- Expected exercise date: Quarter II/2010
3. Plan 2010 (Unit: VND)
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Revenue |
100,000,000,000 |
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Profit before tax |
5,500,000,000 |
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Income tax |
1,375,000,000 |
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Profit after tax |
4,125,000,000 |
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Dividend payment |
15% |
4. Fundraising plan
Purpose of the issue: to supplement working capital, reduce loans from bank
Offering volume: 1,900,000 shares
Par value: VND10,000/share
Stock type: common
Stock code: MAC
Offering method:
a. Offering to outstanding shareholders:
- Offering volume: 800,000 shares
- Offering price: VND10,000/share
- Exercise rate: 4:1 (Shareholders are entitled to buy 01 new share for every 04 shares they own)
b. Public offering: the BOD is assigned to carry out the public offering (Priority is given to big investors)
- Offering volume: 1,100,000 shares
- Offering price: VND10,000/share
Offering time: the BOD is assigned to choose the time for the issue
The number of shares shareholder can buy is rounded down to unit digit. The odd shares and shares unsold when offering to outstanding shareholders will be offered to the public by the Board of Directors with the price VND10,000/share.
Charter capital structure after the issue:
- Current outstanding shares: 3,200,000 shares
- Number of shares to be issued: 2,300,000 shares including
Dividend payment by share: 400,000 shares
Offering volume: 1,900,000 shares
- Charter capital after the issue: VND55,000,000,000
5. Registration for depository and additional listing of new shares
6. Transfer the land use right of 02 land lot at 97/47 Road 8, Tang Nhon Phu B Ward, District 9, Hochiminh City and the land of 4,200m2 area bought in 2008 in vicinity of the Ship building workshop at 173 Ngo Quyen Road, May Chai Ward, Ngo Quyen, Hai Phong. Purpose: invest in the South Branch and Container business to improve capacity and competitiveness.
Transfer or change the land use right of the land and assets on 8A, Van My road, Ngo Quyen, Hai Phong and workshops at 173 Ngo Quyen Road, May Chai Ward, Ngo Quyen, Hai Phong. Purpose: invest in container services at Dinh Vu Hai Phong Industrial Zone.
7. Capital contribution to subsidiaries and associated companies
+ Decrease the holding at Maserco Container Co., Ltd. to below 50% of charter capital of this company
+ Decrease the holding at Nam Duong Marine JSC
+ Withdraw all capital contributed to Hai Dang Construction and Real Estate Investment JSC
8. An Phu Co., Ltd. is selected to be the auditor in 2010
9. Remuneration to the BOD and Supervisory Board: VND45,000,000/month and accounted to operating expenses.
hnx
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