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SD2: Results of Annual General Meeting of Shareholders 2009
Song Da 2 JSC has disclosed the results of its Annual General Meeting of Shareholders held on 28/4/2010. The following resolutions were approved:
1. Report of Operating result of 2009
- Total assets: VND 390,125,831,923
- Revenue: VND 363,380,970,636
- Profit before tax: VND 17,082,755,354
- Payment to State budget: VND 20,611,573,000
- Dividend payout ratio: 15%
2. Plan in 2010
- Revenue: VND 436.8 bil
- Profit before tax: VND 22.6 bil
- Payment to State budget: VND 22.7 bil
- Dividend payout ratio: 15%
- Total investment: VND 384.5 bil, in which:
+ Capacity building: VND 2.5 bil
+ Expansion of operation: VND 370.2 bil
+ Financial investment: VND 11.85 bil
3. Audited financial statement 2009 and profit distribution plan:
+ Dividend payment (15%): VND 7,924,200,000
- First dividend payment 2009 (12%-paid): VND 5,824,200,000
- Remaining dividend payment of 2009 (3%): VND 2,100,000,000
+ Financial reserve fund: VND 682,388,641
+ Development Investment fund: VND 1,473,767,297
+ Reward and welfare fund: VND 1,364,777,283
+ Reward Management Board: VND 300,000,000
4. Payment for Board of Directors and Supervisory Board in 2009 and plan for 2010
- In 2009: VND 576 mil
- In 2010: VND 840 mil
5. Activities report of the BOD in 2009 and plan for 2010
6. Activities report of the Supervisory Board in 2009 and plan for 2010
7. Issuance of Corporate bond or Project note and share seasoned issue in 2010 to increase the company’s charter capital from VND 70 bil to VND 120 bil as follow:
7.1 Bond issuance:
- Bond type: Coporate bond/ Project note
- Par value: VND 1,000,000 / bond
- Offering price: VND 1,000,000 / bond
- Number of bonds issued: 30,000 bonds
- Total value issued: VND300 billion
- Issue method: Private placement
- Term: 3 years
- Interest: Float and upon negotiation with investors.
7.2 Charter capital increase:
- Offering volume: 5,000,000 shares
- Total par value of stock offering: VND 50,000,000,000
- Subjects of the placement:
+ Outstanding shareholders: 4,666,666 shares at 3 : 2 (Shareholders are entitled to buy 02 new shares for every 03 shares they own. The number of shares shareholder can buy is rounded down to unit digit)
+ Employees: 333,334 shares follows the list approved by the BOD.
- Offering price: VND 10,000 /share
- The odd shares and shares unsold will be determined by the Board of Directors in terms of price and subject of the offering.
- Plan of using the proceeds: Investment projects in 2010 and increase the company’s working capital
- Expected exercise date: Decided by the BOD.
- Listing of additional issued shares.
8. Assigning the Board of Directors to choose one of the 3 following auditors for auditing the Company’s 2010 financial statement:
- Hanoi Company Profession of Auditing and Accounting Ltd
- Vietnam Auditing and Evaluation Company Ltd
- Auditing and Accounting Financial Consultancy Service Company Limited
9. Amendment of the company’s charter.
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