|
VTV: Results of Annual General Meeting of Shareholders 2010
Cement Materials and Transportation JSC has disclosed the results of its Annual General Meeting of Shareholders held on 30/6/2010. The following resolutions were approved:
1. Operating results of 2009 and plan 2010:
|
Items |
Unit |
Year 2009 |
Plan 2010 |
|
Revenue |
VND billion |
1,335 |
2,147.430 |
|
Profit |
VND billion |
28.891 |
32.702 |
|
Payables to the State |
VND billion |
18.109 |
8.794 |
|
Dividend |
% |
10 |
10 |
2. Reports of Supervisory Board
3. Profit distribution 2009
|
No. |
Items |
VND |
|
1 |
Profit before tax |
28,891,604,977 |
|
|
Income tax (25%) |
7,222,901,244 |
|
|
Actual income tax |
3,611,450,623 |
|
|
Exempted income tax |
3,611,450,623 |
|
|
Profit after tax 2009 |
21,668,703,733 |
|
|
Dividend payment 15% (Treasury shares excluded) |
9,687,200,000 |
|
2 |
Setting up funds |
11,981,503,733 |
|
|
- Reserve fund for charter capital supplement (Not over 5% Profit after tax until the fund is equal to 10% Charter capital ) |
1,083,435,187 |
|
|
- Financial reserve fund (10% Profit after tax until the fund is equal to 25% Charter capital ) |
2,166,870,373 |
|
|
- Bonus fund to the management board |
717,412,348 |
|
|
- Investment and Development fund (at least 10% Profit after tax ) |
4,333,740,747 |
|
|
- Reward fund (At most 10% Profit after tax ) |
1,513,174,705 |
|
|
- Welfare fund (At most 10% Profit after tax ) |
2,166,870,373 |
|
3 |
Supplement Investment and Development fund with 5% Dividend payment of 2009 |
3,250,000,000 |
4. Setting up the bonus fund to the management board: 2% of profit before tax. In case profit before tax increases 10% or more compared to the plan, the bonus fund is added 5% of the surplus.
5. Remuneration for the BOD, Supervisory Board and the Company’s Secretary:
- Already paid:
+ Year 2009: 30,000,000 x 11 months = VND 330,000,000
+ Year 2010: VND 30,000,000 (Remuneration of December 2009 was accounted to Jan 2010)
- Plan of remuneration 2010:
- Total remuneration: 30,000,000 x 12 months = VND 360,000,000
6. Viet Nam Auditing And Accounting Consultancy Company (AVA) is selected as the auditor of the Company in 2010.
7. Invest in the 17-floor Building at 21B Cat Linh – Ha Noi: VND 188,485,650,000 where commercial loans account for 50%.
8. Report on the result of the issue phase 1 to increase charter capital from VND 65 billion to VND110 billion.
- Volume offered: 4,500,000 shares
- Offering price: VND19,470/share
- Net proceeds: VND 87,504,000,000
9. Issue plan Phase 2:
- Offering 4,600,000 shares to outstanding shareholders
- Exercise rate: 55:23 (Shareholders on the list recorded are entitled to buy 23 new shares for every 55 shares they own)
- Offering price: 75% average price of 5 consecutive sessions before the ex-right date but not less than VND20,000/share
10. The BOD is assigned to build plan for fund raising 2011 (Increase from VND156 billion to VND 400 billion as expected)
11. Amendment of the Company’s Charter:
- New charter capital: VND 110 billion
- Branch of the Company in Phu Tho is replaced with the Representative Office in Phu Tho
+ Address of the office: Hung Son town, Lam Thao district, Phu Tho province
+ Tel: 0201 825023 - 0201 825023
+ Fax: 0210 825715
+ Effective date: 30/6/2010
12. Mr. Ly Tan Hue is elected Director in place of Mr. Vu Van Hiep.
hnx
|
