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BHT: Results of AGM of Shareholders 2011
Bach Dang TMC Construction Investment Joint Stock Company (HNX: BHT) has disclosed the results of its Annual General Meeting (AGM) of Shareholders held on 20/04/2011. The following resolutions were approved:
1. Operating results of 2010
- Net income (VAT tax including): VND81,811 billion
- Gross profit: VND5,522 billion
- Profit after tax: VND3,077 billion
- Dividend payment: 13%/year
2. Plan 2011
- Net income: VND125,0 billion
- Gross profit: VND6,1 billion
- Profit after tax: VND4,57 billion
- Dividend payment: 18%/year
3. Audited financial statement 2010
4. Profit distribution and dividend payment plan 2010
|
No. |
Items |
2010 |
|
1 |
Total income of shareholders |
3,380,000,000 |
|
2 |
Dividend payment (10%) |
2,600,000,000 |
|
3 |
Retained income of shareholders |
780,000,000 |
|
4 |
Investment and development fund (20%) |
57,979,463 |
|
5 |
Finance reserve fund (10%) |
28,989,732 |
|
6 |
Bonus fund (40%) |
115,958,926 |
|
7 |
Welfare fund (30%) |
86,969,194 |
|
8 |
Retained earnings |
0 |
5. Reports of Supervisory Board
6. List of auditing companies for FY2011:
- AASCN
- Vietland
- CPAVN
- A&C
- BDO Vietnam
7. Remuneration for the BOD and Supervisory Board
In 2010:
+ Remuneration for the BOD: VND75,600,000
+ Remuneration for Supervisory Board: VND14,400,000
- In 2011:
+ Remuneration for the BOD: VND75,600,000
+ Remuneration for Supervisory Board: VND14,400,000
8. Amendment of the Company’s Charter
Item 1 and 3f of article 26 of the Company’s Charter
9. Plan of issuing convertible bonds
- Name of the issuer: Bach Dang TMC Construction Investment Joint Stock Company
- Bond type: Convertible bond
- Purpose: To invest into the Company’s projects
- Issue time: Quarter II/2011
- Number of bonds to be issued: maximum 200,000 bonds
- Par value: VND100,000
- Term: minimum 1 years
- Total par value of shares to be offered: maximum VND 20 billion
- Offering price: VND100,000/ bond
- Yield percentage: 12%/year
- Conversion period: Bonds will be converted to shares in maturity date or following the Board Resolution
- Conversion price: VND10,000/ share
- Conversion ratio: 1 bond is converted into 10 shares
10. The BOD is assigned to decide some issues, namely:
- Realize issueing convertible bonds
- Selecting convertible bonds offering consultant company and make request for depository and listing additional shares
- Setting up plan to use money from offering bonds
11. Chair of the Board also holds the General Manager position.
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