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CTB: Results of annual general meeting of shareholders 2011
Hai Duong Pump Manufacturing Joint Stock Company (HNX: CTB) has disclosed the results of its Annual general meeting of shareholders held on 19/03/2011. The following resolutions were approved:
1. Operating, investment, dividend payment results and profit distribution plan of 2010:
1.1. Main operating items:
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Items
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Unit
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Value
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Production
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VND
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49,514,163,377
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Revenue and other imcome
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VND
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122,589,635,893
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Profit before tax
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VND
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9,715,819,173
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Profit before tax
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VND
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7,749,952,701
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Remuneration for BOD and Supervisory Board
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VND
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130,000,000
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1.2. Investment results 2010:
- Plan: VND4,665,071,045
- Realized: VND4,201,110,227
1.3. Dividend payment in cash and Profit after tax distribution 2010
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No.
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Items
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Unit
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Amount
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Profit after tax
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VND
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7,749,952,701
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1
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Dividend payment in cash by 25%
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VND
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4,285,825,000
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2
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Funds
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VND
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14,338,868,000
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- Investment and development fund
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VND
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533,963,732
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- Finance reserve fund
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VND
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0
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|
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- Bonus and welfare fund
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VND
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750,000,000
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- Bonus fund for Management Board
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VND
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230,000,000
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- Remuneration for the BOD and Supervisory Board
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VND
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82,000,000
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3
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Retained earnings
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VND
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1,868,163,969
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2. Plan for 2011
2.1. Operating plan
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Items
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Unit
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Plan 2011
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Production
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VND billion
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57
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Revenue
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VND billion
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150
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Profit before tax
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VND billion
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10.5
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Average income
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VND/person/ month
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5,400,000
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Dividend payment
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%
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20 (VND2,000 per share)
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Remuneration for the BOD, Supervisory Board
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VND million
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150
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Wafe fund of the BOD
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VND million
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390
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Bonus fund for Management Board
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VND million
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250
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2.2. Auditing company for 2011
Viet Nam Auditing and Evaluation Company.
Address: Song Da Building – No.165 – Cau Giay – Ha Noi
2.3. Share issue
Seasoned issueeof 1,371,464 shares for shareholders following Board resolution of 11/09/2010
3. Investment plan on “Hai Duong Pump Manufacturing Joint Stock Company” at Road 5 Industrial Zone – Cam Thuong Ward – Hai Duong City with following contents:
3.1. Scope of project:
- Project area: 50,372.6 m2
- Place: Production base No.2 – Road 5 Industrial Zone – Cam Thuong Ward – Hai Duong City.
3.2. Total investment
Total investment: 150,481 VND million, includes:
- Construction: VND81,038,200,000
- Equipments: VND43,905,000,000
- Primary operators: VND13,197,070,000
- Provision: VND12,340,730,000
3.3. Resources:
Including: Owners’ equity, equity from stock issue and loan from credit agencies.
Total investment: VND150,481,000,000, includes:
+ Commercial loan: VND55,000,000,000
+ Capital from stock issue: VND95,481,000,000
3.4. Time: 2010 – 2015 and is divided into 3 stages
- 1st stage: From 2010 until the end of QI/2012
- 2nd stage: From QII/2012 until the end of 2013
- 3rd stage: From QI/2014 until the end of 2015
4. Investment plan of 1st stage an on “Hai Duong Pumping Manufacturing Joint Stock Company”.
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