|
SVI: Results of annual general meeting of shareholders 2011
Bien Hoa Packaging Company (HNX: SVI) has disclosed the results of its annual general meeting of shareholders held on 29/03/2011. Participants were 90 representing 3,147,910 shares (Accounting for 81.22% of total voting rights).The following resolutions were approved:
1. Operating Results of 2010 and Profit Distribution:
|
Items
|
Unit
|
Realized in 2010
|
|
Revenue
|
VND
|
574,005,284,115
|
|
Profit before tax
|
VND
|
43,457,294,998
|
|
Income tax
|
VND
|
3,943,501,686
|
|
Profit after tax
|
VND
|
39,513,793,312
|
|
Remuneration for the BOD
|
VND
|
429,735,854
|
|
Bonus fund to the management board (2%)
|
VND
|
735,375,324
|
|
Finance reserve fund (5% )
|
VND
|
1,069,840,580
|
|
Investment and Development fund (10%)
|
VND
|
3,676,876,622
|
|
Bonus and welfare fund (15%)
|
VND
|
5,515,314,932
|
|
Dividend payment (25% of par value)
|
VND
|
9,686,650,000
|
|
Supplymentary operating capital
|
VND
|
18,400,000,000
|
2. Operating Plan and Dividend payment plan in 2011:
|
Items
|
Unit
|
Plan 2011
|
|
Revenue
|
VND million
|
602,250
|
|
Profit before tax
|
VND million
|
44,040
|
|
Average Income
|
VND/ employee/ month
|
5,500,000
|
|
Investment
|
VND million
|
185,000
|
|
Dividend payment
|
|
Equal to or higher than 15% per share
|
3. Sellecting DLT Auditing Company is the auditor for Financial Statement 2011.
4. Chair of the Board also holds Manager position.
5. Approving the issue shares to increase charter capital:
5.1. The plan of issue shares:
- Stock type: Common stock
- Subject of the issue: Outstanding shareholders
- Exercise rate: 100:18 (18% of charter capital). Shareholders are entitled to buy 18 new shares for every 100 shares they own. The number of shares shareholder can buy is rounded down to units digit. The odd lot shares and shares unsold will be sold by the Board of Directors to other subjects with price not lower than VND 15,000 per share.
- Number of shares to be offered: 1,053,000 shares
- Par value: VND 10,000 per share
- Issue price: VND 15,000 per share
- Total value of shares to be offered: VND 15,795,000,000
- Expected exercise time: Late six months of 2011.
- Use of proceeds: Invest in new packaging production factory in Binh Duong Province.
5.2. Plan of bonus share issue:
- Stock type: Common stock
- Subject of the issue: Outstanding shareholders
- Exercise rate: 100:35 (35% of charter capital)
- Number of shares to be offered: 2,047,500 shares
- Par value: VND 10,000 per share
- Issue price: VND 0 per share
- Total value of shares to be offered: VND 0
- Expected excercise time: Late six months of 2011.
- Offering method: Issue of bonus shares for outstanding shareholders Exercise rate: 100: 35 (Shareholders receive 35 bonus shares for every 100 shares they own). The number of shares shareholder receive is rounded down to unit digit The odd lot shares will be cancelled
- Resource: Investment Fund, Finance reserve fund and Retained earnings.
6. Approving the listing of new shares issued on The Hanoi Stock Exchange
7. Moving all shares listed on Hanoi Stock Exchange to Ho Chi Minh Stock Exchange.
- Approval rate: 100%
- The Board of Director is responsible for carrying out these tasks.
hnx
|
