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TSB: Results of Annual General Meeting of Shareholders 2011
Tia Sang Battery Joint Stock Company (HNX: TSB) has disclosed the results of its Annual General Meeting of Shareholders held on 02/04/2011. The following resolutions were approved:
1. Operating results of 2010 and Plan in 2011:
|
Items |
Unit |
Realized in 2010 |
Plan 2011 |
|
Production |
VND |
266,468,000,000 |
330,000,000,000 |
|
Revenue: |
VND |
269,003,007,277 |
320,000,000,000 |
|
- Revenue from Export |
USD |
1,328,147 |
1,600,000 |
|
Profit before tax |
VND |
14,129,935,439 |
15,500,000,000 |
|
Profit after tax |
VND |
10,596,956,202 |
|
|
Dividend payment |
|
|
20% of charter capital (VND 33,727,400,000) |
2. Profit distribution and Setting up Funds in 2010
|
No. |
Items |
Rate |
Unit |
|
|
1 |
Dividend payment in cash |
20 % |
VND |
6,745,480,000 |
|
2 |
Financial Reserve Fund |
5 % |
VND |
530,120,980 |
|
3 |
Investment and Development Fund |
10 % |
VND |
1,060,241,960 |
|
4 |
Bonus and Welfare Fund |
5 % |
VND |
530,120,980 |
|
5 |
Bonus for Management and the BOD |
2 % |
VND |
211,900,000 |
3. Reports of the Board of Directors and Supervisory Board.
4. Remuneration for the Board of Directors and Supervisory Board in 2010 and plan in 2011.
5. Audited financial statement 2010.
6. The BOD is authorized to sellect the auditor for Financial Statement 2011
7. Plan to increase charter capital:
- Issuer: Tia Sang Battery Joint Stock Company
- Stock code: TSB
- Securities type: Common stock
- Par value: VND10,000/share
- Number of shares to be issued: 3,372,740 shares
- Total par value of shares to be issued: VND 33,727,400,000
- Subject of the issue: Outstanding shareholders in the list recorded for the issue.
- Issue method: Exerting share purchase right
- Exercise price: VND 10,000 / share
- Exercise rate: 1:1 (Shareholders receive 1 new shares for every 1 share they own. The unsold shares will be sold by the BOD with price not lower than VNd 10,000 per share.
- All new shares in this issue are under no transfer restruction after additional listing.
- Expected proceeds: VND 33,727,400,000
- Exercise time: Quarter III/2011
- Shares in the bonus share issue will be listed on the HNX
- Charter capital before the issue: VND 33,727,400,000
- Expected Charter capital after the issue: VND 67,454,800,000
- Use of the proceeds: Supplement for working capital.
hnx
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