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CII: Resolution of the Board of Directors
Hochiminh City Infrastructure Investment Joint Stock Company (CII) announced the resolution of the Board of Directors dated February 10, 2012:
* Interim cash dividend for the year 2011:
- Payment rate: 18%, equivalent to about VND135 billion.
- Business plan for 2012:
- Revenue: VND 594,596,000,000
- Expense: VND 303,003,000,000
- Profit before tax: VND 291,594,000,000
- Profit after tax: VND 282,740,000,000
- EPS: VND 3,727/share
- Withdrawing capital from Kenh Dong Water Water Plant Project:
- The Board of Directors allowed CII to transfer all shares in Kenh Dong Water Supply Joint Stock Company (WASS) with a transfer price not less than VND24,000/share.
- Withdrawing capital from Dong Tam Water Water Plant Project:
- The Board of Directors allowed CII to take out capital from Dong Tam Water Water Plant Project. CII will transfer shares at basis price to shareholders in Tien Giang province.
- Cancelling 2 projects: Tan An Hoi and Tam Tan Residential Areas
- CII will not continue executing the two projects. Therefore, CII will accept to lose the expenses which were paid during the preparation period of projects, worth about VND10 billion.
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