SGH: Board Resolution on dividend payment and AGM agenda
SAIGON HOTEL CORPORATION announces Board Resolution approved on 17/04/2012 as follows:
1. Approving the operating results of 2011:
- Total revenue: VND26,747,294,481 equalling 101% compared to plan
- Profit before tax: VND12,697,350,863 equalling an increase of 13.37% compared to plan
- Profit after tax: VND10,501,527,712 equalling an increase of 25.02% compared to plan
2. Annual General Meeting of Shareholders 2011:
- Expected exercise date: 27/04/2012
- Place: Emperor Room, Sai Gon Hotel, 41-47 Dong Du, District 1, Hochiminh City 3.Offering to outstanding shareholders:
- Agenda:
+ Dividend of 2011: 20% of charter capital
+ Plan of 2012:
- Revenue: VND28.2 billion
- Operating income: VND9.9 billion
- Expected dividend: 10% (VND1,000 per share)
+ Remuneration for the BOD and Supervisory Board 2011
+ Profit distribution 2011 and 2012
+ Selecting auditor for 2012
+ Upgrading and reparing the hotel: Quarter II/2013 instead of previous announcement. Reason: supplementing license documents.
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