Post and Telecommunications Investment and Construction Joint Stock Company announced the resolution of the 2012 Annual General Meeting on April 27, 2012:
Article 1: Approved the reports of the BOD in 2011
Article 2: Approved the profit & loss in 2011 and the plan 2012:
- Profit & loss in 2011:
+ Revenue: VND 263,531 billion (61.84% of the plan).
+ Profit before tax: VND 3,351 billion (11.32% of the plan).
+ Profit after tax: VND 2,944 billion ( 15% of the plan).
- Business plan for 2012:
+ Revenue: VND 342.10 billion
+ Profit before tax: VND 16.65 billion
+ Profit after tax: VND 12.48 billion
+ Dividend rate: VND 12.48 billion
Article 3: Approved the audited financial statements in 2011 by A& C Co. Ltd
Article 4: Approved the reports of the Board of Supervisors in 2011.
Article 5: Approved the distributing bonus shares from capital surplus to increase charter capital as follows:
5.1 Distributing bonus shares from capital surplus according rate: 1:1 for 9,500,000 outstanding shares
5.2 Total capital surplus for distributing bonus shares: VND 95,000,000,000
5.3 After distributing bonus shares, the charter capital will be increase with value: VND 195,000,000,000
5.4 Time of implementation: Quarter 2/2012
5.5 Authorized the Board of Directors to implementation of resolutions
Article 6: Amending the company’s regulation
Article 7: Approved for remuneration of the Board of Directors and the Board of Supervisors in 2012 not less than VND 5.5 million/person/month
- If the company not incomplete the plan, remuneration the BOD and the BOS will be receive according rate of profit before tax in 2012 x average remuneration but not less than 3 million dongs/person/month
Article 8: Authorized the Board of Directors to decide the use financial reserve fund.
Article 9: Approved the plan, structure total assets and land at Ngoc Diep – Lang Hoa Lac – Ha Noi.
Article 10: Choosing IFC Co. Ltd to audit for financial statements in 2012.
Article 11: Approved the appointment Mr. Nguyen Thai Khanh as a members of the Board of Directors in term 2010-2014 and Mr. Nguyen Minh Duc as a members of the Board of Supervisors in term 2010-2014
Article 8: This resolution took effect from date signing April 27, 2012.
