Phat Dat Real Estate Development Corp announced the resolution of the 2012 Annual General Meeting on April 21, 2012:
Article
1: Approved the report
of the Board of Directors in 2011 and plan for 2012; report of the Board of
Management in 2011 and plan for 2012; report of the Board of Supervisors in
2011.
Article
2: Approved the
audited financial statements in 2011:
-
Revenue:
VND126,218 billion
-
Profit
before tax: VND8,820 billion
-
Profit
after tax: VND6,669 billion
-
Profit
after tax will be added to business capital and accumulate to profit after tax
of the next year.
Article
3: Approved the
business plan for 2012 and to adjust to revenue and profit for 2012:
Business
plan for 2012:
-
Revenue
from sales and services: VND418
billion
-
Profit
before tax: VND50
billion
-
Profit
after tax: VND37
billion
-
Adjust
the business plan in term 2011-2015:
+
Revenue:
total revenue in 05 years: VND10,000 billion
+
Profit:
Total profit after tax in 05 years: VND1,500 billion with rate of profit after
tax on average charter capital 20%/year.
+
Charter
capital: average charter capital VND1,500 billion
Article
4: Approved the
issuing 18,000,000 shares:
* Plan 1: Private placement to
strategic partners:
-
Purpose:
serve to the need of business operation, additional the company’s working
capital.
-
Stock
type: stock common
-
Par
value: VND10,000/share
-
Time
of implementation: estimated in 2012 and the first 04 months of 2013.
-
Issue
volume: 18,000,000 shares
-
Method
issue: private placement to under 100 investors.
-
Issue
time: one time or many times
-
Objects:
the organization of domestic and foreign
* Plan
2: Depository receipts or PDR related securities tools:
-
Purpose:
serve to the need of business operation, additional the company’s working
capital.
-
Stock
type: stock common
-
Par
value: VND10,000/share
-
Time
of implementation: estimated in 2012 and the first 04 months of 2013.
-
Issue
volume: 18,000,000 shares
-
Method
issue: private placement to under 100 investors.
-
Issue
time: one time or many times
1. Authorized the BOD
to choose one of two the issuing plan.
2. Approved to
increase the charter capital.
3. Amending the
company’s regulation.
4. Approved the listing
of additional shares.
Article
5: Authorized the
Board of Supervisors to choose an independent auditing company to audit
financial statements in 2012.
Article
6: Approved the
plan of profit distribution and remuneration and bonus of the Board of
Directors, the Board of Supervisors in 2012:
-
Profit
before tax: VND50,000,000,000
-
Profit
after tax: VND37,000,000,000
-
Profit
distribution plan:
+
Estimated
profit after tax by VND37 billion will be supplemented to business capital and
will be accumulated to profit after of the next year.
+
Remuneration
of the Board of Directors, the Board of Supervisors, the company’s Secretary:
VND912,000,000/year.
Article
7: Approved that
Mr. Nguyen Van Dat the BOD Chairman concurrently holds the position of Director
General.
Article
8: Amending the
company’s regulation.
Article
9: This resolution
takes effect from April 21, 2012.
