Sài Gòn Machinery Spare Parts Joint Stock Company announced the resolution of the 2012 annual general meeting dated June 29, 2012:
Article 1: AGM approved the 2011 profit distribution and dividend, and fund distribution
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Total profit
distribution: VND11,898,378,534
-
Dividend of 14%: VND11,331,789,080
-
Investment and development fund: VND0
-
Financial reserve fund: VND566,589,454
-
Bonus and
welfare fund: VND0
Article 2: AGM authorized the Board of Directors to announce the record date for payment for the 2010 cash
dividend of 5% on August 20, 2012, payment for the 2011 cash dividend of 14% on
December 20, 2012 and advance of dividend for first 6 months of 2012.
Article 3: AGM approved the business plan for 2012
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Sales: VND600 billion
-
Profit before tax: VND15 billion
-
Dividend: expected on 9%
Article 4: AGM approved remuneration of the Board of
Directors, the Board of Supervisors in 2012 which will pay the same as 2011.
Article 5: AGM approved the BOD Chairman concurrently as CEO
Article 6: AGM authorized the Board of Directors to
choose AISC auditing firm for fiscal
year 2012 and choose an auditing firm for Dakglun hydropower projects in Binh Phuoc.
Article 7: AGM authorized the Board of Directors to
implement mail projects.
Article 8: AGM authorized the Board of Directors to
choose plan for Dakglun hydropower
factory in Binh Phuoc Province
is independent company.
Article 9: AGM authorized the Board of Directors to
choose plan for borrowing loan
Article 10: AGM authorized the Board of Directors to
decide plan for depository and listing
additional new share.
Article 11: AGM approved to amend the Articles of Association
Article 12: The
resolution is valid as from June 29, 2012.
