South Logistics Joint Stock Company (SOTRANS) announced the resolution of the Board’s meeting held on June 29, 2012:
Article 1: The Board of Directors passed Document
No.194/KVMN-KTTC on borrowing VND70 billion from Vietcombank – Hochiminh Branch
in order to raise STG’s working capital. STG will use the property at 18 Hoang
Dieu, Ward 12, District 4, Hochiminh
City to mortgage for the
loan.
Article 2: The Board of Directors decided to choose
Deloitte Vietnam Co., Ltd. as the company who will audit STG’s financial
statements in 2012.
Article 3: The Board of Directors approved the
allowance payment ratio to the Board of Directors in the second term 2012:
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Chairman: 2.0
-
Deputy Chairman: 1.2
-
Member: 1.0
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Secretary of the Board of Directors: VND1,000,000/month
Article 4: The Board of Directors allowed the
Chairman and the CEO to use the Company’s cars to serve the travel needs but
not use for personal purposes.
Article 5: The Board of Directors approved to
implement the resolution of the 2012 annual general meeting of shareholders about
planning, completing the development strategy in the period 2012-2016, and
increasing capital for investment.
Article 6: The Board of Directors approved to
organize the 2012 extraordinary meeting of shareholders.
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The Board of Directors authorized Ms. Doan Thi Dong to
decide time and execute procedures to organize the 2012 extraordinary meeting
in order to pass business strategy for 2012-2016 and capital increase plan.
Article 7: This resolution shall take effect from
June 29, 2012.
