1. Supervisory Board is assigned to make proposal relating to debts difficult to recover and advance payments to ssuppliers not yet entered in the accounts (VND1,853,568,106) before 15/07/2012.
2. Approving decreasing adjustments in expenses, payables to sellers: VND987,144,247
Handling bad debts:
- For assets without customers’ verification (VND4,916,384,644): setting up Provision for bad debts.
- Debts relating to Mr. Nguyen Duy Ngoc and Nguyen Anh Tuan: demand payment according to the law.
- Receivables from Phuc Ha Infrastructure Development and Investment (VND11,512,513,200): General Manager works with Mr. Vu Hong Su – Legal representative of Phuc Ha Infrastructure Development and Investment - to define payment date. In case of over due, Viet Star Securities Corporation has the right to decide mortage assets, including 1000 m2 of land in Nam Xa La.
- Bad debts as of 31/05/2012: VND20,708,551,906 (including VND4,916,384,644 mentioned above): setting up Provision for bad debts.
3. Plan for last 06 months of 2012:
- Develop Brokerage services
- The BOD and General manger is assigned to decide proprietary dealing within VND10 billion.