STG: Board Resolution

South Logistics Joint Stock Company announced the board resolution dated August 15, 2012:

Article 1: The Board of Directors approved the audited financial statements for the first six months of 2012.

Article 2: The Board of Directors approved the plan for interim dividend payment for 2012:

Payment ratio: 12%

Article 3: The Board of Directors approved the documents which would be submitted to the 2012 extraordinary meeting of shareholders.

Article 4: The Board of Directors directed the Company’s debt situation:

The Board of Directors requested to implement the CEO’s commitment to reduce the Company’s debts until 31 December 2012 by 20 percent to VND58 billion.

Article 5: The Board of Directors directed to restructure company:

The Board of Directors approved:

- To start to merge the delivery unit of International Transport and Forwarding Agent Enterprise into Forwarding Logistics Enterprise in September and finish in 2012.

- Not to extend the contract for Vavoline oil. The contract will be terminated in late September this year, and STG will not supply Vavoline oil to the partner from October 01, 2012.   

HOSE

>   PHH: Board Resolution (27/08/2012)

>   DAP: Corporate Governance report (first 06 months) (27/08/2012)

>   GMD: Gemadept issues US$40 million convertible debts (27/08/2012)

>   ALP: Resolution of the Shareholders’ Extraordinary Meeting 2012 (27/08/2012)

>   VCBS: Change of Hochiminh Branch’s Director - Revised (27/08/2012)

>   ACBS: Change of Khanh Hoa Branch’s Director (27/08/2012)

>   VCBS: Change of Hochiminh Branch’s Director (27/08/2012)

>   SAV: Board Resolution (27/08/2012)

>   GSP: Board Resolution (27/08/2012)

>   CMG: Change of Chief Accountant (27/08/2012)