Saigontourist Transport Corporation (Satraco) announced the resolution of the 2011 annual general meeting of shareholders, which was organized on November 19, 2012:
Article 1: The Meeting approved the 2011 financial
statements audited by DTL Company, the 2012 business plan, and report of the
Board of Directors.
-
Business results in 2011:
+
Total revenue: 94,777,113,051 VND
+
Gross operating profit: 12,089,325,696 VND
+
Profit before tax: 4,506,934,717 VND
+
Profit after tax: 3,099,843,308 VND
+
Dividend: 3%, in cash
-
Targets for 2012:
+
Total revenue: 90,295,529,259 VND
+
Direct profit: 6,298,477,816 VND
+
Dividend for 2012: 3% or less
Article 2: The Meeting approved to authorize the
Board of Directors to choose an auditing company for fiscal year 2012 from the
companies: UHY, A&C, and another auditing company.
Article 3: The Meeting approved a report on
adjustments in the Article of Association.
Article 4: The Meeting approved a report on
travelling expense of the Board of Directors in 2011.
Article 5: The Meeting approved a report on the
search for strategic partners to sell STT’s shares. After shareholders listened
the purchase plan of Mr. Shogo Kakazu – Director of Skirr Japan, shareholders
decided to cancel the plan which was adopted by the 2010 general meeting of
shareholders and agreed to sell shares to strategic partners. The Meeting
authorized the Board of Directors to seek local and foreign investors to
negotiate a most profitable stock price.
