Saigontourist Transport Corporation (Satraco) has cancelled Article 5 of the resolution of annual general meeting 2011 and corrected the meeting minutes because the number of ayes for Article 5 is just equal to 63.39%, less than 75% - the minimum necessary number of ayes. Therefore, the resolution now includes the four articles:
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.
