Dong Phu Rubber Joint Stock Company (DORUCO) announced the board resolution dated August 16, 2013:
I.
The Board of Directors approved the report on business
activities in the first six months of 2013:
-
Total revenue: VND400 billion;
-
Total profit before tax: VND179.855 billion (34.7%
plan)
-
Total profit after tax: VND159.991 billion
-
The average
selling price in six months: over VND59 million/ton
II.
The Board of Directors approved business plan for Quarter 3
and 2013:
-
Business:
+
Products in Quarter 3: 33% of plan 2013
+
Products in 2013: over 05% of plan 2013
+
Procurement: 4,000 tons
+
Investing in RSS rubber plant in Dong Phu – Dac Nong Company. Total
investment in 2013: VND10 billion.
III. The Board of
Directors approved to to raise its charter capital in its two subsidiaries:
1. Dong Phu – Kratie Rubber Company:
-
Charter capital from VND500 billion to VND900 billion
-
DORUCO will contribute
VND280 billion in 02 years (2013-2014), leading to contribution of DORUCO in
Dong Phu – Kratie Rubber Company will be VND525 billion (58.33%).
- Dong Phu Technical Rubber Company:
-
Charter capital from VND148 billion to VND164 billion in
2013
-
DORUCO will contribute VND16 billion in 2013, leading to
contribution of DORUCO in Dong Phu – Kratie Rubber Company will increase from
71.82% to 74.57%
IV.
The Board of Directors approved to restructure DORUCO.
V.
The Board of Directors approved shares buy back:
-
Number of shares buy back: 1,000,000 shares (2.32% of outstanding
shares)
-
Trading period: in August and in September, 2013
-
The source financial: surplus equity
-
Price: not over VND50,000/share
