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FCN: Resolution of general meeting of shareholders Fecon Foundation Engineering and Underground Construction Joint Stock Company announced the resolution of general meeting of shareholders as follows:
- Approving the 2014 business plan:
By:
VND Million
|
No.
|
Item
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2014
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2013
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Growth rate
|
|
1
|
Revenue
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1,500,000
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1,204,727
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25%
|
|
2
|
Profit before tax
|
197,000
|
149,557
|
32%
|
|
3
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Profit after tax
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148,000
|
116,860
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27%
|
- Approving the 2013 profit distribution and the plan of
2014 profit distribution
The
2013 profit distribution
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Item
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VND
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% / profit after tax
|
|
Undistributed profit after tax at December 31,
2013
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137,751,276,249
|
|
|
Profit after tax of 2013
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116,860,312,101
|
|
|
Distribute to funds from profit after tax of
2013
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29,215,078,025
|
|
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Development and Investment Fund
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11,686,031,210
|
10%
|
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Financial reserve fund
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5,843,015,605
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5%
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Welfare and bonus fund
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11,686,031,210
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10%
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Dividend of 2013
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79,518,236,000
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20%
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By cash
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39,759,118,000
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10%
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By share
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39,759,118,000
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10%
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The
plan of 2014 profit distribution
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Development and Investment Fund
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10% of profit after tax
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|
Financial reserve fund
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5% of profit after tax
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Welfare and bonus fund
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10% of profit after tax
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Dividend
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15% in cash
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- Approving remuneration for members of Board of Directors
and the Inspection Committee in 2013: VND2,337,206,242 (2% of profit after
tax).
Approving
remuneration for members of Board of Management in 2013: VND2,500,000,000 - Approving shares issuance to increase charter capital
with the value of VND119,638,660,000
Target
of issuance: - Issue shares to employees under ESOP ·
Number of
shares: 1,987,955 shares ·
Stock type:
common stock ·
Price:
VND10,000/share ·
Restricted to
transfer within 2 years (100% in the first year and 50% in the second year). ·
The
distributed shares will be rounded down. The BOD
will distribute the fractional shares to employees. - Issue shares to pay dividend for existing
shareholders ·
Number of share:
3,975,911 shares ·
Stock type: common stock ·
Financial resource: undistributed
profit ·
The
distributed shares will be rounded down. The
fractional shares will be canceled. - Issue shares to strategic shareholders ·
Number of share:
3,975,911 shares ·
Stock type:
common stock ·
Price: not lower
than VND25,000/share ·
Restricted to
transfer within 1 year - Approving to issue convertible bonds to strategic
shareholders
- Number of bonds: 500,000 bonds - Par value: VND1,000,000/bond - Price: par value - Interest: maximum 6%/year - Term: 36 months - Restricted to transfer within 1 year. - Convertible bonds can be converted into shares before maturity but at least 15
months after the issue date. - Bondholders only convert 50% of bonds in the first
conversion. - Conversion price: not lower than VND19,500/share - Approving
the plan of using capital from the offering:
Total
proceeds from the offering: VND669,880,000,000 is expected to use as follows:
|
No.
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Item
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VND
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1
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Buy machineries
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225,000,000,000
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2
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Cooperation with peer companies in 2014, 2015
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74,125,000,000
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|
3
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Contribute capital to establish company specializing in
underground construction
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60,000,000,000
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4
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Investment in BOT, PPP infrastructure project from 2014
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160,000,000,000
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5
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Increase working capital
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150,755,000,000
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Total
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669,880,000,000
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- Approving
Chairman of the BOD who concurrently holds the position of CEO.
HOSE
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