Hochiminh City Infrastructure Investment Joint Stock Company announced the resolution of 2014 Annual General Meeting, organized on April 15, 2014:
Article
1:
Approving the Regulations
of Organization for the annual general meeting of shareholders - the year of 2011 of
Hochiminh City Infrastructure Investment Joint Stock Company.
Article 2: Approving
the profit and loss in 2013 and plan for profit distribution of 2013 as
follows:
-
Profit and loss in 2013:
·
Revenue: VND1,012,120,989,183
·
Expenses: VND816,317,002,907
·
Consolidated profit before tax: VND162,507,884,257
·
Profit after tax: VND118,779,884,257
·
Minority interests: VND32,707,371,533
·
Profit after tax of parent company: VND86,072,512,724
·
The distribution plan of the year 2012 net
profit as follows:
·
Deduct reserve fund for
supplementing charter capital (5%): VND4,303,625,636
·
Deduct welfare and reward fund (4%): VND3,442,900,509
·
Remuneration of the Board of Directors of the
Board of Supervisors: VND302,410,232
·
Dividend payout (12%/year): VND135,361,800,000
Article 3: Approving business
plan for 2014:
- Approving
the business plan for 2014. Assigning the Board of Directors and Management to
achieve the financial targets of 2014 as follows:
·
Revenue: VND768,192,000,000
·
Expenses: VND534,474,000,000
·
Among them, the amount of direct
expenses serving operations of the Company (not including depreciation expense
for tolling expenses, expenses for maintaining bridges and roads, expense related to activity
of general meeting of shareholders, expense for renting office for the Company,
advertising expense, audit expense, brokerage expense to transfer all kinds of
stocks owned by the Company) is 6.5% / total revenue (not including
VAT).
·
Profit after tax: VND233,718,000,000
- Agreeing
to approve the distribution plan of 2014 as follows:
·
Deduct reserve fund for
supplementing charter capital:5% of net profit
·
Deduct welfare and reward fund: 4% of net
profit
·
Remuneration of the Board of Directors of the
Board of Supervisors: 1% of net profit
·
Dividend payout: 12%
(Depend on
the financial situation of the Company, authorizing Board of Directors to
decide payment for dividend by cash or shares).
·
Authorizing the Board of Directors depending on
characteristics of each project to decide the form of investment.
·
Based on the need of real capital for projects, authorizing
Board of Directors to be responsible for negotiation, signing contract to loan
capital with financial organizations, credit organization, including legal
shareholders with equity capital at least or more than 2% of charter capital of
the Company on the basis of interest rate mobilized in accordance with the market at the
mobilizing time and ensuring benefits of shareholders.
Article 4: Approving to
increase the maximum percentage ownership of foreign investors
Article
5:
Approving to choose International Auditing and Financial Consulting Limited
Company (IFC) to be the independent auditing unit in 2014.
Article 6: This resolution takes
effect as from signing date – April 15, 2014.
