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VPH: Resolution of AGM 2014 Van Phat Hung Corporation announced the resolution of 2014 Annual General Meeting of Shareholders (AGM):
Article 1: The AGM approved
business result in 2013 and business plan for 2014: Business result in 2013: -
Net revenue: VND403,899,751,733 -
Profit after tax: VND6,275,740,412 -
Net profit after tax: VND6,275,740,412 -
EPS: VND208 -
Business and financial plan for 2014: -
Revenue: VND425,595,500,000 -
Profit after tax: VND30,683,991,000 Article 2: The AGM approved report of the BOD. Article 3: The AGM approved
the 2013 audited financial statements. Article 4: The AGM approved report of the Board of Supervisors. Article 5: The AGM approved the 2013, 2014 profit distribution: -
The 2013 profit
distribution:
|
Item
|
Year
2013
|
|
Rate
|
Amount
|
|
Profit
after tax
|
|
6,275,740
|
|
Reserve fund for supplementing charter capital
|
5%
|
313,787
|
|
Bonus
& welfare fund
|
5%
|
313,787
|
|
Funds
|
10%
|
627,574
|
|
Accumulated profit last year, which was transferred
to 2013
|
|
25,015,000
|
|
Dividend
in stock (2,493,868 shares * VND10,000/share)
|
|
24,938,680
|
|
Undistributed profit in 2013
|
|
5,724,486
|
-
The 2014 profit
distribution: By: thousand dongs
|
Item
|
Year
2014
|
|
Rate
|
Amount
|
|
Profit
after tax in 2014
|
|
30,683,991
|
|
Accumulated profit last year, which was transferred
to 2014
|
|
5,724,486
|
|
Undistributed profit in 2013
|
|
36,408,477
|
|
Dividend in cash and stock: 12%/par value
|
12%
|
36,250,420
|
|
Undistributed profit in 2014, which was
transferred to 2015
|
|
158,057
|
Article 6: AGM Authorized the
BOD choose auditing companies for fiscal year 2014. Article 7: The AGM approved withdrawal of capital from an
associated company. Article 8: The AGM approved
remuneration to the Board of Directors and the Board of Supervisors in 2013 and
2014. Article 9: The AGM approved the
plan of issuing shares to existing shareholders -
Estimated issue volume:
10,069,561 shares. -
Total value (basing on par value): VND100,695,610,000 -
Exercise ratio: 3:1
(Holders
of the Company’s common stock as on the record date will be entitled to receive
01 new share per 3 shares). -
Plan to deal with fractional shares -
The distributed shares will be rounded down. The
fractional shares which are less than 01 will be canceled. For
example, if shareholder A owns 11 shares at the record date, he will receive: 3.67
shares. However, because of rounding down, he will receive only 3 new shares. Article 10: AGM authorized the
BOD to transfer part of Nhon Duc project. Article 11: The AGM approved to
amend the Articles of Association. Article 12: This resolution was
approved on April 18, 2014.
HOSE
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