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FIT: General Mandate 2014
On 26/04/2014, F.I.T Investment JSC announced general
mandate 2014 as follows:
1. Approve operating
result of 2013
Operating result 2013
|
Targets
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Unit
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Plan 2013
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Result of 2013
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Rate
|
|
Revenue
|
VND million
|
215,210
|
236,215
|
109.8%
|
|
Total profit before tax
|
VND million
|
44,860
|
45,900
|
102.3%
|
|
Total profit after tax
|
VND million
|
33,645
|
34,340
|
102.1%
|
|
Profit before tax/revenue
|
%
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20.8%
|
19.4%
|
93.4%
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Profit after tax/Charter capital
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%
|
21.4%
|
21.8%
|
101.9%
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Plan for 2014
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Targets
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Unit
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Value
|
|
Net revenue from business operations
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VND million
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188,900
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Financial revenue
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VND million
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65,091
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Total profit before tax
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VND million
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100,990
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Total profit after tax
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VND million
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78,780
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Profit before tax/Revenue
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%
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40%
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Profit after tax/ Revenue
|
%
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31%
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Dividend payment
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%
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15%
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2. Approve the report
of BOD and Management activities of the Company in 2013
3. Approve the report
of Supervisory Board of BOD and Board of Managers
4. Approve the
audited FS of 2013
5. Approve the
selection for auditor for FS 2014
6. Approve the plan
on distributing profit of 2013
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No.
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Targets
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Unit
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Amount
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1
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Total profit before tax 2013
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VND
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45,909,159,785
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2
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Corporate income tax of 2013
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VND
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11,566,539,113
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3
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Profit after tax of 2013
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VND
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34,342,620,672
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4
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Dividend payment by shares (20%)
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VND
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31,500,000,000
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|
5
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Investment and development fund of 2013 (2%)
|
VND
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686,852,413
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|
6
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Bonus and welfare fund (2%)
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VND
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686,852,413
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7
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Remaining profit
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VND
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1,468,915,845
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7. Approve the plan
on remuneration for BOD and Supervisory Board of 2014
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No.
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Position
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Number
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Remuneration/month
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1
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Chair of BOD
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1
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5,000,000
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2
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Deputy Chair of BOD
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1
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4,000,000
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3
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Member of BOD
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3
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2,500,000
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4
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Chief of Supervisory Board
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1
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3,000,000
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5
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Member of Supervisory Board
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2
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1,500,000
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8. Approve to handle
fractional shares to ensure the Charter capital after the issuance in 2014 is
VND 500,000,000,000
9. Approve the plan
on increasing Charter capital in 2015
- Charter capital before increasing (Expected that the
Company completed the issuance in February of 204): VND 500,000,000,000
- Number of shares expected to be issued: 40,000,000,000 shares
- Type of share: Common
share
- Par value: VND
10,000/share
- Eligible buyers: Existing
shareholder, staff
* Dividend payment of
2014 by shares:
+ Number of share expected to be issued: 7,500,000 shares
+ Rate: 100:15
+ Source: Profit
after tax of 2014
* Issuing shares for
existing shareholders:
+ Number of shares expected to be issued (maximum): 30,000,000 shares
+ Existing shareholders in the list as at record date
+ Offering price: VND 10,000/share
* Issuing share for
staff
+ Number of shares expected to be issued (maximum): 2,500,000 shares
+ Offering price: VND
10,000/share
+ BOD will approve the list of eligible buyers
- Use of Proceeds: Total
expected amount collected from the issuance: VND 325,000,000,000 (do not
include the shares of the dividend payment)
Purpose:
- Increase the capital to serve
the business operation
-
Investing in subsidiaries, associates who have the high grow ability
-
Supplement the working capital of the Company
Amend the Charter capital of the Company
- Change the Charter of the Company, Business Registration
Certificate and additional depository
10. Approve the plan
on issuing convertible bond in 2015
* Issuing plan
- Name of bond: Convertible
bond of F.I.T Investment JSC 2015 (referred: bond)
- Type of bond: Convertible bond
- Currency: VND
- Par value: VND 100,000/bond
- Issuing method: book
entries
- Term of the bond: 1
year
- Interest payment period: at
the end of the term
- Interest rate: 3%/year
- Issuing period: after
the issuance of 30,000,000 shares for existing shareholders in 2015
- Value of the issuance: VND
300,000,000,000
- Issuing price: VND
100,000/share
- Issuing method: Private
placement of convertible bond
- Payment method for principal and interest:
+ The interest will be paid after 12
months from the issuing date.
+ The bond will not be paid before
the end of the term
-
Conversion form
+ Conversion period: The bond will be converted after 1 year, as
at the maturity date of the bond
+ Conversion rate: Every bond with the par value VND
100,000/bond will be converted into 10 shares with the par value VND
10,000/share
+ Conversion progress: At the maturity date of the bond, the
bondholder will receive the interest and entire principal of the bond will be
converted according to the rate as mentioned above. The conversion will be
implemented at the Head office of FIT
- Limitation of the issuance
+In case the Company is liquidated,
the bondholder can only be paid after the Company has paid for all Secured creditors
- Limitation on holding rate of foreign investor:
+ the
foreign investor cannot hold over 49% of total number of bond are issued
- Use of proceeds:
+ Increase
Capital to serve the business operation
+ Invest
into subsidiaries
+
Supplement the working capital
11. Approve the
change in head office of the Company
Old address:
- No. 17 The Giao, Le Dai Hanh Ward, Hai Ba Trung District,
Hanoi
- Tel.: 04 354 30005
- Fax: 04 354 30003
New address:
- 16th floor, Center Building (Hapulico Complex)
– No. 01 Nguyen Huy Tuong, Thanh Xuan Trung Ward, Thanh Xuan District, Hanoi
- Tel.: 04 730 94688
- Fax: 04 730 94686
12. Approve to
supplement business lines of the Company
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No.
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Business lines
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Code
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1
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Produce cattle and poultry feed and seafood
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1080
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2
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Wholesale agricultural and forest products and material
(except for wood and bamboo) and live animals
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4620
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3
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Wholesale rice
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4631
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4
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Wholesale food
Detail:
- Wholesale seafood;
- Wholesale vegetable and fruit
- Trade functional food
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4632
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5
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Wholesale other construction material, equipment
Detail: Wholesale cement, brick, tile,
stone, sand, gravel,
construction glass and sanitary equipment
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4663
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6
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Wholesale other specialized products
Detail:
- Wholesale fertilizer, pesticide and other chemicals used
in agriculture
- Wholesale other chemicals (Except for those used in
agriculture)
- Wholesale primary forms plastic
- Wholesale rubber
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4669
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7
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Wholesale other housing tools
Detail:
- Wholesale pharmaceuticals and medical devices
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4649
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13. Dismiss Member of
BOD and Member of Supervisory Board Term 2013-2018
- Dismiss Mr. Duong Minh Tu from member of BOD
- Dismiss Mrs. Nguyen Thi Hong Anh and Mrs. Tran Thi Phuong
Thao from Member of Supervisory Board
14. Elect additionally
for member of BOD and Supervisory Board term 2013-2018
- Elect Mr. Phan Minh Sang to be member of BOD term
2013-2018
- Elect Mr. Luu Duc Quang and Mrs Nguyen Thi Thanh Thuy to
be member of Supervisory board term 2013-2018 HNX
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