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LBM: Resolution on rate of dividend payment for 2016 Sao Ta Foods Joint Stock Company announced Resolution No.14 dated November 07, 2016 as follows:
Articles 1: Board approved report on the result in Q3.2016 & 9 months of 2016:
- Total revenue:
+ Parent company: VND222,181,093,643 (85% annual plan)
+ Subsidiaries: VND 20,002,432,161 (76.93% annual plan)
- Profit before tax:
+ Parent company: VND37,220,859,817 (93% annual plan)
+ Subsidiaries: VND 2,813,729,765 (112.55% annual plan)
Articles 2: Board approved plan for research to invest in Dak Nong quarry
Articles 3: Board approved to appoint Mr. Nguyen Quang Duyet as LBM’s Deputy CEO & Director of Hiep Tien Enterprise as from November 07, 2016.
- Mr. Le Quang Tho as Director of Dak Nong LBM Concrete Ltd.Com as from November 07, 2016.
Articles 4: Board approved to pay first cash dividends for 2016
- Exercise ratio: 15% (1,500dongs/share)
- Record date: November 23, 2016
- Payment time: no later than December 08, 2016
Articles 5: Board approved to sell treasury shares of LBM:
- Current number of treasury shares: 342,500 shares
- Selling price: Min. 42,000dongs/share
Articles 6: Board approved plan for buying shares of Hiep Thanh Joint Stock Company:
- Number of shares expected to buy: 252,000 shares (20% shares)
- Expected buying price: 30,000/share
Articles 7: Resolution will be effective from November 07, 2016. HOSE
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