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GDT: Resolution on the AGM in 2021 On March 12, 2022, Duc Thanh Wood Processing Joint Stock Company announces the Resolution of the Annual General Meeting of Shareholders for the fiscal year 2021 to approve the following contents:
- The AGM approved the report on business result in 2021:
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Content
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Performance in 2021
(VND billion)
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Plan in 2021
(VND billion)
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Total revenue
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338,629
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327,200
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Total expenses
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262,288
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262,300
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Profit before tax
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76,341
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64,900
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Corporate income tax
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15,555
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13,200
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Profit after tax
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60,786
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51,700
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- The AGM approved the business plan in 2022:
- Total revenue: 500,000 billion dongs
- Total expenses: 382,114 billion dongs
- Profit before tax: 117,886 billion dongs
- Profit after tax: 94,309 billion dongs.
- The AGM approved the report from the Supervisory Board in 2021 and plan for 2022.
- The AGM approved the report on the BOD activities in 2021 and plan for 2022.
- The AGM approved the audited financial statements in 2021.
- The AGM approved the selection of A&C Auditing and Consulting Company Limited as the auditor for the financial statements in 2022.
- The AGM approved the remuneration of the BOD, Supervisory Board in 2021: 1,693,000,000 dongs.
- The AGM approved the implementation to distribute profit in 2021:
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No.
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Content
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Rate
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Amount (VND)
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1
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Accumulated profit of previous years transferred
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42,026,985,347
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2
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Profit after tax in 2021
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100%
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60,786,014,194
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3
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Appropriation to Reward fund, Welfare fund
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3%
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1,823,580,426
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4
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To pay dividend for 2021
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40%
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75,942,298,000
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To pay first cash dividend for 2021 on October 23, 2021
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20%
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35,381,446,000
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Expected to pay final dividend 20% (cash 10% and stock 10%)
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20%
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40,560,852,000
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5
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Undistributed profit to transfer next year
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25,047,121,115
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- Plan for stock issuance to pay dividend:
- Stock name: Duc Thanh Wood Processing Joint Stock Company
- Stock code: GDT
- Stock type: common share
- Par value: VND10,000/share
- Number of shares issued: 19,747,171 shares
- Number of outstanding shares: 19,437,036 shares
- Number of treasury shares: 310,135 shares
- Number of outstanding shares after the private placement of 843,390 shares (estimated): 20,280,426 shares
- Exercise ratio:10% (10:1) (Those who own 10 shares will receive 01 new share.)
- Number of shares expected to be issued (after the private placement): 2,028,042 shares
- Total value (at par value): VND20,280,420,000.
- The AGM approved the profit distribution plan in 2022:
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No.
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Content
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Rate
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Amount (VND)
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1
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Accumulated profit of previous years to transfer
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25,047,121,115
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2
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Profit after tax in 2022
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100%
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94,309,000,000
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3
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Appropriation to Reward fund, Welfare fund
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3%
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2,829,270,000
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4
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To pay dividend for 2022
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40%
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89,233,864,000
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5
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Undistributed profit to transfer next year
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27,292,987,115
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- The AGM approved the plan to sell treasury shares under the private placement:
- Stock name: Duc Thanh Wood Processing Joint Stock Company
- Stock code: GDT
- Stock type: common share
- Par value: VND10,000/share
- Charter capital: VND197,747,710,000
- Number of shares issued: 19,747,171 shares
- Number of treasury shares: 310,135 shares
- Number of outstanding shares: 19,437,036 shares
- Issuance method: private placement
- Offering volume: 259,810 treasury shares
- Offering price: 40,000 dongs/share
- Time of implementation: expected in 2022, after being approved by the State Securities Commission of Vietnam (SSC). HOSE
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