CTI: 2016 AGM Resolution

HSX | Latest Update: Wednesday, 13 April 2016 17:22:00

Cuongthuan Investment Corporation (CTI) disclosed its 2016 annual general meeting of shareholders (AGM) resolution with following key contents:

1. AGM approves 2016 plans:

The company targets VND107.1 billion consolidated net profit on VND1,045.2 billion consolidated revenue, dividends of 16% or VND1,600/share in 2016.

The company plans to spend VND1,255 billion for investments in 2016.

2. AGM approved 2015 results.

The company made VND68 billion consolidated net profit on VND829.7 billion revenue; 15% dividends in 2015.

3. AGM approved to choose Auditing & Informatic Services Co., Ltd (AISC) to audit its 2016 financial statements.

4. AGM approved plans to issue new shares as follows:

The company plans to issue 10 million new shares via private placement at not lower than VND20,000/share. These shares will be restricted for transferring within 01 year since the date of the new share issue completion.

5. The AGM also approved other contents such as reports of Board of Directors (BOD), Board of Supervisors (BOS), payment and rewarding for its BOD, BOS, revising charters, etc.

The resolution was effective from April 12, 2016.