Hung Thinh Incons successfully held the annual general meeting of shareholders 2019

Hung Thinh News | 25-04-2019

On April 24, 2019, at Capella Gallery Hall Convention Center, Hung Thinh Incons successfully held the annual general meeting of shareholders 2019.



Overview of the Annual General Meeting of Shareholders 2019 of Hung Thinh Incons


Participants of the meeting were 211 shareholders, owners and representatives of 90.43% of total voting shares of the Company. At the General Meeting, Board of Directors and Board of Management gave reports on the management and business activities in 2018 of the Company as well as proposed business plan for 2019, at the same time, elected additional members for Independent Board of Directors, presented plan for issuing bonds and other contents under the general meeting’s authority.



Attending the meeting were Mr. Nguyen Dinh Trung – Chairman of Board of Directors of Hung Thinh Incons (first from left),
Mr. Tran Tuu – Member of Board of Directors (second from left) and members of the Boards of Directors and Managers



Members of the Boards of Directors and Managers of Hung Thinh Incons attend the General Meeting



Mr. Nguyen Hai Phong - Supervisor of Hung Thinh Incons reporting the results of checking shareholder status



Board of Chairmen: (from left)
Mr. Vo Van Thu – Head of the Board of Supervisors,
Mr. Tran Tuu - Member of the Board of Directors,
Mr. Nguyen Dinh Trung – Chairman of the Board of Directors,
Mr. Le Chi Trung - General Director,
Mr. Le Ngoc Trieu – Independent member of Board of Directors



Mr. Nguyen Dinh Trung – Chairman of Board of Directors of Hung Thinh Incons deliver the opening speech



Mr. Le Chi Trung - General Director of Hung Thinh Incons report business results 2018 of Board of Management



Mr. Tran Tuu – Member of Board of Directors of Hung Thinh Incons report business results 2018 and business plan 2019 of Board of Directors



Mr. Vo Van Thu – Head of Board of Supervisors of Hung Thinh Incons report business results 2018
and business plan 2019 of Board of Supervisors


Total consolidated revenue and profit after tax in 2018 of Hung Thinh Incons reached 4.061 billion Vietnamese dong and 182 billion Vietnamese dong, increased 50.36% and 66.36%, respectively compared to 2017. By this result, HTN has been listed in Top 10 Construction Businesses with highest net profit in 2018 (according to Vietstock’s statistics).


With 254 billion VND of undistributed profit, HTN will spend 43 billion VND and issue 4.3 million shares in order to pay dividends for the financial year 2018. The total payment is 30%, of which 15% is cash dividend and 15% of dividend is shares. This dividend division plan is passed with the rate at 99.99% in the General Meeting.


In 2019, HTN aims to achieve the revenue of 4,865 billion VND and 216 billion VND of after-tax profit, maintain the overall growth rate at 20% compared to the last year. In particular, HTN is continuously expanding to the construction projects of tourism and resort real estate with the direction of developing tourism into a spearhead economic sector of the Government. This will be a prominent advantage to ensure the strong development of Hung Thinh Incons.


In order to strengthen financial resources to meet the development orientation of the Company, the General Meeting agreed to adopt a policy of issuing convertible bonds with a maximum value of 250 billion VND. At the same time, Mr. Khuat Tung Phong is elected to be an additional member of an independent Board of Directors of the Company. After the General Meeting, the Company has 6 members of the Board of Directors, including 2 members of Independent Board of Directors, assure the ratio between members of the independent Board of Directors and total members of Board of Directors is 1/3 according to Decree 71/2017/ND -CP dated June 06, 2017 by the Government.



The Shareholders raising their voting card at the General Meeting



Shareholders raising their opinions at the General Meeting



Shareholders raising their opinions at the General Meeting (cnt)



Mr. Tran Tuu – Member of Board of Directors of Hung Thinh Incons respond to shareholders’ questions



Ms. Nguyen Thi Loan Anh - Head of Scrutineers introduce the voting procedures



Shareholders voting in the General Meeting



Shareholders voting in the General Meeting (cnt)



Shareholders voting in the General Meeting (cnt)



Mr. Nguyen Ngoc Long - Head of the Secretariats read the Draft of Minutes and Resolutions of the Annual General Meeting 2019



Mr. Nguyen Dinh Trung - Chairman of Board of Directors of Hung Thinh Incons give flowers to
Mr. Khuat Tung Phong – the new independent member of the Hung Thinh Incons’s Board of Supervisor



Mr. Le Chi Trung – General Director give flowers and having photos taken
with members of the Board of Directors and Person in charge of management of Hung Thinh Incons



Mr. Tran Tuu - Member of Board of Directors give flowers and having photos taken
with the Board of Supervisors of Hung Thinh Incons



Mr. Nguyen Dinh Trung - Chairman of Board of Directors and Mr. Tran Tuu – Member of Board of Directors
give flowers and having photos taken with the Board of Directors and Chief Financial Officer of Hung Thinh Incons



Mr. Nguyen Dinh Trung - Chairman of Board of Directors deliver the final statement


Mr. Nguyen Dinh Trung - Chairman of Board of Directors said: “The Board of Directors, the Board of Management ensures the management - control - operation is performed in accordance with the standards so that Hung Thinh Incons becomes an effective and profitable investment place for optimal benefits of shareholders and investors”. Hung Thinh Incons 2019’s Annual General Meeting of Shareholders ended at 11:30 on the same day with the high consensus of shareholders.

 

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