Tuesday, December 24, 2024 10:59:39 PM - Markets closed
VN-INDEX 1,260.36 -2.40/-0.19%
HNX-INDEX 228.36 -0.15/-0.07%
UPCOM-INDEX 94.02 +0.30/+0.32%
Shareholders’ meetings to proceed as usual, say firms
Vietnam News - 3/8/2020 1:45:41 PM
 (0 ratings. You must sign in to rate.)
Firms said shareholders’ meetings were to proceed as scheduled in March and April despite concerns over the outbreak of the novel coronavirus (COVID-19).
 
A number of firms have announced the dates for their next shareholders’ meetings, including construction firms Vimeo (March 10), Vinaconex 9 (March 26) and Đạt Phương JSC (March 28).
 
Other firms, such as Hanoi Electro-mechanical Manufacturing JSC (HEM), Vietnam Water, Sanitation and Environment JSC and Vietbac Mining Industry Holding Corporation said their shareholders’ meetings would take place in April.
 
Meanwhile, a number of firms are preparing for different scenarios including holding meetings online with shareholders.
 
“Our shareholders’ meeting is set to take place in April. There is time yet to decide how we will do it. Depends on how the virus outbreak develops, we may consider doing it online,” said Đỗ Huy Hùng chairman of the board of La Hien Cement JSC.
 
Last year, the cement maker’s sales reached VNĐ689 billion (US30 million), a slight decrease compared to the previous year. Profit, however, saw an increase of 22 per cent or VNĐ38 billion as a result of reduced cost of financing.
 
A representative from HEM said while its shareholders’ meeting was likely to proceed as usual, the firm would also consider having it online should the virus outbreak worsen.
 
HEM's financial report showed VNĐ82 billion in profit-after-tax for 2019, a 16 per cent increase year-on-year, mostly from the firm’s investments in stocks and other financing activities.
 
Việt Nam’s 2014 Law on Enterprises stipulates that in the scenario which numerous shareholders’ meetings are being held in different places, the location of the meeting attended by the chairman of the board will be chosen as its official location, which under the law must take place within Việt Nam’s territory.
 
The 2014 law also allows shareholders to attend meetings online, to cast their votes online or to send in their votes via mail, fax or email. However, there have been instances in which firms failed to count those votes, according to Government watchdogs. — VNS
 
Read original article here
Newer News
16/12 Open-end funds outperform amid stock market challenges in 2024
12/12 Market declines for the third consecutive session
12/12 Market continues slight correction as VN-Index slips below 1,270 points
10/12 Stock market starts the second week of December on a positive note
10/12 Corporate bond market sees steep issuance decline amid persistently high default rates
09/12 Finance ministry to use AI in stock market surveillance
09/12 Realty stocks see signs of recovery
05/12 Pharma stocks on the rise
02/12 Public investment stocks face challenges
02/12 Positive short-term signals emerge in Vietnam’s stock market
Older News
02/03 VASB proposes tax cut to increase trading liquidity
02/03 Shares may continue falling as no signs of disease control
25/02 Widespread disease slams the stock market
20/02 Investment funds make more stock purchase despite decling prices
20/02 VN-Index steadies amid scepticism
18/02 VN stocks slide on market caution, gloomy forecasts
17/02 Trading remains quiet amid risk concerns
13/02 Shares move up but growth narrowed at the end of trading
11/02 Rising virus death toll weighs on market
10/02 VN stocks struggle to find growth momentum amid disease, expected lower earnings
 
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 3:05:02 PM
VN-INDEX 1,260.36 -2.40/-0.19%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.