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:
|
Content
|
Performance in 2021
(VND billion)
|
Plan in 2021
(VND billion)
|
|
Total revenue
|
338,629
|
327,200
|
|
Total expenses
|
262,288
|
262,300
|
|
Profit before tax
|
76,341
|
64,900
|
|
Corporate income tax
|
15,555
|
13,200
|
|
Profit after tax
|
60,786
|
51,700
|
- 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:
|
No.
|
Content
|
Rate
|
Amount (VND)
|
|
1
|
Accumulated profit of previous years transferred
|
|
42,026,985,347
|
|
2
|
Profit after tax in 2021
|
100%
|
60,786,014,194
|
|
3
|
Appropriation to Reward fund, Welfare fund
|
3%
|
1,823,580,426
|
|
4
|
To pay dividend for 2021
|
40%
|
75,942,298,000
|
|
|
To pay first cash dividend for 2021 on October 23, 2021
|
20%
|
35,381,446,000
|
|
|
Expected to pay final dividend 20% (cash 10% and stock 10%)
|
20%
|
40,560,852,000
|
|
5
|
Undistributed profit to transfer next year
|
|
25,047,121,115
|
- 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:
|
No.
|
Content
|
Rate
|
Amount (VND)
|
|
1
|
Accumulated profit of previous years to transfer
|
|
25,047,121,115
|
|
2
|
Profit after tax in 2022
|
100%
|
94,309,000,000
|
|
3
|
Appropriation to Reward fund, Welfare fund
|
3%
|
2,829,270,000
|
|
4
|
To pay dividend for 2022
|
40%
|
89,233,864,000
|
|
5
|
Undistributed profit to transfer next year
|
|
27,292,987,115
|
- 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).