Hoa Binh Corporation AGM cá cược bóng đá hôm nay 2012 was a great success!

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100% Shareholders agreed with all the contents from BOD

Welcome Shareholders

On the morning cá cược bóng đá hôm nay April 25, 2011, Hoa Binh Construction and Real Estate Corporation celebrated the Annual General Meeting to report to shareholders the company’ revenue and profit cá cược bóng đá hôm nay 2011 as well as business plan cá cược bóng đá hôm nay 2012.
In 2011, although facing many difficulties such as the construction and real estate market freezing, high interest rates, rising material prices, and decreasing FDI funds for real estate etc., but Hoa Binh has step by step overcome and reached an encouraging business result. The revenue cá cược bóng đá hôm nay the company reached 3,055.9 billion VND, increased 22.2% compared to the planned target and increased 72.8% compared to 2010. Profit after tax was 149.6 billion VND, reached 99.7% cá cược bóng đá hôm nay the plan and increased 7% compared to 2010. Earnings per share (EPS) was 7,439VND. Dividend rate was 30%, cá cược bóng đá hôm nay which the company settled in cash by a ratio cá cược bóng đá hôm nay 10% and by stock ratio cá cược bóng đá hôm nay 20% (over par value).

At the ceremony, 100% participated shareholders agreed with the contents in the report cá cược bóng đá hôm nay the Company’s Board cá cược bóng đá hôm nay Directors. According to that, the 2012 revenue plan is 3,900 billion VND, increased 27.7% and profit after tax is 170 billion VND, increased 13.7% compared to 2011, and dividend ratio is 30%. The meeting also agreed to issue 1,000,000 rights to buy stocks for all employees with the ratio cá cược bóng đá hôm nay one share for one right equal to one denomination and is effective after 3 years; to search for business partners to transfer the treasury stock with the reasonable rate; to search for clients to develop or transfer some cá cược bóng đá hôm nay the real estate projects….

For the business direction in 2012, Mr. Le Viet Hai informed, Hoa Binh would continue to fulfill the function cá cược bóng đá hôm nay the general contractor role in the large size projects, with international standards; to maintain the company position as the leading construction company in Vietnam and to launch into more international markets; to focus on the mainstream activities as civil construction and to expand to more diversified areas cá cược bóng đá hôm nay industrial, and infrastructural projects…In the condition cá cược bóng đá hôm nay difficult and unpredictable real estate market, especially in housing projects and high rise apartments, HBC is expected to reduce the revenue ratio cá cược bóng đá hôm nay the housing project from 58% in 2011 to 49% in 2012 and to consolidate, expand to industrial projects, in which the revenue ratio cá cược bóng đá hôm nay this sector per total revenue is expected about 9% in 2012.

The meeting also agreed 100% to elect Mr. Le Viet Hai to continue to hold the Chief Executive Officer (CEO) and the Chairman position. The AGM also approved all operating regulations and reward policy for the Board cá cược bóng đá hôm nay Directors and the Supervisory Board .

(The whole version cá cược bóng đá hôm nay the Resolution has been posted in the Shareholder Relations/Shareholder Information Section cá cược bóng đá hôm nay the website)