In the morning of 20th April 2018, there was the TEDI 2018 Annual Shareholders General Meeting organized at the Culture and Sport Hall of the company, with the attendace of 163 shareholders and authorized people owning 12,139,500 / 12,500,000 shares, equivalent to 97.12% of the total shares.
Mr. Hitoshi YAHAGI – Chairman of the Board of Management delivered the opening speech at the Meeting
The meeting was honored to welcome representatives of the Board of Management from 04 domestic and foreign institutional shareholders including FECON S&C, OC, OCG and TVP.
Executive board of the Meeting
The General Meeting of Shareholders had completely discussed and voted on following contents: (i) Reports of the Board of Management, Reports of the Supervisory Board, Audited Financial Statements 2017; (ii) Distribution plan of 2017 after-tax profits; 2017 report of remuneration for members of the Board of Management and the Supervisory Board; (iii) 2018 Business plan , 2018 Profit distribution plan 2018 Estimation of remuneration for members of the Board of Management and the Supervisory Board; (iv) The 2nd revised Charter of TEDI; (v) Accounting firm for 2018 Financial Statements; (vi) Allowing OC and FECON, 02 strategic shareholders, to correspondingly transfer all obligations, responsibilities and rights of TEDI strategic shareholders to OCG and FECON S&C, their subsidiary companies, As the result,the transferor and takeover will be responsible for continuing to fulfill the signed commitments of TEDI strategic shareholders.
Mr. Pham Huu Son – Vice Chairman of the Board of Management delivered reports at the Meeting
Mr Pham Viet Khoa – Member of BOM was speaking at the meeting
The Meeting agreed to acknowledge that in 2017,TEDI had exceeded 10% of key business targets, in which the total consolidated revenue reached 877,447 billion VND, profits before taxes extended to 74,607 billion VND and basic earnings per share (Basic EPS) was 2,840 VND/ share.
The General Meeting of Shareholders approved targets of 2018 business plan and assigned the Board of Management and the Board of Directors to strive for successful implementation of those targets, which include consolidated revenue of 905 billion VND, consolidated profits of 79.149 billion VND and basic EPS reaching 3,000 VND / share.
Especially, the Shareholders meeting also agreeably approved the 2nd revised Charter of TEDI with terms updated in accordance with Decree No. 71/2017 / ND-CP dated June 6th, 2017 of the Government and Circular No. 95/2017 / TT-BTC dated September 22nd, 2017 of the Ministry of Finance which are the guideline on corporate governance applicable to publicly – owned companies.
The General Meeting of Shareholders voted on the agenda, rules, and other contents of the Meeting.
The meeting favorably approved the full content of 2018 Annual General Meeting of Shareholders resolution with the vote rate of 100% of all the attending shareholders.