Song Bung Joint Stock Company is a subsidiary of Dat Phuong Joint Stock Company with a charter capital of VND 190 billion, in which Dat Phuong holds 61.32%. After 5 years of construction and development, Song Bung Joint Stock Company has made significant progress in efficiently exploiting the Song Bung 6 hydroelectric project and operating in the field of construction.
On March 30, 2014, Song Bung Joint Stock Company held its Annual General Meeting of Shareholders. On behalf of the Chairman, Mr. Luong Minh Tuan - Chairman of the Board of Directors - presented the 2013 business report and the 2014 business plan. The report showed promising results in 2013: Gross revenue reached VND 233.15 billion, of which electricity sales generated VND 88.681 billion and construction activities reached VND 144.469 billion; Net profit after tax was VND 8.635 billion.
The shareholders' meeting had an active discussion on the 2013 business report and the 2014 business plan, emphasizing the efforts of the Board of Directors, the General Director, and all employees of Song Bung Joint Stock Company to meet set targets. The meeting unanimously approved all the contents of the proposal submitted by General Director Tran Anh Tuan.
With the achievements in 2013, the shareholders' meeting set business targets for 2014 with the following objectives: Total gross revenue of VND 265.155 billion, including VND 104 billion from electricity generation and VND 161.155 billion from construction activities. The company is expected to distribute dividends of 5-10% in 2014. The shareholders' trust in the 2014 business plan and the election results of the Board of Directors and the Board of Supervisors were elevated by the achievements of Song Bung Joint Stock Company in 2013. The shareholders hope that the new leadership will help the company to develop strongly, comprehensively, and effectively complete the targeted objectives for 2014.
After more than 4 hours of urgent and serious work, the shareholders' meeting was successful. The shareholders unanimously approved the 2013 business report and the 2014 business plan, approved all the contents of the proposal submitted, and elected 5 new Board of Directors members for the 2014-2018 term, including Mr. Luong Minh Tuan, Mr. Pham Kim Chau, Mr. Tran Anh Tuan, Mr. Nguyen Trung Hieu, and Mr. Nguyen Van Tuan; and 3 new Board of Supervisors members for the 2014-2018 term, including Mr. Phan Van Luong, Ms. Nguyen Thi Thu Thuy, and Ms. Do Thi Thu.
Some photos at the annual general meeting of shareholders:
Ms. Le Thi Ha reads the report on shareholder eligibility to attend the meeting
Mr. Luong Minh Tuan - Chairman of the Board of Directors - presents the 2013 business report and the 2014 business plan.
Ms. Nguyen Thi Thu Thuy reads the report of the Board of Supervisors
Mr. Tran Anh Tuan reads the proposal submitted to the shareholders
Mr. Do Manh Hung approves the voting rules
The new Board of Directors for the 2014 - 2018 term includes 5 members: 1) Mr. Nguyen Trung Hieu; 2) Mr. Tran Anh Tuan; 3) Mr. Pham Kim Chau; 4) Mr. Luong Minh Tuan; 5) Mr. Nguyen Van Tuan (from left to right)
The new Board of Supervisors for the 2014-2018 term includes 3 members: 1) Mr. Phan Van Luong; 2) Ms. Nguyen Thi Thu Thuy; 3) Ms. Do Thi Thu (from left to right)