Trung Do Joint Stock Company: Annual General Meeting of Shareholders 2017

(Baonghean.vn) - On the morning of June 29, Trung Do Joint Stock Company held the 2017 Annual General Meeting of Shareholders.

Attending the meeting were representatives of the Party Committee, Board of Directors of Hanoi Construction Corporation and 48 shareholders representing 99% of the Company's charter capital.

Presidium of the 2017 Annual General Meeting of Shareholders of Trung Do Joint Stock Company. Photo: Nguyen Hai

48 shareholders representing 99% of Trung Do Joint Stock Company's charter capital attended the 2017 Annual General Meeting of Shareholders. Photo: Nguyen Hai

In 2016, despite facing fierce competition from partners and many difficulties in input materials for brick production, Trung Do Joint Stock Company made efforts and was creative, thus exceeding the set targets. Specifically, the production and business value reached 666 billion VND, up 21% compared to the previous year; revenue reached 594 billion, up 18.26% compared to the previous year; profit reached 72.2 billion VND, up 114.2% compared to 2015; contributed 33 billion VND to the state budget, average labor income was 6 million/month.

During the year, the Company produced 2,228 million m²granite tiles, 3,735 million ceramic tiles; produced 107 million standard construction bricks, produced and consumed 163 thousand m³ ready-mixed concrete; continue to invest in construction and installation of some real estate items, invest over 46 billion VND to improve and repair machinery...

The 21-storey apartment and commercial project invested by Trung Do Joint Stock Company is being implemented in Nam Nguyen Si Sach Urban Area, Hung Dung Ward, Vinh City.

Shareholders of Trung Do Joint Stock Company voted to approve the Resolution to increase charter capital at the 2017 Shareholders' Meeting. Photo: Nguyen Hai

Entering 2017, the Company strives to achieve a production and business value of 700 billion VND and a revenue of 600 billion VND. Along with improving technology and maintaining production capacity at existing factories, the Company continues to invest in new, larger and higher capacity projects, in order to gradually replace outdated production technology.

To have more resources to implement the above investment projects, the General Meeting of Shareholders voted to approve the plan to increase charter capital. Accordingly, the Company's charter capital will be adjusted to increase from VND 92.6 billion to VND 150 billion. In addition to the field of construction materials production, the Company also continues to invest in construction and promote real estate investment projects on land owned and used by the Company; gradually improve production and business efficiency and increase income and living standards for employees./.

Nguyen Hai