First General Meeting of Shareholders of Nghe Tinh Port Joint Stock Company

(Baonghean.vn) - On March 21, 2015, Nghe Tinh Port Joint Stock Company held its first General Shareholders' Meeting. Attending and directing the meeting were Mr. Nguyen Ngoc Hue - Secretary of the Party Committee, Chairman of the Board of Members of Vietnam Maritime Corporation, and Mr. Nguyen Van Hanh - Deputy General Director of Vietnam Maritime Corporation, head of the Steering Committee for the equitization of Nghe Tinh Port. The meeting was also attended by all shareholders of the company.

Delegates attending the congress

Nghe Tinh Port Joint Stock Company (formerly Nghe Tinh Port Limited Liability Company) has the following main business activities: Port and dock services; Loading, unloading, storage and delivery of goods; Warehouse and bonded warehouse business. Its total charter capital is VND 215,172,000,000, of which the State holds 10,973,772 shares, accounting for 51% of the charter capital. In line with the policy of equitization to enhance competitiveness, the Company has offered shares for sale and attracted strategic shareholders. Specifically: 3,894,156 shares were sold to a strategic investor (Tuan Loc Construction Investment Joint Stock Company), accounting for 18.10% of the charter capital, while the remaining shares were preferential shares sold to employees committed to long-term employment at the Company.

Based on the results of the share sale according to the approved plan, as of now, Nghe Tinh Port Joint Stock Company has 556 shareholders, of which shares owned by Vietnam Maritime Corporation account for 51% of the charter capital.

Presidium of the Congress

Mr. Le Doan Long - Chairman of the congress, presided over the congress.

At the meeting, after completing the necessary procedures, shareholders heard a report on the results of the equitization process of Nghe Tinh Port Company Limited, the announcement of decisions by Vietnam Maritime Corporation approving the equitization plan of Nghe Tinh Port Company Limited, and the decision on assigning the management of Vietnam Maritime Corporation's capital contribution in Nghe Tinh Port Joint Stock Company to Mr. Le Doan Long - General Director of Nghe Tinh Port Company Limited. Following this, the meeting approved the Articles of Organization and Operation of the Company after equitization, and the business strategy for the next three years after equitization.

Shareholders and employees of the Company

Nghe Tinh Port Joint Stock Company will have a strategy to invest in and develop port services associated with service diversification, investing in the development of a national and regional general cargo port, focusing on handling container ships to capture market share, increase revenue, and improve efficiency. It will gradually invest in external transportation, logistics, and warehousing facilities to diversify services, create differentiation from competitors, and attract all container cargo to the port. The company will continue to build the Nghe Tinh Port brand and develop a team of dedicated, professional, and highly skilled employees committed to the company.

The company set the following targets: Total revenue in 2015 reached VND 152 billion, increasing to VND 189 billion in 2017; tax contributions to the state budget reached VND 14.4 billion, increasing to VND 15.7 billion in 2017; pre-tax profit reached VND 13 billion in 2015, increasing to VND 15.7 billion in 2017; and creating stable jobs for 519 people.

Welcome performance program

The General Meeting proceeded with the election of the Board of Directors (consisting of 7 members) and the Supervisory Board of the company, and announced the results of the election of the Board of Directors and the Supervisory Board. The General Meeting also heard directives from Comrade Nguyen Ngoc Hue - Secretary of the Party Committee, Chairman of the Board of Members of Vietnam Maritime Corporation.

The General Meeting adopted the resolution of the Shareholders' General Meeting with 100% of the votes in favor.

Text and photos: Chau Lan.