Cienco4 transforms into a multi-sector development corporation.

(Baonghean.vn) - The General Shareholders' Meeting of the Construction Corporation of Transport Works No. 4 (Cienco 4) has voted to shift its direction to a multi-sector economic group model.

In the new model, investment in infrastructure development is the main focus, gradually expanding to areas such as real estate, tourism and resorts, industrial parks, environment, energy, and the production of other products...

Shareholders approved the agenda items at the general meeting. Photo: Provided.

In 2016, guided by the motto "Brand is trust, discipline is strength," the leadership of Cienco4 focused on decisive and scientific direction and management, closely coordinating with various organizations to achieve the ultimate goal of efficient production and business. Over the past year, Cienco4 has achieved sustainable development, and the material and spiritual well-being of its employees has steadily improved.

Regarding the shareholder structure, as of March 31, 2017, Cienco4 had 816 shareholders, including no state-owned or foreign shareholders. Four institutional shareholders held 62,819,759 shares, equivalent to 62.82% of the charter capital, while 812 individual shareholders held 37,180,241 shares, equivalent to 37.18% of the charter capital.

Of these, 736 internal shareholders hold 31,725,341 shares, equivalent to 31.73% of the charter capital, and 80 external shareholders hold 68,274,659 shares, equivalent to 68.27% of the charter capital.

Chairman of the Board and General Director Nguyen Tuan Huynh delivered a speech at the general meeting.

Based on the country's overall development orientation and the global economic and political situation, the Board of Directors of Cienco 4 unanimously agreed to shift the Corporation's development direction towards a multi-sector economic group, with investment in transportation infrastructure construction as the main focus, gradually expanding into areas such as real estate, tourism and resorts, industrial parks, environment, energy, and the production of other products...

At the General Meeting, Cienco4 unanimously agreed to implement its 2017 business plan with the following targets: Production value reaching VND 8,000 billion; revenue reaching VND 7,600 billion; pre-tax profit reaching VND 210 billion; net profit (after tax) reaching VND 185 billion; net profit margin after tax/charter capital exceeding 18%; and dividends exceeding 18%.

Delegates voted to elect additional members to the Board of Directors and the Supervisory Board.

Also at the General Meeting, Cienco4 announced the investment registration certificate for the Cau Cau mixed-use tourism, service and resort area, and announced the establishment of Green Tea Islands Joint Stock Company to implement this project.

PV