Year 2015: Viglacera aims to increase its charter capital to 3,070 billion VND and reducing state ownership to 75%
Viglacera Corporation’s Annual General Meeting of Shareholders (AGM) took place at National Conference Center – No.1, Thang Long Avenue, Hanoi on April 4, 2015. The result of business and production activities in the first fiscal year of Joint Stock Company from July 22, 2014 to December 31, 2014 exceeded the defined target of Annual General Shareholder Meeting. In order to enforce the sustainable development strategy, Viglacera Corporation strongly invests in high-tech projects, and "green" project -environmentally friendly.
Attending the meeting has Deputy Minister - Nguyen Tran Nam, Deputy Minister - Bui Pham Khanh from Ministry of Construction; and Viglacera Corporation’s Board of Management, Board of General Directors and shareholders.
The shareholders highly approved the contents that was presented at Viglacera Corporation’s AGM
AGM has ratified the major contents with high approval rate, including: Report of the Board of Management, report of Board of General Directors in business results year 2014 and plan of 2015, report of Supervisor Board in year 2015, the plan of increasing charter capital, listing plan on stock exchange
Viglacera Corporation had been confirmed the strength of a Joint Stock Company at last 6 months of 2014.
Year 2014, the Viglacera’s Board of Management had been promoted inner strength, administrating and implementing the reformation policies, systematic leadership, and sustainability development.
Viglacera’s Presidium at the 2015 AGM
The results of the last 6 months targets of 2014 are all achieved and exceeded from 17% to 88% compared to the first AGM’s approved plan on July 02, 2014. In which: Profit has reached 270,602 million VND increased 74%; sales and infrastructure investment increased by 17% compared to the AGM’s target; The return on equity (ROE) reached 5.5%; return on sales (ROS) reached 7.7%; earning per share (EPS) reached 799 vnd, guaranteed dividend last 6 months of 2014 reached 2.5% according to the commitments.
Besides the successes in business of year 2014, Viglacera’s brand name also been confirmed by numerous domestic and international awards of building materials and real-estate such as the National Brand Award 2014; National Quality Gold Award; 5 consecutive years won the Vietnam Strong Brand, Golden Award - Commitment to quality and service by the Organization of International Business Orientation and Initiative, "Safe Home" award for Thang Long Number One project and "Mixed Use” award for complex projects of real estate for Dang Xa Urban in International Property Awards in Asia Pacific.
Viglacera Corporation’s Chairman – Mr. Luyen Cong Minh
Viglacera aims to increase at least 6% or more for the main business indicators, increase charter capital, reducing state ownership and listing on the stock exchanges in year 2015.
Promoting the strengths that were achieved in 2014, Viglacera implements the sustainable development strategies, with the goal of business targets increases of 6% or more for all business activities in 2015 compared to 2014. Year 2015, Viglacera also promote investment in two basic areas: building materials and real-estate.
Member of Board of Management, General Director of Viglacera - Nguyen Anh Tuan
In the field of construction materials, Viglacera focus on projects in developing products with high competitiveness, high-technology products, the “green” products such as Low-E glass, autoclaved aerated concrete, Clinker brick; converting to use environmentally friendly fuel in some plants; establishing the joint ventures company for producing sanitary ware, tiles in Cuba; while improving productivity, quality and designs for Viglacera subsidiaries’ products.
In the field of real-estate, Viglacera invests, exploits the infrastructure and services in the area of 977 hectare of industrial zone; follow up the progress of the new project – Phu Ha industrial zone with a total area of 949 hectare, Phong Dien Industrial Zone, Yen Phong Industrial Zone expansion; research and investigates for preparing to invest new industrial zones with a total area of 400 hectares including Thuan Thanh Industrial zone (Bac Ninh), Tien Hai Industrial zone (Thai Binh), Ha Vang industrial zone (Ha Tinh) and developing urban area projects, social housing, and luxury apartment.
Q & A session at the Annual General Meeting
In addition, to improve the quality of human resources and promote the field of research and development, Viglacera keep implementing scientific research project; investing the Center of experiments Low-E glass; planning the project of investing the ERP system to fully connect Viglacera to all subsidiaries, and implementing the next stage of the co-operated training program with Proskills UK as well as a trustworthy partner in the world.
Along with business plan, and investment, at the AGM, Viglacera has approved plans to increase its charter capital from 2645 billion to 3070 billion in accordance private placement plan at the AGM, also reducing state ownership from 91.48% to 75% after got the approval from Ministry of Construction, and trading or listing registration on stock exchange before quarter 4th of year 2015.
Deputy Minister of Construction - Bui Pham Khanh had very high assessment in the Viglacera’s business results after equitization, Viglacera has fulfilled the main targets of AGM, assuring the interests of shareholders as committed
Viglacera continue to strive for maintaining the leadership position, leading enterprises in the production of construction materials and the prestigious investors in real estate in 2015; growth of charter capital to improve financial capacity, growing business scale, balanced with the objective for ensuring safe and healthy operation of the Corporation, thereby increasing the competitiveness, prestige and influence of Viglacera in domestic and international market.
Some other images at 2015 AGM of Viglacera Corporation:
Chief of Supervisor Board – Ms. Ngo Thuy Trang
Member of Board of Management – Mr. Nguyen Quy Tuan
Head of Secretariat of BOM – Mr.Nguyen Anh Tuan – Deputy General Director, Director of Planning and Investment Department of Viglacera Corporation.
