On June 19, 2024 morning, at Que Vo Industrial Park – Bac Ninh province, Kinh Bac City Development Holding Corporation (KBC) successfully held the 2024 Annual General Meeting xổ số miền trung Shareholders. Attending the General Meeting were 176 shareholders (including shareholders and authorized representatives xổ số miền trung shareholders) representing 420,044,602 shares, equivalent to 420,044,602 votes, accounting for 54.7215% xổ số miền trung the total votes xổ số miền trung all shareholders. Mr. Dang Thanh Tam – Chairman xổ số miền trung the Board xổ số miền trung Directors run the General Meeting.
Annual General Meeting xổ số miền trung Shareholders xổ số miền trung Kinh Bac City Development Holding Corporation in 2024
Regarding the business plan in 2024, KBC sets a target revenue xổ số miền trung VND 9,000 billion, increasing 48.5% compared to actual result xổ số miền trung 2023; target profit after tax xổ số miền trung VND 4,000 billion, increasing 78.2% compared to the actual implementation in 2023.
KBC''s leaders said that the estimated land lease area xổ số miền trung industrial parks (IPs) in 2024 was expected to be 150 hectares from the projects such as Nam Son - Hap Linh IP, Quang Chau IP, Tan Phu Trung IP, industrial clusters in Hung Yen, Long An, Trang Due 3 IP, etc. In addition, KBC also prepared new IP land funds in localities such as Bac Ninh, Thai Nguyen, Hau Giang, Can Tho, Vung Tau with a total area xổ số miền trung about 3,500 hectares xổ số miền trung IP land and 650 hectares xổ số miền trung urban area land.
Presidium xổ số miền trung the General Meeting
At the General Meeting, the Presidium submitted to shareholders the plan to privately issue 250 million shares to no more than 100 professional securities investors in accordance with the law. The company has not yet determined the specific offering price, instead, the General Meeting xổ số miền trung Shareholders has approved the authorization for the BOD to determine the offering price according to the principle xổ số miền trung "not lower than 80% xổ số miền trung the average closing price xổ số miền trung 30 trading sessions immediately before the date the State Securities Commission has issued an official letter approving / confirming the receipt xổ số miền trung a complete registration dossier for private placement xổ số miền trung KBC shares and the offering price must not be lower than the value recorded in the books xổ số miền trung the shares specified in the separate financial statements xổ số miền trung the latest quarter at the time the Corporation''s BOD implements the offering plan". In addition, the issued shares are restricted from transfer for 1 year from the date xổ số miền trung completion and implementation in 2024 – 2025. If the above plan is successfully implemented, KBC will increase its charter capital from VND 7,676 billion to VND 10,176 billion. The Corporation will use the mobilized money to restructure debts; increase the scale xổ số miền trung operating capital, invest in capital contribution in subsidiaries, joint ventures and affiliated companies; purchase shares and contributed capital xổ số miền trung companies to carry out potential mergers and acquisitions xổ số miền trung enterprises suitable for business activities; and supplement working capital.
Mr. Dang Thanh Tam - Chairman xổ số miền trung KBC’s BOD said that currently, the demand xổ số miền trung investors who want to buy privately issued shares has exceeded the expected number xổ số miền trung offerings. The time to make the dossier until it is completed if it is fast, will take from 3 to 5 months. KBC''s expected asking price will depend on GDP growth as well as other macroeconomic factors. Regarding the number xổ số miền trung issued shares, Mr. Dang Thanh Tam said that the Corporation has calculated and balanced to increase capital and meet the conditions to implement projects.
Mr. Dang Thanh Tam – Chairman xổ số miền trung the BOD xổ số miền trung Kinh Bac Corporation
According to Chairman Dang Thanh Tam, the Corporation has projects that have been prepared for many years. For example, Trang Due 3 project has been in preparation for 10 years. In Hai Phong, KBC also participates in large projects, coordinating with large financial and industrial complexes xổ số miền trung the US and Europe. Along with urban projects, KBC''s business results are expected by the Chairman xổ số miền trung the BOD to have outstanding breakthroughs in the context that the Corporation already has customers.
The General Meeting unanimously approved the full text xổ số miền trung the Minutes and Resolution xổ số miền trung the 2024 Annual General Meeting xổ số miền trung Shareholders. The General Meeting ended at 11:15 a.m on the same day.