Anh Duong Vietnam Joint Stock Co (Vinasun – coded VNS) planned to hold annual shareholders meeting on March 27, 2010, in which the company would seek approval from existing shareholders for its business plan. In 2010, Vinasun would invest in purchasing at least 900 new taxi cars, for the purpose of gaining revenue of 1.481 trillion dong from business activities and after tax profit of 173 billion dong.
Tran Anh Minh, Vinasun's vice general director said the above-mentioned profit included profits from selling land plots in Thu Khoa Huan St, HCM City and risk standby fund.
The company targeted to strengthen its position in the market via launching its investment strategy of purchasing 900 taxi cars.
According to the company's resolution to be submitted for approval in the coming shareholders meeting, Vinasun planned to issue bonus shares under the ratio of 2:1 in order to raise chartered capital to 300 billion dong and to increase 2009 dividend from 20 percent to 22 percent over chartered capital.
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