Plastic firm postpones AGM

Tan Tien Plastic Joint Stock Co (coded TTP) has lately sent the document to the State Securities Commission (SSC) and Hochiminh Stock Exchange (STC) and shareholders to explain the reason for holding the annual general meeting (AGM) late. As usual, the AGM should be held within four months after the fiscal year ends.

Previously, the company had sent document to HCM City Department of Planning and Investment and got approval from that authority for extending the deadline to hold its AGM. However, the plastic firm should hold the AGM before June 30, 2012.

Last year, the company reported gaining revenue of 1.578 trillion dong, increasing by 17.5 percent against the previous year, and surpassing the targeted plan. But TTP’s after tax profit was posted at 64.9 billion dong, down 23.9 percent year-on-year and not completing the profit plan.

 

Category: Business