TIG successfully held the 2015 Annual General Meeting of Shareholders
13/05/2015, 08:39 am
On April 5th 2015, at the Grand Plaza Hotel, No. 117 Tran Duy Hung, Hanoi, 2015 Annual General Meeting of Shareholders of Thang Long Invest Group took place successfully.
General Meeting was attended by Prof. Dr. Le Van Chau – President of Vietnam Association of Securities Business, former Deputy Governor of the State Bank of Vietnam; representatives of MB Securities and numerous reporters from financial sites and press agencies such as: Vietnam Securities Times, Securities Investment Review, cafeF, Vietstock, NDH, Vietnam Enterprises Ezines… and other guests.
Shareholders and investors who interested in TIG shares are very excited to know that although there were still many difficulties in 2014, TIG has gained remarkable achievements. TIG achieved total consolidated revenues VND 161.9 billion, equivalent 173% of revenue in 2013, the consolidated profit before tax reached VND 36.33 billion, equivalent 348% compared to the same period in 2013. The proportion of fields’ revenue balanced, including real estate sales have good growth with VND 27.27 billion, by 144% compared to the same period in 2014, the profit rate of nearly VND 7.5 billion. Company always ensures no bank debts and high cash balances. Specifically, in 2014, a number of major projects such as TIG Dai Mo Green Garden House, Vuon Vua Resort & Villas… were in progress and ready to operate and create positive cash flow.
The shareholders as well as the media especially interested in plan to increase capital to 680 billion and transfer the Stock Exchange from HNX to HSX, together with impressive 2015 revenue and profit plan.
With current capital is too low compared with peers while having large project land fund that ready to exploit, so the capital increase is necessary to improve finance, help TIG implement potential projects, optimize profits to shareholders rather than profit sharing if use bank loan or cooperate with other partners. There are so many domestic and foreign organizations and individual investors are interested in investing to Company, so the chances of success of the offering is very high.
2015 Annual General Meeting of Shareholders ended successfully, approved all the contents of the Reports and the Proposals of the Board of Directors with voting rate was 100 % of total shares voted at the meeting.
Some images at the meeting: