On September 29th, 2019, Halcom Vietnam JSC organized a successful Annual General Meeting of Stakeholders 2019 at Diamond Palace Convention Center, Hoang Quoc Viet Str., Cau Giay Dist., Hanoi.
The meeting was participated by Mr.Nguyen Quang Huan, President of Halcom Vietnam JSC., members of the Board of Directors (BOD), Board of Execution, Board of Controlling and shareholders.
Halcom VietNam JSC.
The meeting started with 2018 financial year business result report and 2019 financial year business plan presenting by Mr.Nguyen Quang Huan on behalf of the BOD, and continued by 2018 activity report by the Board of Controlling. For the past two years, Halcom has gradually invested into the renewable energy industry, infrastructure and clean water supply. The most recent typical project is Phuong Mai 3 Wind Farm in Binh Dinh province with the capacity of 21MW, equivalent to the total investment of 1,000 billion dongs and expected to integrate the national electricity grid by late 2019. In the consulting field, Halcom has continued bidding in big projects, negotiated and signed several contracts funded by the World Bank (WB) and Asia Development Bank (ADB). Besides, the company has been seeking actively opportunities in potential markets such as Laos, Cambodia, Myanmar, etc.
According to the audited financial report of 2018, Halcom achieved some business results as below:
- Total revenue of 297,4 billion dongs
- Charter capital of 570,5 billion dongs
- Undistributed profit after tax of 26,52 billion dongs
- Dividend payment ratio in cash: 1.5%
2019 business plan was voted and approved at the meeting with several key targets as below:
- Total revenue of 370 billion dongs
- Profit after tax of 18 billion dongs
- Dividend payment ratio in cash: 2.5%
Q&A session recorded shareholders’ opinions and concerns in order to make reasonable adjustments for the most effective business execution in 2019 i.e. risk management methods, choosing independent and prestigious auditing company, investment insurance, salary and benefits for the Board of Directors and Execution. The 2019 Annual General Meeting of Shareholders of Halcom Vietnam finally ended with the agreement, belief and effort recognition among participants.