Annual Shareholders Meeting 2019 of Viglacera was successfully organized and set a good start for ti so bong da truc tuyen new term 2019-2024.

ti so bong da truc tuyen Annual Shareholders meeting of Viglacera Corporation – JSC (trading code: VGC, HOSE stock exchange) which was organized on 26th June 2019 at Hanoi National Convention Center already passed lots of significant contents which help to set a positive start for ti so bong da truc tuyen new term 2019 – 2024 with huge turning points. ti so bong da truc tuyen new Board of Management and Supervisory Board were elected in ti so bong da truc tuyen meeting and officially are introduced publicly today.

ti so bong da truc tuyen whole scene of ti so bong da truc tuyen meeting

As ti so bong da truc tuyen company officially changed to joint stock company model from 22nd July 2014, ti so bong da truc tuyen first 5-year-term of ti so bong da truc tuyen Board of Management and Advisory Board of Viglacera Corporation had lots of important highlight.

Viglacera continued to affirm its position as one of ti so bong da truc tuyen leading companies in manufacturing & trading building materials and Real Estate industry in Vietnam.

Mr Nguyen Anh Tuan – Deputy General Director reported to ti so bong da truc tuyen Board of Directors at ti so bong da truc tuyen meeting

In building material industry, until end of 2018, Viglacera accounted for 40% domestic building glass production capability with 3 factories manufacturing glass, 2 factories manufacturing float glass, 1 factory manufacturing energy saving glass and 1 factory manufacturing after-glass products. ti so bong da truc tuyen total volume of glass manufactured in 2018 is approximately 59.6 million m2.

ti so bong da truc tuyen corporation also accounted for 11% of Sanity wares, 5% of tiles and 45% of cotto bricks production capability of ti so bong da truc tuyen whole country. In 2018, Viglacera provided ti so bong da truc tuyen market with more than 1.5 million sanity ware products, 12,3 million cotto bricks, 28 million m2 ceramic-granite tiles, 312 million building bricks and almost 160 million roof tiles.

In ti so bong da truc tuyen real estate field, VGC owns 12 industrial zones with ti so bong da truc tuyen total leasing area of more than 4000 ha. ti so bong da truc tuyen corporation invested into infrastructure in 120 ha industrial zone area and leased 102 ha; ti so bong da truc tuyen total area which has been invested on infrastructure but not yet been leased is 226 ha, ti so bong da truc tuyen total area which hasn’t been deployed is 1,700ha. ti so bong da truc tuyen industrial zones of Viglacera attract many big international corporations such as Samsung, Toshiba, Canon and so on. Viglacera is also investing into 12 urban areas, housing and leasing office projects with ti so bong da truc tuyen total area of 188 ha, in which ti so bong da truc tuyen area not yet been into business until January 2019 is 27.7 ha.

In financial perspective, Viglacera had a sustainable development and already accumulated enough resources for ti so bong da truc tuyen next development stage. Until end of 2018, ti so bong da truc tuyen total capital of ti so bong da truc tuyen Corporation achieved more than 16,489 billion dong. In 2018, ti so bong da truc tuyen Corporation’s total revenue reached 8,812 billion dong, ti so bong da truc tuyen profit before tax reached 846.8 billion dong. Especially, ti so bong da truc tuyen Parent company had revenue of 3,135 billion dong and profit before tax of 607.6 billion dong.

Leaders of ti so bong da truc tuyen Corporation answered shareholders in ti so bong da truc tuyen discussion session

Besides some main targets which was met successfully, ti so bong da truc tuyen profit before tax of ti so bong da truc tuyen Viglacera Parent company always exceeded ti so bong da truc tuyen plan delegated by ti so bong da truc tuyen Shareholder Committee, which proved that ti so bong da truc tuyen strategic movement of ti so bong da truc tuyen Corporation was right and effective.

ti so bong da truc tuyen Corporation already processed to transfer from HNX to HOSE stock exchange (ti so bong da truc tuyen VGC was officially listed on HOSE on 29th May 2019). Before that, ti so bong da truc tuyen Ministry of Construction also divested ti so bong da truc tuyen Government capital of ti so bong da truc tuyen Parent company to 38.58%.

Shareholders voted to pass significant contents in ti so bong da truc tuyen meeting

After serious discussing hours, ti so bong da truc tuyen Annual Shareholders Meeting 2019 successfully created through election ti so bong da truc tuyen new Board of Management and Advisory Board for ti so bong da truc tuyen new term 2019 – 2024, at ti so bong da truc tuyen same time passed lots of significant contents such as ti so bong da truc tuyen business result of 2018, especially ti so bong da truc tuyen 10%-in-cash dividend payout ratio of 2018 which is higher than predicted...

Shareholders elected to create ti so bong da truc tuyen new Board of Management and Advisory Board of ti so bong da truc tuyen Corporation

ti so bong da truc tuyen Corporation Board of Management will have Mr Nguyen Van Tuan – President of ti so bong da truc tuyen Corporation ‘s Board of Management, Mr Luyen Cong Minh – Vice president, Mr Nguyen Anh Tuan – Member cum General Director of ti so bong da truc tuyen Corporation, Mr Tran Ngoc Anh – Member, Ms Do Thi Phuong Lan – Member. ti so bong da truc tuyen Corporation Advisory board will have Ms Pham Ngoc Bich, Ms Nguyen Thi Cam Van and Ms Nguyen Thi Thanh Yen.

ti so bong da truc tuyen Board of Management was introduced in ti so bong da truc tuyen meeting

In 2019, Viglacera sets ti so bong da truc tuyen total revenue target as 9,300 billion dong which increases 5.5% compared to 2018; ti so bong da truc tuyen Parent company needs to achieve 3,500-billion dong revenue which is 11.6% higher than 2018; ti so bong da truc tuyen target on total profit before tax of ti so bong da truc tuyen whole corporation is 959 billion dong which is 12.5% higher compared to 2018; ti so bong da truc tuyen Parent company needs to have profit before tax of 650 billion dong which increases 7% compared to 2018; ti so bong da truc tuyen minimum dividend payout ratio is 10.5%.

Mr Nguyen Van Tuan – New President of Viglacera Corporation ‘s Board of Management spoke at ti so bong da truc tuyen meeting

For ti so bong da truc tuyen long term development, Viglacera Corporation – JSC will continue to strongly implement restructuring, investing on high-tech products and building materials which have high value, update new technology and are friendly with environment (super white glass, energy saving glass, Autoclaved aerated concrete, ALC panel, high-class sanity ware and so on). In real estate industry, Viglacera will invest on infrastructure in industrial zones (for example ti so bong da truc tuyen investment on 2 new industrial zones Yen Phong IIC and Yen My), social housing and worker housing as ti so bong da truc tuyen Government advocate. Besides, Viglacera will also increase ti so bong da truc tuyen investment on resort properties (Van Hai project) to increase ti so bong da truc tuyen business efficiency and make ti so bong da truc tuyen Viglacera brand become a huge and prestigious brand in Building Materials and Real Estate Industry in Vietnam.

2019 is predicted to be a huge turning point of ti so bong da truc tuyen Corporation when ti so bong da truc tuyen capital structure will be changed due to ti so bong da truc tuyen Government capital divestment to 0% according to Decision No 1232/QĐ-TTg of ti so bong da truc tuyen Prime Minister. ti so bong da truc tuyen changing of operation and management model of ti so bong da truc tuyen Corporation was implemented based on ti so bong da truc tuyen model of publicly held company through management regulations which are similar to other enterprises having ti so bong da truc tuyen top production technology and management system in Vietnam and throughout ti so bong da truc tuyen world.

ti so bong da truc tuyen next 25th July is ti so bong da truc tuyen date when Viglacera celebrates 45 years of establishment. These 45 years consist all ti so bong da truc tuyen traditions and cultures of all employees who have been engaged with and contributed to Viglacera for ti so bong da truc tuyen past 45 years. Viglacera Corporation will make all effort to develop sustainably, maintain ti so bong da truc tuyen national brand, meet market demand and take ti so bong da truc tuyen best advantage of all opportunities coming from ti so bong da truc tuyen active development of ti so bong da truc tuyen domestic market as well as ti so bong da truc tuyen integration with ti so bong da truc tuyen global economy.

Some pictures of ti so bong da truc tuyen meeting: