VIGLACERA organized the Annual General Meeting of Shareholders 2017

On the morning of 25/04/2017, Viglacera Corporation - JSC successfully held the Annual General Meeting of Shareholders (AGM) in 2017 at the National Convention Center - No. 2 Thang Long Avenue, Hanoi. Viglacera's business performance in 2016 has confirmed the performance of state-owned joint stock company by exceeding the targets set by the General Meeting of Shareholders. In order to carry out the strategy of sustainable development, implementing the guidelines and policies of the Party, State and Government, in 2017, Viglacera will invest strongly in high technology projects, "green" projects" friendly with the environment and increase investment in potential projects in Cuba. Besides, the implementation of the plan to issue public securities to reduce the ownership of state capital to 56.67%, according to the approved roadmap  to reduce to less than 51%. Viglacera Corporation's dividend payout ratio in 2016 is 9.5%, up 36% as approved by the General Meeting of Shareholders.

With the absolute rate of approval, the General Meeting approved the following main contents: Report of the Board of Management, Report of the Board of Directors on the results of business activities in 2016 and the plan for 2017; Activity of the Supervisory Board in 2016; The plan to increase the charter capital by public issuance of securities to reduce the state capital ownership ratio to 53.6% and proceed to reduce below 51% in accordance with the approved roadmap.

Overview of Viglacera's Annual General Meeting of Shareholders 2017 

In 2016, Viglacera continues to affirm the effectiveness of the Joint Stock Company.

In 2016, the Board of Management of Viglacera Corporation - JSC continued to promote internal strength, effective management and implementation of innovation policies, system leadership, business efforts, safe and sustainable development.

            The results of the major indicators in 2016 have been reached and exceeded the plan of the 2016 General Meeting of Shareholders passed on 26/4/2016.

            -The profit of the Corporation reached VND768,736 million, 37% increase compared to the plan approved by the General Meeting of Shareholders, in which parent company's profit was VND 440,892 million,  57% increase compared to the plan of the General Meeting of Shareholders.

            - Parent company's average rate of return/ equity in 2016 is 13%; Basic earnings per share is VND 1,826, 47% increase compared to the implementation of 2015. Viglacera Corporation's dividend payout ratio for 2016 is 9.5%, up 36% as approved by the General Meeting of Shareholders.

In addition to the successes achieved in production and business activities, in 2016, Viglacera's brand has also been confirmed by many awards at home and abroad in two main fields of activity: building materials and real estate. Real estate such as 7 consecutive years won the Strong Brand Name of Vietnam, Top 10 prestigious real estate investors in 2016, Top 10 prestigious building materials company in 2017.

The presidium operated the meeting

In 2017, the business indicators of Viglacera increased from 10-12%, increase charter capital, reduce the proportion of ownership of state capital.

Promoting the strengths achieved in 2016, in 2017, Viglacera implements a stable and sustainable development strategy, and indicators for production and business in 2017 will increase by an average of 10-12% for all fields of activity compared to 2016. In 2017, is also the year Viglacera makes overall  investment in the two fundamental areas of building materials and real estate.

In the field of building materials, Viglacera focuses on investment projects of high-tech products, "green" products such as energy-saving glass, nano sanitary ware,  AAC block, clinker brick; Granite inkjet tiles friendly environment; conversion of friendly environment fuel use in some factories; At the same time, improving the productivity, quality, design of the products in subsidiaries.

The approval rate of shareholders with the main contents were absolute.

For the real estate sector, Viglacera continues to invest in new industrial parks such as Yen Phong Industrial Park - Bac Ninh; Dong Van 4 Industrial Park - Ha Nam; continue to exploit technical infrastructure and services in the existing industrial parks are operating very effectively, keeping pace with the progress of new key projects such as Pho Noi - Hung Yen Industrial Park, etc. Research investment in some new industrial parks and develop urban housing in the segment of social housing, commercial housing in Kim Chung and Tien Duong - Dong Anh - Hanoi.

In the field of oversea investment, Viglacera continues to promote trade cooperation, joint venture projects to invest in sanitary wares, tiles and hotel investment, industrial park investment in Mariel Development Zone in Cuba. These are potential projects and will open up many opportunities for Viglacera in Cuba.

In addition, in order to improve the quality of human resources and promote research and development, Viglacera continues to carry out research projects; Continue to invest in ERP human resources management system to connect the whole corporation and implement the next phases of the training cooperation program with the UK Vocational Skill Council Proskills as well as the prestigious partners in the world.

Mr. Bui Pham Khanh - Deputy Minister of Construction highly appreciated the efficiency of Viglacera's operation and the roadmap to reduce the state capital ownership in accordance with the approved plan.

Along with the implementation of business and development investment plan, in 2017 Viglacera launched the sale of 120 million shares to the public in the form of public auction, increased charter capital from VND 3.070 billion to VND 4,483 billion, reducing the proportion of state ownership from 78.82% to 56.67% under the plan approved by the State Securities Commission at the Certificate of public offering 14 / GCN-UBCK on 17 April 2017.

In 2017, Viglacera continues to strive to maintain its leading position as a leading enterprise in construction materials production and a prestigious investor in real estate business. Increase charter capital to improve financial capacity, increase business scale, balance with the aim of ensuring safety and effective in operation of the whole corporation, thereby enhancing the position of Viglacera's competitiveness, prestige and influence in regional and international markets.

Some pictures of the Annual General Meeting of Shareholders 2017: