On October 19, 2018, Hung Loc Phat Real Estate Investment Corporation held the 2018 General Meeting of Shareholders at Adora Premium Convention Center, District 7.
Attending the meeting were 105 shareholders, equivalent to 99.99% of the total voting shares.
After nearly 4 hours of working urgently and excitingly, the Congress has completed all the proposed programs with the following main contents:
The Congress heard reports made by the Board of Directors, Board of Directors, and Supervisory Board of the Company
Indicators Business results achieved in 2017:
2017 marked a remarkable growth in revenue of the Company (an increase of VND 613 billion compared to the previous year). Profit after tax reached VND 44.5 billion. Mainly revenue and profit from Hung Phat Silver Star project.
As at 31/12/2017, Hung Loc Phat’s total assets reached VND 1,018 billion. In particular, long-term assets were VND 668 billion, short-term assets was VND 350 billion, short-term receivables were VND 147.2 billion. Payable debt is VND 423.8 billion. In debt structure, mainly short-term debt of VND 330.4 billion, long-term debt is VND 93.4 billion with long-term financial debt of VND 81.6 billion. Total liabilities of Hung Loc Phat as of December 31, 2017 were 0.71 times higher than equity.
The targets of business plan in 2018:
With the goal of diversifying residential real estate products, Hung Loc Phat aims to achieve VND 1,200 billion in revenue, VND 84 billion in pre-tax profit for 2018. Development orientation and strategy in 2018 of Hung Loc Phat is to continue to promote investment in commercial real estate projects, which is the core business of the Company. In the following years, the revenue of Hung Loc Phat continues to increase strongly because Hung Phat 5 and Hung Phat 6 projects start to invest in construction and business.
In 2017, Hung Loc Phat conducted a comprehensive review and adjustment of the organizational system to improve the professionalism and efficiency. In terms of personnel, Hung Loc Phat always focuses on promoting collective strength, building a dynamic and professional corporate culture and developing and consolidating high quality human resources for the Company. Hung Loc Phat is a place that focuses on dynamic, enthusiastic people, striving to learn, constantly strive to improve themselves, taking Company culture as a guideline to adjust all behaviors and deliveries. daily reception. The company has organized training courses on professional, process and organization.
The Meeting also listened to and approved the BOD’s Proposals on issues submitted to the General Meeting of Shareholders, including the following main contents:
The Meeting also elected the Board of Directors & Supervisory Board for the term of 2018-2021 with the following members:
Mr. Nguyen Du Luc – Chairman of the Board and General Director of the company representing the Board of Directors gave a speech to the Congress: “I pledge to make every effort to guide Hung Loc Phat to overcome the full period. current challenge. I believe in the consent of the Board of Management – Control – Administration, the consensus of all employees and the solid support of your shareholders will be the most solid foundation for HLP day. more stable in the future. ”.
The congress ended at 12:00 noon on the same day and was successful. This conference is a special event, marking an important milestone in the development process of Hung Loc Phat.
Some pictures take place in the Congress:
The Presidium presided over the Congress.
The shareholders voted the contents of the meeting.
The shareholders conducted the election in the form of voting for the Board of Directors and the Supervisory Board for the term of 2018 – 2023
The Board of Directors for the term 2018 – 2023 was launched before the Congress
Supervisory Board tenure 2018 – 2023 launched before the Congress
Mr. Nguyen Du Luc – Chairman of the Board and General Director of the company spoke to the Congress