On the morning of December 28, 2022, at Que Vo Industrial Park - Bac Ninh province, Kinh Bac City Development Holding Corporation (KBC) successfully held the 2^nd Extraordinary General Meeting of Shareholders in 2022. Attending the meeting were 154 shareholders (including shareholders and their authorized representatives) representing 529,011,000 shares, equivalent to 529,011,000 votes, accounting for 68.9171% of the total votes of all shareholders of the Corporation. With the authorization of Mr. Dang Thanh Tam - Chairman of the Board of Directors, Ms. Nguyen Thi Thu Huong - Member of the Board of Directors cum General Director- is the Chairman of the General Meeting.

The Presidium run the General Meeting

Attending the General Meeting through online platform, Chairman Dang Thanh Tam shared various information related to: The business plan in 2023; The cancellation of share private placement in 2022; The share buyback plan; The cash dividend payout plan, etc.

At the General Meeting, KBC's shareholders unanimously approved the plan to buy back 100 million shares, equivalent to 13% of the total shares outstanding to reduce the Charter Capital. The transaction method is order matching or agreement transactions but not higher than 34,000 VND/share, equivalent to the maximum spending amount of 3,400 billion VND.

Shareholders attended directly at the General Meeting

At the same time, the General Meeting also approved the cancellation of the plan to issue 150 million shares through private placement in 2022 according to the Resolution of the General Meeting of Shareholders dated February 10, 2022. The plan to pay cash dividends in 2023 at the rate of 20% (1 share received 2,000 VND) was also approved by the General Meeting. The Company may pay or advance to shareholders in one installment or in several installments during the year.

Another important Resolution approved by shareholders was KBC's business plan in 2023. Specifically, the Corporation agreed to set the target for expected total consolidated revenue at 9,000 billion VND, expected total consolidated profit after tax at 4,000 billion VND.

On the other hand, the General Meeting of Shareholders also approved the listing of bonds already issued and newly issued by the Corporation in 2023 until the time of the nearest General Meeting of Shareholders in 2024, that need to be listed in accordance with the law  and approved the transaction policy between related parties.

The meeting was successfully held and ended at 11:30 am on the same day. 

Kinh Bac City Development Holding Corporation would like to announce the full documents of the Meeting Minutes and Resolutions of the 2^nd Extraordinary General Meeting of Shareholders in 2022: Download.