Annual Shareholders Meeting 2019 of Viglacera was successfully organized and set a good start for ty le keo bong da hom nay new term 2019-2024.

ty le keo bong da hom nay 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 ty le keo bong da hom nay new term 2019 – 2024 with huge turning points. ty le keo bong da hom nay new Board of Management and Supervisory Board were elected in ty le keo bong da hom nay meeting and officially are introduced publicly today.

ty le keo bong da hom nay whole scene of ty le keo bong da hom nay meeting 

 As ty le keo bong da hom nay company officially changed to joint stock company model from 22nd July 2014, ty le keo bong da hom nay first 5-year-term of ty le keo bong da hom nay Board of Management and Advisory Board of Viglacera Corporation had lots of important highlight.

Viglacera continued to affirm its position as one of ty le keo bong da hom nay leading companies in manufacturing & trading building materials and Real Estate industry in Vietnam.

Mr Nguyen Anh Tuan – Deputy General Director reported to ty le keo bong da hom nay Board of Directors at ty le keo bong da hom nay 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. ty le keo bong da hom nay total volume of glass manufactured in 2018 is approximately 59.6 million m2.

ty le keo bong da hom nay corporation also accounted for 11% of Sanity wares, 5% of tiles and 45% of cotto bricks production capability of ty le keo bong da hom nay whole country. In 2018, Viglacera provided ty le keo bong da hom nay 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 ty le keo bong da hom nay real estate field, VGC owns 12 industrial zones with ty le keo bong da hom nay total leasing area of more than 4000 ha. ty le keo bong da hom nay corporation invested into infrastructure in 120 ha industrial zone area and leased 102 ha; ty le keo bong da hom nay total area which has been invested on infrastructure but not yet been leased is 226 ha, ty le keo bong da hom nay total area which hasn’t been deployed is 1,700ha. ty le keo bong da hom nay 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 ty le keo bong da hom nay total area of 188 ha, in which ty le keo bong da hom nay 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 ty le keo bong da hom nay next development stage. Until end of 2018, ty le keo bong da hom nay total capital of ty le keo bong da hom nay Corporation achieved more than 16,489 billion dong. In 2018, ty le keo bong da hom nay Corporation’s total revenue reached 8,812 billion dong, ty le keo bong da hom nay profit before tax reached 846.8 billion dong. Especially, ty le keo bong da hom nay Parent company had revenue of 3,135 billion dong and profit before tax of 607.6 billion dong.

Leaders of ty le keo bong da hom nay Corporation answered shareholders in ty le keo bong da hom nay discussion session 

Besides some main targets which was met successfully, ty le keo bong da hom nay profit before tax of ty le keo bong da hom nay Viglacera Parent company always exceeded ty le keo bong da hom nay plan delegated by ty le keo bong da hom nay Shareholder Committee, which proved that ty le keo bong da hom nay strategic movement of ty le keo bong da hom nay Corporation was right and effective.

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

Shareholders voted to pass significant contents in ty le keo bong da hom nay meeting 

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

Shareholders elected to create ty le keo bong da hom nay new Board of Management and Advisory Board of ty le keo bong da hom nay Corporation 

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

ty le keo bong da hom nay Board of Management was introduced in ty le keo bong da hom nay meeting 

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

Mr Nguyen Van Tuan – New President of Viglacera Corporation ‘s Board of Management spoke at ty le keo bong da hom nay meeting 

For ty le keo bong da hom nay 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 ty le keo bong da hom nay investment on 2 new industrial zones Yen Phong IIC and Yen My), social housing and worker housing as ty le keo bong da hom nay Government advocate. Besides, Viglacera will also increase ty le keo bong da hom nay investment on resort properties (Van Hai project) to increase ty le keo bong da hom nay business efficiency and make ty le keo bong da hom nay 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 ty le keo bong da hom nay Corporation when ty le keo bong da hom nay capital structure will be changed due to ty le keo bong da hom nay Government capital divestment to 0% according to Decision No 1232/QĐ-TTg of ty le keo bong da hom nay Prime Minister. ty le keo bong da hom nay changing of operation and management model of ty le keo bong da hom nay Corporation was implemented based on ty le keo bong da hom nay model of publicly held company through management regulations which are similar to other enterprises having ty le keo bong da hom nay top production technology and management system in Vietnam and throughout ty le keo bong da hom nay world.

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

Some pictures of ty le keo bong da hom nay meeting: