Cotana Group organizes the Annual General Meeting of Shareholders in 2020
In the morning of June 26, at the 11th floor hall - Headquarter of the Company, Cotana Group held the Annual General Meeting of Shareholders in 2020.
The General Meeting of Shareholders this year took place in the context of the impact of Covid-19 resonating with the decline from 2019 that has comprehensively affected all economic and social fields of the countries in the world, including Vietnam and the construction industry also dropped because of real estate difficulties.
In this situation, the Board of Management of Cotana Group was very concerned to make strategic long-term development decisions with the goal of bringing the company to overcome current difficulties and turn to a new page when the new decade begins.
Attending the meeting, the shareholders had heard important reports: the report on business results in 2019 and the business plan in 2020 presented by Doan Van Tuan - General Director of the Company; Report on the activities of the Board of Management in 2019 and the direction of the Board of Management activities in 2020 presented by Mr. Dao Ngoc Thanh - Chairman of the Board of Management. In which, in the past year, in addition to devoting resources to develop construction activities as traditional, Cotana Group mainly focused on investing in Ecogarden - Hue urban project. And the good signal from this investment has helped the Company overcome the difficulties from fierce competition of brands in the industry with the planned revenue. Ecogarden is a big real estate project and a highlight of Hue. After the groundbreaking ceremony in mid-2019, the project has now completed 98% of the site clearance and is in the process of implementing important items. In the future, this will continue to be a key investment project of Cotana Group.
Besides, in his report, Mr. Dao Ngoc Thanh also shared about a key investment project in the next 5-10 years, also in Hue that Cotana had put a line and was approved by the authority of Thua Thien Hue province. It is a project of an eco-resort complex, a nature museum and a golf course expected to be spread over an area of about 485 ha in Ngu Ho - Bau Bang Area, Phong Dien district, Thua Thien Hue province. In the field of construction, Mr. Dao Ngoc Thanh said that in the near future, the brand of Cotana Group will have a big step forward when it is selected as the general contractor of the project of waste burning plant convert in to electricity in Bac Ninh, worth more than 1000 billions dong. In order to realize all those plans, Mr. Dao Ngoc Thanh shared the view of considering the company as a big family and the Board of Directors and all employees are companions who work and walk together on a road.
At this General Meeting of Shareholders in 2020, two important issues were discussed and consulted by shareholders. One is the rate of dividend payment in 2019 and 2020 is 5% in shares / charter capital of the Company. The second is to increase charter capital to 300 billions - 400 billions when the company profits from the Ecogarden Hue project in order to increase the scale of capital to meet financial requirements, good performance of production and business and invest in new projects in the near future.
After ½ working day urgently and seriously, all the issues raised for discussion and consultation of the meeting, including the two major issues mentioned above, received the support and consensus of 100% shareholders. Speaking at the meeting, the shareholders expressed their confidence in the decisions of the Board of Management and look forward to continuing to accompany the development of the company in the future.
The Cotana Group's Annual General Meeting of Shareholders in 2020 ended successfully in a high consensus, creating momentum for the next steps in the strategy proposed by the Board of Management for the Company.
In this situation, the Board of Management of Cotana Group was very concerned to make strategic long-term development decisions with the goal of bringing the company to overcome current difficulties and turn to a new page when the new decade begins.
Attending the meeting, the shareholders had heard important reports: the report on business results in 2019 and the business plan in 2020 presented by Doan Van Tuan - General Director of the Company; Report on the activities of the Board of Management in 2019 and the direction of the Board of Management activities in 2020 presented by Mr. Dao Ngoc Thanh - Chairman of the Board of Management. In which, in the past year, in addition to devoting resources to develop construction activities as traditional, Cotana Group mainly focused on investing in Ecogarden - Hue urban project. And the good signal from this investment has helped the Company overcome the difficulties from fierce competition of brands in the industry with the planned revenue. Ecogarden is a big real estate project and a highlight of Hue. After the groundbreaking ceremony in mid-2019, the project has now completed 98% of the site clearance and is in the process of implementing important items. In the future, this will continue to be a key investment project of Cotana Group.
Besides, in his report, Mr. Dao Ngoc Thanh also shared about a key investment project in the next 5-10 years, also in Hue that Cotana had put a line and was approved by the authority of Thua Thien Hue province. It is a project of an eco-resort complex, a nature museum and a golf course expected to be spread over an area of about 485 ha in Ngu Ho - Bau Bang Area, Phong Dien district, Thua Thien Hue province. In the field of construction, Mr. Dao Ngoc Thanh said that in the near future, the brand of Cotana Group will have a big step forward when it is selected as the general contractor of the project of waste burning plant convert in to electricity in Bac Ninh, worth more than 1000 billions dong. In order to realize all those plans, Mr. Dao Ngoc Thanh shared the view of considering the company as a big family and the Board of Directors and all employees are companions who work and walk together on a road.
At this General Meeting of Shareholders in 2020, two important issues were discussed and consulted by shareholders. One is the rate of dividend payment in 2019 and 2020 is 5% in shares / charter capital of the Company. The second is to increase charter capital to 300 billions - 400 billions when the company profits from the Ecogarden Hue project in order to increase the scale of capital to meet financial requirements, good performance of production and business and invest in new projects in the near future.
After ½ working day urgently and seriously, all the issues raised for discussion and consultation of the meeting, including the two major issues mentioned above, received the support and consensus of 100% shareholders. Speaking at the meeting, the shareholders expressed their confidence in the decisions of the Board of Management and look forward to continuing to accompany the development of the company in the future.
The Cotana Group's Annual General Meeting of Shareholders in 2020 ended successfully in a high consensus, creating momentum for the next steps in the strategy proposed by the Board of Management for the Company.
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