Vimeco approved the plan to increase capital, towards multi-industry investment

Vimeco Joint Stock Company (HNX: VMC) successfully held the General Meeting of Shareholders in 2022

The meeting approved the plan to increase charter capital more than 5 times, from VND 200 billion to VND 1,016 billion. In which, Vimeco plans to issue 1.6 million shares to pay dividends in 2021 at the rate of 8%, and offer 80 million shares to existing shareholders at the price of 12,500 VND/share. This capital increase helps Vimeco supplement capital for production and business activities, invest in more machinery and equipment, improve construction and installation capacity, and approach investment in large real estate projects.

In 2022, Vimeco sets a target of total consolidated revenue of VND1,800 billion and profit after tax of VND31.1 billion – an increase of 2.3 and 6.2 times respectively in 2021. In the field of construction and installation, Vimeco will promote the inherent tradition of being one of the leading prestigious construction contractors in Vietnam, focusing on promoting the construction of key projects: Phan Thiet Dau Giay Expressway; National Highway 45 – Nghi Son; Long Thanh Airport…

In addition, Vimeco also identifies a number of key objectives in real estate investment, services and key investment, gradually moving towards revenue and profit of the real estate sector, which plays a key role in the revenue structure. company profits.

Vimeco leaders determined that, with the goal of developing Vimeco to become a multi-industry company, the investment and development of real estate products such as urban areas, industrial parks, industrial clusters, logistics… are absolutely necessary.

Vimeco real estate brand in previous years was highly appreciated by the market, the products have good quality, reasonable price. With this “push” to raise capital this time, the company can approach to invest in large real estate projects, and in 2022 will carry out investment procedures, make planning ideas, finance planning, prepare documents Proposal/approval for investment policy for projects under study such as: Ly Thai To High School (combined with vocational training), Industrial Park, Industrial Cluster, Urban Area projects .

In addition to the above goals, Vimeco shows its determination to enhance its brand and image on construction sites and investment projects, standardize logos and signs at recognizable locations of the company. motorcycles, equipment, operators, labor protection… This transformation affirms that a company with a long history like Vimeco is improving markedly and is ready to change to improve communication and advertising. Promote Vimeco’s image to domestic and foreign partners.

Vimeco also intends to strengthen and expand relationships with foreign partners, strengthen cooperation and association to participate in the construction of investment projects of foreign investors.

Vimeco introduces new members of the Board of Directors, members of the Supervisory Board

Regarding personnel changes in the leadership, the congress elected additional senior personnel for key positions to lead the new business strategy. Specifically, the meeting elected 2 additional members of the Board of Directors and 1 member of the Supervisory Board for the 2018-2023 term, after the former employee resigned.

With 100% of votes passed, Mr. Nguyen Dac Truong, and Mr. Dang Van Hieu were elected as members of the Board of Directors. Mr. Nguyen Dac Truong was nominated by VMC’s parent company, is the General Director of Vietnam Construction and Import-Export JSC Vinaconex (HoSE: VCG). Mr. Truong is currently Deputy General Director of Vinaconex Tourism Development and Investment JSC (Stock Code: VCR) – the investor of the Cat Ba Amatina project in Hai Phong.

And Mr. Dang Van Hieu was nominated by a group of individual shareholders. Mr. Hieu is the General Director of VMC.

Thus, after the General Meeting of Shareholders, the Board of Directors includes 5 members: Mr. Duong Van Mau – Chairman of the Board of Directors, Mr. Nguyen Khac Hai – Member of the Board of Directors, Mr. Vu Minh Tuan – Member of the Board of Directors, Mr. Nguyen Dac Truong – Member of the Board of Directors.

Mr. Nguyen Tien Khanh was additionally elected to the position of member of the Supervisory Board. Mr. Khanh is currently the Deputy General Director in charge of finance – Vinaconex Investment Co., Ltd., Chairman of the Board of Directors and General Director of Bohemia Crystal Glass Company Limited Hanoi.

Doan Phong