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20-09-2009 12:45 AM #1
SAM: Denial of rumor and business result
The Cables and Telecommunications Material Joint Stock Company (SAM) has announced the following information:
- The company has not provided any information on ratio of paying bonus shares
- All decisions relating to payment of bonus shares and dividend must be passed by the shareholders’ meeting or the BOD. In addition, they have to be informed to the State Securities Commission and the Hochiminh Stock Exchange.
The company has disclosed its business situation in the first 9 months 2009 as follows:
1. Expected profit before tax: VND230 billion
2. Investment:
a. Project of Sacom Resort and Golf ground: The company has prepared for setting up the Sacom Resort Dalat Joint Stock Company in Q4/09 with chartered capital of VND500 billion (Sacom contributes 51%). The project is expected to get revenue from 2010. The company has just singed a labor contract with Mr Ian (British) to be Director of the golf ground.
Hotel and Resort: the company will sign a deal with the Swissbel- hotel Group in Ho Tuyen Lam, Dalat.
b. Project of Nhon Trach-Dong Nai residence area: It has been approved of the People’s Committee of Dong Nai Province. It is expected to start working at the beginning of 2010.
c. Project of Giai Viet high-class residence area: The company has just signed a contract of constructing one block of the apartment building with the Quoc Cuong Gia Lai Joint Stock Company:
- Number of floors: 30
- Area: 31,000 m2
- Number of apartments: 222
- Construction density: 25%
- The project is located in the area of 42,000 m2 (2 doubled-blocks; 2 singled-blocks and 1 trading center). Investment owners are the Quoc Cuong Gia Lai and Hoang Anh Gia Lai companies.
- Completion period: 30 months
- Location: Ta Quang Buu Street, Ward 5, Dist.8, HCMC.Watch your thoughts, they become words.
Watch your words; they become actions.
Watch your actions; they become habits.
Watch your habits; they become character.
Watch your character; it becomes your destiny.
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