The 12th shareholder meeting of First District Producing Import Export Trading and Service JSC (FIMEXCO) was held on February 28th, 2014 at the office of the company with the participation of eighteen shareholders representing 93.14% of the voted shares.
At the meeting, the report of the Board of Directors and the 2013 financial report have been adopted as follows: Although the economic situation in the year 2013 is still more difficult, consumers’ purchasing power reduces, many changes in bank lending policies have created difficulties in managing the cash flow. However, the Board of Directors of Fimexco JSC have successfully managed and operated the company’s business activities to achieve 100% target profit and decided the dividend rate is 12% as the resolution has been adopted at the 11th shareholder meeting of the company.
The economic situation of the world and in Vietnam in 2014 has been forecasted to be continuously more difficult than in 2013. However, on the occasion of the 25th anniversary of the establishment of the company (13/5/1989 – 13/5/2014) the Board of CEO and Directors are determined to overcome difficulties to operate and manage Fimexco JSC on the business orientation “Innovation in management and operating ability” in accordance with the development of the company to achieve the stable development goal, to make profit from the five major business industries of the company to make sure and confirm the dividend rate from 12% – 14% has been given to the company shareholders.
The business orientation and goal of the company in the year 2014 have been agreed and adopted by 100% of shareholders attending the meeting.
The 12th shareholder meeting of Fimexco JSC has ended successfully.