FIT Investment Joint Stock : F.I.T sucessfully organized an Extraordinary General Meeting of Shareholders 2016

F.I.T Joint Stock company have sucessfully organizedan Extraordinary General Meeting of Shareholders 2016 on 22 Sep 2016 at 6 Floor - Hapulico Center building - No1 Nguyen Huy Tuong, Thanh Xuan, Hanoi.

With 97,24% shares agreed, the meeting finalized a decision of changing company name following 02 options: 01. F.I.T Group company (F.I.T Group) and 02. F.I.T Holding Joint Stock company. Board of Directors was authorized to select company name based on actual situation; revised Company Charter; change business registration in line with the content changed after the AGM. Besides, the congress also agreed to reduce number of Board of director members, with the dismissal of board members Mr. Vu Thanh Le and Mr. Ngo Anh Son due to personal reasons.

Board of Chairman is working during meeting

The meeting also submitted to shareholders and got approval for the plan of increasing company charter capital accordance with Decision 2016 AGM No.01 / 2015 / NQ-AGM / FIT dated 02.28.2015 by issuing more shares (in two rounds). Total capital raised is more than 311 billion and will be invested to FIT land, Cuu Long Pharmaceutical Joint Stock Company, and the rest will be used for supplement projects, for the purpose of company business and expansion.

Shareholders vote to give approval

2016, FIT aims to grow 90.25% in revenue, 43.27% of the consolidated net profit after tax and rise 24.36% profit after tax of parent company. With this plan, FIT expected revenues will reach to 3,247 billion dong; consolidated profit after tax will be 438 billion, while profit after tax of parent company will be 305 billion.

With priorities policy investing to basic industries are: agriculture, food, beverages, pharmaceuticals, cosmetics ... FIT has owned many large, well known and good business platform enterprises such as Cuu Long Pharmaceutical Joint Stock Company (DCL), Agricultural Materials Engineering JSC (TSC), West food exports processing JSC (Westfood), TSC seeds Corporation, FIT Trading and Sao Nam ...

With the decision was agreed at the extraordinary shareholders' meeting, company Board of Director and Board of Management believed in the sustainable development, efficient operation of FIT together and company subsidiaries, and will raise benefit for shareholders.