VNStockNews.com - In its 2010 business plan, Gemadept Joint Stock Co (coded GMD) is expected to achieve whole-year revenue of 1.8 trillion dong, profit after tax of 230 billion dong and to increase chartered capital to one trillion dong. The company's shareholders have already approved the afore-mentioned business plan in the annual shareholders meeting lately.
In addition, the company's shareholders also passed the plan for issuing no more than 413,000 convertible corporate bonds with face value of one million dong for purpose of exchanging the shares of Nam Hai Port Joint Stock Co in 2010. If the converting ratio is 70 percent, the company's combined profit after tax would be increased by additional 38.5-45.5 billion dong.
At the same time, the company announced its plan to make investment in Laos and Cambodia in the sectors of constructing infrastructure facilities, seaports.
