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Vinalines replaces the entire Board of Directors of Quy Nhon Port Company after receiving 75% of the shares.



Mr. Pham Anh Tuan – Deputy Director of Vietnam Shipping Company (Vinalines) was elected Chairman of the Board on behalf of Le Hong Thai.

On June 29, Quy Nhon Port Joint Stock Company held a shareholders' meeting after transferring a 75.01% stake to Vietnam's Vinalines, with a carryover amount of 415 billion baht. 5, according to the instructions of the government.

Parliament has reviewed and approved the resignation of all five directors and has elected five new members, including Pham Dang Cao, Nguyen Quy Ha, Phan Tan Linh, Ly Quang Thai and Pham. Tuan. At the same time, we reviewed and approved the resignation report of the three-member Supervisory Board and elected a new Supervisory Board.

As a result, Pham Anh Tuan, deputy director of Vinalines of Vietnam, was elected Chairman of the Board of Directors. Le Duy Cuong is in charge of the control panel.

Vinalines Secretary General Pham Anh Tuan (third from left) has been chairman of the Quy Nhon Port Joint Stock Company since June 29. Photo: Van eye

Vinalines Secretary General Pham Anh Tuan (third from left) has been chairman of the Quy Nhon Port Joint Stock Company since June 29. Picture : Half an eye

The meeting also dismissed Le Hong Thai as the governor today and appointed Pham Tuan Linh as Mr. Lee. I have agreed to be appointed General Manager of Thai's five-year term.

Immediately after his disapproval, Le Hong Thai felt soft and calm before his achievement was achieved. With dedication and dedication, over the past five years, all port management and staff efforts have made progress in all aspects of Quinon Harbor.

Previously, Quy Nhon Port Joint Stock Company said in its report on its business activities in 2018 that cargo throughput at the port surged 16 percent from 8.3 million tonnes to 2017, up 8 percent from the next. plan; Total revenues increased by 28.3% over VND of 728 billion VND, reaching 115% of the plan allocated by the shareholders' meeting.

Tax transfer profits reached 109.2% of the plan, which was up 28% from 2017 to over $ 120 billion. As of December 31, 2010, total assets were over VND 664 billion, up 72.4 billion from the beginning of the year.

In 2013, Quy Nhon Port has been renamed as a joint venture named Quy Nhon Port Joint Stock Company. Total capital is 404 billion yuan. Vinalines hold more than 75% and the remaining shareholders hold 24.9%. However, after that, the holdings of Vinalines were transferred to Hop Thanh Company.

At the end of 2018, the public prosecutor concluded that Quy Nhon harbor equilibrium has many points that are not in compliance with the regulations, and therefore suggested that the Ministry of Transportation be able to recover more than 75% of the shares in the port of Quy Nhon. For Hop Thanh Company.

After that, the Department of Transport withdraws two documents that do not comply with state regulations on the equilibrium of Quy Nhon Port, relocates it with Vinalines and transfers it to the state.

On May 30, Vinalines transferred VND 41.5 billion to receive a 75.01% stake in Quy Nhon Port. This is the amount that the Hop Thanh Company spent five years ago to buy this stock. After purchasing Quy Nhon Port, the amount invested by investors to invest in the project item has not been settled because it waits for an independent evaluation.

The Hop Thanh Company, which had previously implemented the Department of Transportation guidelines for the transfer of 75.01% of the charter capital to Vinalines, actively conducted an assessment of Cong's legitimate interests. Company (Quy Nhon Port value increase and decrease). Participate in management and harbor operations to harmonize the interests of the country and investors.

After the calculation, Hop Thanh Company proposed a payment value plan when transferring 75.01% of Quy Nhon Port's charter capital to Vinalines. It is over 710 billion VND. Of that amount, $ 415 billion was paid to Vinalines to transfer 75.01% of Quy Nhon Port's charter capital with the purchase price of Ship Thanh Company, while the remaining $ 33.6 billion was paid to the Company's legitimate interests to be. The company is in the port management and operational phase (investment and purchase value, post-leveling procurement, investor's opportunity cost …).

According to Quy Nhon Port Joint Stock Company's report, during the period of equilibrium (2014-2018), general economic indicators are very volatile, but high growth rates, profits and returns are all achieved. High growth rate. Specifically, the average income after leveling reached VND 552 billion a year (47% greater than before 2010-2013 equilibrium); The pre-tax profit averaged 330% increase (annualized from 20.7 billion to 89 billion). Similarly, average after-tax revenues increased sharply from 40 billion VND to 407%.

Quy Nhon Port is one of the nation's general ports and is one of the regional clusters (Type 1) of the South China Sea Harbor Group with 20 million 360 warehouses, 12,000 square meters yards and 48,000 square meters container yards. This port has six piers with a total length of 824 m and can receive ships of 30,000 DWT at normal frequencies. The cargo throughput in 2015 is 7.5 million tons.

Zhongshan


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