Vimeco Shareholders' Meeting: Do not lose your strengths when Vinaconex divests capital

ANTD.VN - Vimeco's leaders affirmed that despite the divestment, Vinaconex will still need Vimeco's own potential and strengths. The advantages will not be affected, on the contrary, Vimeco will also be more proactive in its production and business activities.

The 2025 Annual General Meeting of Shareholders of Vimeco Joint Stock Company (stock code: VMC) was successfully held on March 18, 2025.

The meeting was attended by 18 shareholders, representing more than 18 million shares, equivalent to 70.4% of the company's charter capital.

This year's Vimeco Annual General Meeting of Shareholders took place in the context of the company's recent changes in its ownership structure. On December 23, 2024, the Construction and Import-Export Joint Stock Corporation (Vinaconex) successfully sold all 12.1 million registered VMC shares by negotiation, reducing its ownership ratio at Vimeco from 51.41% (equivalent to 13.4 million shares) to 5% (equivalent to 1.3 million shares). Accordingly, Vimeco is no longer a subsidiary of Vinaconex.

Vimeco Joint Stock Company's General Meeting of Shareholders took place successfully

At the Congress, one of the issues that shareholders were concerned about was how Vinaconex's divestment would affect Vimeco and whether Vimeco would lose the advantages it had when it was still a member of Vinaconex.

Responding to shareholders, the Board of Directors affirmed that in addition to ownership, the relationship between Vinaconex and Vimeco is also that of being a long-term strategic partner. Vinaconex still has Deputy General Director - Mr. Tran Dinh Tuan participating in the Board of Directors of Vimeco.

Vinaconex will still need Vimeco’s own potential and strengths. The advantages will not be affected, on the contrary, Vimeco will be more proactive in its production and business activities.

Regarding production and business activities, reporting to shareholders, Mr. Dang Van Hieu - General Director of Vimeco said that in 2024, the Company recorded revenue of 1,118 billion VND, equal to 92% of the plan. Pre-tax profit reached 8.55 billion VND, reaching 74% of the plan.

Although the targets set for 2024 were not completed, Vimeco leaders said that the Company's production and business activities still had stable profits, with consolidated revenue and parent company revenue in 2024 continuing to reach over VND 1,100 billion.

According to Vimeco leaders, the reason for not completing the targets is mainly due to lower construction revenue than planned for some projects, and the construction progress is delayed and slow.

Regarding the 2025 business plan, Vimeco's Board of Directors set a target of total consolidated revenue of VND 1,160.28 billion, an increase of 3.77% compared to the 2024 results.

Pre-tax profit and after-tax profit increased by 10.52% and 26% to VND9.45 billion and VND4.05 billion, respectively.

In 2025, the Company will continue to focus on construction and real estate sectors.

Typical construction projects will continue to be implemented such as: North-South Expressway section Vung Ang - Bung, North-South Expressway section Van Phong - Nha Trang, Ha Giang - Tuyen Quang Expressway phase 1, Hoa Binh - Mong Cai Boulevard Urban Area phase 2, Bang Lang Hai Duong Urban Area Project...

The company also continues to deploy a number of bidding packages belonging to the Tuyen Quang - Ha Giang Expressway projects, Long Thanh airport...

Regarding real estate investment and business activities, the Company will continue to research investment projects and cooperation plans with a number of investors with economic potential, promote research, finance planning, and propose investment in real estate projects in provinces and cities across the country such as Hanoi, Bac Ninh, and Kon Tum .

New Chairman of Vimeco Board of Directors Tran Dinh Tuan (third from right)

At the meeting, 100% of shareholders voted in favor of approving the plan to issue 2,613 million shares to increase share capital from equity capital with an issuance rate of 10%.

After completing the issuance, Vimeco will increase its charter capital from VND261.3 billion to VND287.5 billion.

The Congress also approved the resignation of Chairman Duong Van Mau and member Nguyen Khac Hai from the Board of Directors; the resignation of Nguyen Tien Khanh from the Supervisory Board; and elected additional members of the Board of Directors, Mr. Vu Minh Hoang and Mr. Nguyen Dac Truong, and the Supervisory Board candidate, Ms. Nguyen Thi Thuy Linh.

Source: https://www.anninhthudo.vn/dhdcd-vimeco-khong-danh-mat-the-manh-khi-vinaconex-thoai-von-post606439.antd