TASECO Land plans to increase its ownership ratio of ICON4's charter capital to 35%

Fundamental change

The extraordinary general meeting of shareholders of Investment and Construction Joint Stock Company No. 4 (ICON4) held on the morning of October 15, 2020 officially voted with 100% to approve the content for Taseco Real Estate Investment Joint Stock Company - Taseco Land (a subsidiary of Taseco) to increase the ownership ratio of ICON4's charter capital to 35% without the need for a public offering procedure.

Extraordinary General Meeting of Shareholders of Investment and Construction Joint Stock Company No. 4 (ICON4) on the morning of October 15, 2020

It is known that the participation of shareholders Taseco Group and Taseco Land in recent years has gradually resolved difficulties for ICON4 with specific activities: restructuring the personnel apparatus in a professional and effective direction; fulfilling financial obligations to the state; resolving salary and social insurance regimes for employees in the company; building a safe and transparent financial foundation, ensuring the continuous operation of ICON4, creating more construction work for the company in projects invested by Taseco.

Also at this congress, the ICON4 General Meeting of Shareholders also approved the plan to issue private shares to 5 investors to increase charter capital from 160 billion VND to 320 billion VND.

Shareholders consider private share issuance plan to increase charter capital ICON4

The General Meeting of Shareholders also elected the Board of Directors of the Company for the 2020-2025 term, consisting of 5 members. Mr. Nguyen Thanh Son, Chairman of the Board of Directors of ICON 4, was re-elected as Chairman of the Board of Directors for the 2020-2025 term. The Supervisory Board of ICON 4 for the 2020-2025 term consists of 3 members, with 2 members re-elected.

Mr. Nguyen Kim Thanh was appointed by the Board of Directors of ICON4 as General Director for the 2020 - 2025 term to replace his predecessor, Mr. Nguyen Duc Ha, who returned to take up a new assignment at Taseco Land.

Open new directions

Explaining the reason why it is necessary to issue individual shares to increase charter capital instead of issuing to existing shareholders. Mr. Nguyen Thanh Son - Chairman of the Board of Directors of ICON4 said that because the Company's financial statements of the years have an exception from the auditor, it is not eligible to issue shares to the public.

Mr. Nguyen Thanh Son - Chairman of the Board of Directors of ICON4 discussed with shareholders about the Company's development plan.

The fact that investors registered 95% with nearly 16 million shares expected to be issued privately contributed to restructuring the financial foundation of ICON4, promoting production and business activities in the coming time from the previous main field of construction and installation to construction and real estate investment and business.

According to Mr. Nguyen Thanh Son, Chairman of the Board of Directors of ICON4, with the proposals approved by the general meeting of shareholders on October 15, 2020, ICON4 will restart the Company's potential real estate investment projects, notably the project "Southeast Housing Group on To Huu Street" in Hanoi.

Continuing the tradition

Mr. Dao Tien Duong - Deputy General Director of Taseco presented flowers to congratulate the members of the Board of Directors and Supervisory Board of ICON4 for the 2020 - 2025 term.

Investment and Construction Joint Stock Company No. 4, formerly Construction Company No. 4, was established on October 18, 1959. Over the past 60 years of construction and development, ICON 4 has made great contributions and achievements in the cause of building and defending the country. During the war, the Company participated in the construction of Kep Airport, Gia Lam Airport, Radio Station 69 - 14, Ha Bac Mechanical Factory, Xuan Mai Concrete Factory, Bim Son Cement Factory, Pha Lai Thermal Power Plant, Military Technical Academy, etc.

During peacetime, ICON4 has constructed typical projects such as the Government Office Meeting House, the National Assembly Office, the Cooperation and Investment Committee, the Hanoi Opera House, the National Library, the Melia Hotel 44 Ly Thuong Kiet, the Hanoi Drainage Project, Phase I - Ly Thai To Street, Bac Ninh, Ho Chi Minh Road, etc. and many other key projects.

Perspective of the Project "Southeast Housing Group of To Huu Street", Hanoi

Entering the period of the country's economy deeply integrating with the world, in 2005, the Company transformed from a state-owned enterprise model into a joint stock company, operating mainly in the field of general contracting for construction of civil, industrial, traffic, irrigation, postal, technical infrastructure works; power lines and transformer stations; interior and exterior decoration...

In recent years, the company has restructured production towards diversifying industries, multi-ownership, shifting service structure, combining investment with traditional construction, investing in large projects such as: Tam Dao Golf Course, ICON4 TOWER multi-purpose building, 345 Doi Can high-end residential and office area, Trung Van Urban Area... With fundamental changes in management methods and apparatus, the solidarity and unity of shareholders in the past is a solid foundation, creating new momentum for ICON4 in the coming years.

According to dautubds.baodautu.vn