VINACAPITAL: Đại hội cổ đông bác bỏ kế hoạch mua lại CP của DonLam

lỗ sặc , ai dám cho nó mua nữa.

Đợt họp này Vinacapital đưa ra 14 điểm bị bác 3 điểm liên quan đến kế hoạch mua lại CP va tăng lương cho ban điều hành: 5,8,9



1.
Special Resolution to change the name of the Company to VinaCapital Vietnam Opportunity Fund Limited.
2.
Ordinary Resolution to increase the Company?Ts authorised share capital.
3.
Special Resolution to make certain minor amendments to the Company?Ts Memorandum of Association
4.
Special Resolution to make certain minor amendments to the Company?Ts Articles of Association.
5.
Special Resolution to amend the Company?Ts Articles of Association in relation to directors'' fees.
6.
Special Resolution to amend the Company?Ts Articles of Association in relation to the holding of shares in uncertificated form.
7.
Special Resolution to amend the Company?Ts Articles of Association in relation to the transfer of shares.
8.
Special Resolution to amend the Company?Ts Articles of Association in relation to the redemption and repurchase of shares.
9.
Special Resolution to amend the Company?Ts Articles of Association in relation to the establishment of a Share Purchase Subsidiary.
10.
Special Resolution to amend the Company?Ts Articles of Association in relation to the treatment of untraced members.
11.
Special Resolution to amend the Company?Ts Articles of Association in relation to the notification by shareholders of their interest in the Company?Ts shares when they exceed certain thresholds.
12.
Special Resolution to amend the Company?Ts Articles of Association in relation to the request of certain information from shareholders.
13.
Special Resolution to amend the Company?Ts Articles of Association in relation to scrip dividends.
14.
Special Resolution to amend the Company?Ts Articles of Association in relation to directors?T insurance

Kô có điểm nào liên quan đến thoái vốn nhỉ ?

VinaCapital Investment Management Ltd,
Investor Letter, 22 September 2008
Dear Investors,
The recent volatility in global markets, including the market here in Vietnam, has been a testing time for many people. We can assure you we appreciate this. I am writing now to keep you informed of our position in these volatile but exciting times.
As you know, the investment strategy of VinaCapital?Ts funds is to concentrate on investments that will capitalise on Vietnam?Ts medium to long-term growth. We remain committed to this objective and, notwithstanding Vietnam?Ts status as an ?oemerging market?, we strongly believe that this country continues to present an outstanding investment opportunity.
Despite the global turmoil, Vietnam is currently seeing very positive signs that indicate the economy is starting to recover from the two-month downturn experienced earlier this year. These signs include:
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The inflation rate has declined month-on-month. It stood at 1.6 percent in August and is expected to be much lower in September;
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The Vietnamese dong has stabilised against the US dollar and is essentially unchanged from the beginning of the year;
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Interest rates have fallen over the last few months and we believe further interest rate declines are likely to occur on the back of lower government bond yields; and
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Short-term government bond yields have declined to 15.5 percent from highs of 23 percent. We expect these yields will decline further as larger banks build up cash positions as a result of the government-imposed credit growth limit of 30 percent for 2008.
Although, we expect that there will be some spill-over of the current global economic challenges into Vietnam, we believe that the effects will be much lighter than experienced in other economies. This is due to:
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Vietnam?Ts lack of integration with the global financial world, lower exposure to problem investments and institutions, and lower leverage ratios should keep it on the sidelines of the financial storms;
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Vietnam?Ts fledgling financial services industry and eight-year old stock market do not trade derivatives;
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Domestic consumption will continue to grow as the country modernises; and
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Despite a worldwide economic slowdown that will affect Vietnam?Ts exports to some extent, the effects are limited when compared with other Asian countries
1
due to Vietnam?Ts relatively cheap exports that are often substitutes for more expensive exports from other countries.
The markets
As a result of the improvements mentioned above, the Vietnam Index rose 48 percent from its low of 366 points in mid-June to 539 points at the end of August 2008. However the catastrophic global events of the past week have reversed much of the gains seen in August. The Vietnam Index was at 417 points as of 18 September, a fall of 23 percent since the end of August.
This recent decline is due to foreigner investors retreating from their Vietnam positions, while at the same time domestic investors are holding off and taking a wait-and-see approach. This has resulted in daily trading volumes dropping 50 percent over the last few days. With continued uncertainty, the market will likely continue to soften, but we do not believe it will fall below the low set in June.
Vietnam Opportunity Fund Ltd
VOF?Ts current strategy is to (1) continue to recycle cash, as we have done over the last 6-9 months; (2) manage the deployment of cash into private equity, which offers better terms; and (3) focus on those companies that better manage themselves during this time of uncertainty. Although the decline in listed and OTC share prices will likely have an impact on VOF?Ts NAV during September we believe that the risk of a further considerable downside is low due to the quality of the underlying investments and prudent valuation practices adopted by the Fund. We continue to believe that the portfolio is one of the highest quality covering the Vietnam market and perseverance through this period of uncertainty should reward investors handsomely.

Nó thoái vốn dần và nâng Cash lên từ 6-9 tháng trước các kụ ạ! Nhưng bây giờ nó có tiền đỉnh giải ngân vào mấy mã ngon giá rẻ thì cổ đông say NO