Tiếng Việt

PVOIL successfully organized the first General Meeting of Shareholders

According to the Prime Minister's Decision No. 1979/QĐ-TTg dated December 08th 2017, PVOIL actively implemented the equitization process. On January 25th 2018, PVOIL successfully held the public auction of initial public offering (IPO) with the volume of nearly 207 million shares, accounting for 20% of the Company's chartered capital. The total offering value of PVOIL reached over VND 2,770 billion and was registered by both domestic and foreign investors; the volume registered to buy over 483 million shares, was around 2.33 times the volume offered. On March 07th, 2018, the number of shares mentioned above was officially traded on UPCoM with the stock code: OIL.

Continuing the equitization process, PVOIL held the first General Meeting of Shareholders of Petrovietnam Oil Corporation at 08:30 a.m on July 30th 2018 at Lotte Legend Saigon Hotel (2A Ton Duc Thang Street, District 1, Ho Chi Minh City).
Attending the meeting were representatives of the Office of the Government, the Ministry of Industry and Trade, the Ho Chi Minh Stock Exchange and Petrovietnam (PVN). Attending the meeting was 171 shareholders, holding 945,547,663 shares directly or authorized, accounting for 91.43% of charter capital.

After the procedures of the opening of the congress, the General Assembly heard Mr. Cao Hoai Duong – President & CEO of PVOIL authorized by the Equitization Steering Committee of PVOIL reported summarizing the equitisation process of PVOIL.

At the meeting, the shareholders presented and voted through the following submissions: (1) A submission about Organisation and Operationsof Petrovietnam Oil Corporation - Joint Stock Company; (2) A submission aboutthe number of members of the Administrator, the first term Board of Supervisors; (3) A submission about the internal administrative regulation; (4) A submission about the production and businessplan in 2018; (5) A submission aboutthe plan of payment, fee and budget of the Board of Management and the Supervisory Board; (6) A submission aboutchoose auditing unit of Financial Report in 2018; (7) A submission aboutthe Ownership ratio of external investors.

About the introduction of candidates for the Board of Management, PVOIL’s Supervisory Board for the first term (2018 - 2022), the shareholders of Vietnam Oil and Gas Group introduced 06 candidates for the Board of Management; introduce 03 candidates for the Supervisory Board. Shareholders/group of shareholders authorized Vietjet Aviation Joint Stock Company to introduce 01 candidate for the Board of Management.


Results of election of the Board of Management are as follows:
1. Mr. Cao Hoai Duong
2. Mr. Hang Anh Minh
3. Mr. Tran Hoai Nam
4. Mr. Le Van Nghia
5. Mr. Le Ngoc Quang
6. Mr. Nguyen Viet Thang
7. Mr. Nguyen Hoang Tuan


Results of the election of the Supervisory Board are as follows:
1. Mr. Nguyen Duc Ken
2. Ms.Tran Thi Phuong
3. Mr. Pham Thanh Son


The Board of Management, the first term PVOIL’s Supervisory Board has conducted the first meeting to elect the Chairman of the Board of Management, appoint the President & CEO and elect the Head of Supervisory Board. The following results:

Mr. Nguyen Hoang Tuan was elected as the Chairman of the Board of Management.
Mr. Cao Hoai Duong was appointed as the President & CEO.
Mr. Nguyen Duc Ken was elected as Head of Supervisory Board.


On behalf of the Board of Management and the first term Supervisory Board of PVOIL (2018 - 2022), Mr. Nguyen Hoang Tuan was presented to the General Assembly. Immediately after the congress, PVOIL will conduct business activities and transform its operating model into joint stock company from August 1th 2018.

The first General Meeting of Shareholders of Petrovietnam Oil Corporation in the picture illustrated below:


 

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