On April 27th, Dabaco Vietnam Group Joint Stock Company (stock code DBC) successfully organized the 2024 Annual General Meeting of Shareholders (AGM) with the participation of 294 shareholders and authorized representatives, representing 53.59% of DBC’s charter capital.
In line with the motto “homegrown products,” Dabaco presented each participating shareholder with five 1-liter bottles of cooking oil produced by the group, including Coba soybean oil and nutritious oil, Umi soybean oil, Good Fry premium vegetable oil, and Green Ace soybean oil. Dabaco is estimated to have distributed nearly 1,500 liters of cooking oil to shareholders attending the AGM.
Many shareholders expressed their excitement over the practical gift. In addition, Dabaco shareholders were updated on a wide range of information regarding the group’s operations, such as pig herd productivity, the progress of the vaccine factory, and the inauguration date of the phase 2 oil extraction plant.
This year, Dabaco plans to achieve a business target with a revenue (including internal revenue) of VND 25,380 billion, representing a 14% increase compared to last year’s performance. The target profit after tax is estimated at VND 729.8 billion, 29 times higher than the result achieved in 2023. Speaking at the AGM, Chairman of the Board of Directors Nguyen Nhu So emphasized that the 2024 plan must be completed.
As of the present day, the season for the 2024 Annual General Meetings of Shareholders has essentially come to an end, with most enterprises having completed the organization of the most important meeting of the year (except for a few cases that have requested an extension). Similar to previous years, many unique and diverse gifts have been prepared by enterprises to show gratitude to their shareholders, while also encouraging shareholder participation.
Also following the “homegrown products” motto, PAN Group (PAN) implemented a gratitude program for both individual and institutional shareholders holding 25,000 PAN shares or more at the record date for attending the 2024 Annual General Meeting of Shareholders. The program includes products from the group such as 50kg of Vinaseed rice, six bottles of premium 584 Nha Trang fish sauce, and a gift box containing various PAN products, including Lafooco cashew nuts and dried fruit, Bibica confectionery, and SHIN coffee.
Similarly, Viettel Construction (CTR) also presented shareholders attending the 2024 Annual General Meeting of Shareholders held on April 22nd with an envelope containing a voucher for a 10% discount on maintenance, repair, and installation services for air conditioners, refrigerators, washing machines, water heaters, etc., along with a box of chocolates.
Some other enterprises expressed their gratitude to shareholders in the form of cash, a prime example being DIC Corp (DIG). Accordingly, shareholders owning 1 million DIG shares or more were presented with VND 10,000,000 per shareholder for attending the AGM. For shareholders holding less than 1 million shares, the amount received will correspond to the number of shares multiplied by VND 10 per share. The program was applicable to both shareholders attending in person and virtually.
Previously, on April 24th, Ho Chi Minh City Infrastructure Investment (CII) also showed gratitude to its shareholders with cash. Depending on the number of shares owned by shareholders entitled to attend the meeting, shareholders attending in person or by proxy received a gift of gratitude in the form of a bank transfer from the meeting organizers.
Shareholders of the two banks, MB (MBB) and SHB, also received envelopes containing cash when attending the 2024 Annual General Meeting of Shareholders, in the amounts of VND 500,000 and VND 200,000, respectively. From a certain perspective, cash can also be considered a “homegrown product” gift in the case of banks.
Meanwhile, another bank, Sacombank (STB), chose gold to express gratitude to shareholders attending the Annual General Meeting of Shareholders in Ho Chi Minh City. Accordingly, each shareholder of the bank received half a tael of 24K Thần Tài gold bars from Sacombank – SBJ Gold and Jewelry Company.
Perhaps the most interesting approach was taken by Bamboo Capital (BCG), which organized a gratitude program for shareholders attending the 2024 Annual General Meeting of Shareholders (virtually) called “BCG – Courageous Solidarity.” The program featured a lucky draw with high-value prizes such as SJC gold, iPhone 15 Pro Max phones, iPad Air 5 tablets, and cash.
Overall, each enterprise has a different way of expressing gratitude to its shareholders. The gifts at the AGM, regardless of their material value, bring joy to the attending shareholders, especially those who travel from afar. Nevertheless, the candid sharing of information about the business situation and development strategy by the management team is perhaps the most meaningful gift for shareholders.
