On November 1, 2019, Deo Ca Transport Infrastructure Investment Joint Stock Company (DII) organized the 2nd Extraordinary General Meeting of Shareholders in 2019 in Da Nang City.Attending the meeting were the members of the boards such as Administration, Management, Supervisor, Advisors, the shareholders, the Chief / Deputy Head / Division of the company and guests.
The congress heard the report and agreed on the adjustment of investment capital for production and business; through the capital raising plan, focusing on main industries, reducing a number of industries and fields that are less effective ... in order to enhance production capacity, expand business scale.
Mr. Ho Minh Hoang - Chairman of the Board manages the meeting.
At the meeting, Mr. Ho Minh Hoang - Chairman of Deo Ca Transport Infrastructure Investment Joint Stock Company shared with the congress about a different strategy. The article shared the process of formation and development of the company through each stage, as well as the challenges in the current period. The Chairman outlined DII's development strategy in stages, and development orientation in the next phase in order to bring the Company to a stronger and stronger development.
In 2019, with a high growth rate and a series of investment projects being implemented, the company's original operating model was no longer appropriate, the BOM decided to proceed with the financial restructuring. Up to now, the company is contributing in 06 companies in the field of infrastructure, including 03 subsidiaries and 03 associated companies. The total capital invested in these companies is nearly VND 2,500 billion to invest in key projects of national and regional level.
View of the congress
With the orientation of developing into an Investment Group in the field of transport infrastructure and providing services and technologies on transport infrastructure. The company will flexibly use a variety of financial tools to mobilize and recover capital such as transferring projects to the state (BT), taking the right to collect fees (BOT), advancing investment capital for the project to transfer the right to collect, buy / resell shares of BOT project companies, use financial leverage: sell future cash flow to banks or insurance companies ..., issue stocks through IPO or issuing additional shares of project enterprises.
Also at the meeting, Mr. Nguyen Xuan Huong - Vice Chairman cum General Director on behalf of the Board of Directors reported on the implementation of the contents approved at the 1st Extraordinary General Meeting of Shareholders (on 26 / 07/2019). Accordingly, the Company has completed the procedures for registration of changes in business registration certificates and notified to partners, suppliers, customers and related parties. At the same time, the Company has submitted the dossier of changing the securities trading code from "HHV" to "DII" and has received the transfer of shares as well as investing in 05 projects including: Phuoc Tuong road tunnel construction project. - Phu Gia; projects of road tunnels through Deo Ca (including Deo Ca & Co Ma tunnels, Cu Mong tunnel, Hai Van tunnel); Bac Giang - Lang Son expressway project; the Hanoi - Lang Son expressway project, the section of Huu Nghi - Chi Lang; expansion project of NH1, section Km1374 + 525 - Km1392 and Km1405 - Km1425 through Khanh Hoa province.
With relentless efforts and achievements over 40 years of formation, development and contributions in the industrialization and modernization of the country, Deo Ca Transport Infrastructure Investment Joint Stock Company has been awarded the Third-class Labor Medal (1995) and the State and the Second-class Labor Medal (2013) by the Party.
Minh Anh