VICONSHIP disclosed a resolution of the Board of Managements (BOM)

Vietnam Container Shipping Joint-stock Company (VICONSHIP) disclosed a resolution of the Board of Managements (BOM):

1- The BOM unanimously approved the report on business operations in the first six months of 2010:

- Revenue:                     VND203,345,048,397

- Profit before tax:          VND75,987,464,009

- Reached 101.32% of the expected profit of the whole year 2009.

2- The BOM unanimously passed the plan of issuing bonus shares to current shareholders.

- Ratio: 4 : 1

- Source for the issuance: VICONSHIP’s Investment & Development Fund.

- Authorizing the Managing Board to fulfill the procedures of the issuance.

3- The BOM approved to pay USD2.8 million for ACX KOHUTO, a container ship with capacity of 5,946 DWT. Moreover, the company are seeking to buy another container ship with basic parameters similar to ACX KOHUTO at about USD3 million.

4- Adjusting the business plan for 2009:

- Revenue: from VND300 billion to VND360 billion

- Profit before tax: from VND75 billion to VND115 billion