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OCH held successfully the Annual Shareholde’s Meeting 2011

Sunday , 20/11/2011 - 1:17am

On 26/4/2011, Ocean Hospitality & Service JSC (stock code : OCH) has successfully organized Annual Shareholder’s Meeting 2011 with the participation of the shareholders holding more than 87% of the shares. Accordingly, Business results of OCH in 2010 achieved total consolidated revenues 314 billionhas which was a remarkable growth ompared with 2009. Pre-tax  Profit  reached 108 billion dong, profit after tax reached over 75 billion. In 2010, Revenues of OCH was main from  real estate, food production and financial operations.

In 2010, OCH has completed  to increase its chartered capital to 1,000 billion and the successful listing on the Hanoi Stock Exchange. OCH also issued successfully 500 3-year bonds with  par value of 1 billion / share  in the form of separate bond. OCH has implemented five major projects: the 5-star International  Sunrise  Hoi An Resort and the  4 stars to 5 stars international chain of hotel   in the major cities of the country like StarCity Nha Trang, StarCity Westlake Hanoi, Saigon StarCity Airport. StarCity Hotel Saigon has officially put into operation and achieved positive results, providing a stable source of revenue for OCH. Recently, OCH has introduced Condotel StarCity Nha Trang project and get a lot of interest from investors.

For activities of the Enterprise Mergers and Acquisitions (M & A), in 2010,OCH govern completely subsidiaries like Saigon Givral Joint Stock Corporation-  with 96.92% of share capital and Investment Organization Corporation(IOC) with 74% of the equity. All companies controlled by OCH re good and profitable operation, building a strong brand in Vietnam.

Some indicators for OCH business plan in 2011:

- Capital: 1,000 billion dong

- Total turnover: 572 billion

-Pre-tax Profit : 150 billion

- Profit after tax: 113 billion

Dividends expected: 10%

OCH is a subsidiary of  Ocean Group – specializing in finance, banking, investment and real estate. With strategic vision, OGC are building a strong step toward the goal of becoming one of the multinational economic groups in Vietnam and affirmed its position in the gold integrated economic .

For more information, please contact:

Ms. Hoang Thuy Giang

OCH’s Public Relation

Mobile: 094.852.1369

Tel: 04-3772 7252 (ext: 122)

Ocean Hospitality.

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