In the ordinary shareholders’ meeting No. 1/2008, dated 24 April
2008, the meeting had a resolution unanimously to the Company to change
the policy of dividend payment to “not exceeding 60% of net profit after
income tax and to reserve legally and the Company shall not have
deficit; anyhow, in order to comply to the cash flow and business
expansion plan of the company in the future” while dividend payment
shall be paid as per amount of shares, each share equally.
The Company still has its deficit, causing incapability to pay the
dividend to the shareholders according to the law, while those
shareholders had risk of non-payment of dividend as per the dividend
policy determined since the company has net deficit.
The Company has a policy of granting shareholders to vote for one
share, one vote. (The company issued a first category is no ordinary
shares of preferred stock.)
The right to receive a share in profits / dividends. Is entitled to
perform equally. The Company Also gave shareholders the right to appoint
a committee to investigate., The right to appoint the Board of
Directors. To certify the performance of the company every year. The
right to approve the amendment and books BRIC criteria Junction. And the
right to approve the capital reduction or increase capital.
The Company recognizes the rights of shareholders. Supervised by
shareholders over the basic rights under the law. Including providing
information that is currently available through the Company’s website
The availability of the Management Discussion and Analysis (MD & A)
for an explanation of operating results for any quarter. And published
on the company website.