AsemconnectVietnam - IDI Multinational Development and Investment Joint Stock Company (IDI code – HoSE) approved the plan to go backwards in 2023 and not pay dividends in 2022.

IDI Multinational Investment and Development has just announced the document of the 2023 Annual General Meeting of Shareholders, which is scheduled to be held on April 15, 2023 in An Giang.
In 2023, IDI Multinational Investment and Development sets a business plan with revenue of VND8,133 billion, up 2.6% over the same period and expected profit after tax of VND186 billion, down 66.7 % compared to realized in 2022.
Regarding dividend policy in 2022, IDI Multinational Investment and Development submits shareholders not to pay dividends and uses this money to reinvest and supplement capital for production and business activities. In 2023, the dividend is expected to be from 5% to 10%, the form of payment is cash or shares.
It is known that at the 2022 Annual General Meeting of Shareholders, IDI Multinational Investment and Development approved the dividend in 2021 at the rate of 15% and the dividend in 2022 expected in cash at the rate of 30%.
Thus, at the end of fiscal year 2022, IDI Multinational Investment and Development has lowered the dividend from 30% to 0%.
Regarding the leadership, IDI Multinational Investment and Development submitted to shareholders to dismiss Mr. Le Van Chung from the position of BOD member (who submitted his resignation on March 23). At the same time, submit to shareholders to elect Mr. Le Tuan Anh to the position of Vice Chairman of the Board of Directors to replace Mr. Le Van Chung.
According to research, Mr. Le Tuan Anh was born in 1994, holds a master's degree in economics, the son of Mr. Le Thanh Thuan, General Director of Sao Mai Group (the parent company of IDI Multinational Investment and Development).
N.Nga
Source: VITIC/Tinnhanhchungkhoan