Decision No. 07/2000/QĐ-TTg stipulates the conversion of La Ngà Sugar Company into La Ngà Sugar Joint Stock Company, including the shareholding ratio, the actual value of the enterprise, benefits for employees, and business operations.
적용 범위
La Ngà Sugar Company, Ministry of Agriculture and Rural Development, Second Sugarcane Corporation, Board of Directors of La Ngà Sugar Joint Stock Company, Director of La Ngà Sugar Company.
핵심 사항
- La Ngà Sugar Company is converted into a joint stock company with a charter capital of 82 billion VND, of which the state holds 35%, employees within the enterprise hold 40%, and sugarcane growers hold 25%.
- The actual value of La Ngà Sugar Company is 115,587,223,102 VND, of which the state's capital portion is 81,699,340,049 VND.
- Employees are given preferential rights to purchase shares totaling 501,900 shares: 351,900 for employees within the enterprise and 150,000 for sugarcane growers.
- After the privatization process, La Ngà Sugar Company uses proceeds from the sale of shares to train staff, resolve policies, and provide subsidies for redundant labor.
- La Ngà Sugar Joint Stock Company has the right to choose the highest benefit from Decree No. 44/1998/NĐ-CP or Decree No. 51/1999/NĐ-CP.
🌐 이 문서의 사회적 영향
- Creating opportunities for employees to participate in ownership of the company, enhancing work motivation.
- Improving the efficiency of enterprise management through the form of privatization.
- Reducing training costs and subsidies for redundant labor.
❓ 자주 묻는 질문
What is the charter capital of La Ngà Sugar Company?
The charter capital of La Ngà Sugar Company is 82 billion VND.
What are the ratios of state-owned shares and employee shares within the company?
The state-owned share ratio is 35% of the charter capital, while employee shares within the enterprise account for 40%.
What is the actual value of La Ngà Sugar Company?
The actual value of La Ngà Sugar Company is 115,587,223,102 VND.
How many shares are employees entitled to purchase at a preferential rate?
Employees are entitled to purchase a total of 501,900 shares preferentially, of which 351,900 are for employees within the enterprise and 150,000 are for sugarcane growers.
From which decree does La Ngà Sugar Company benefit?
La Ngà Sugar Company has the right to choose the highest benefit from Decree No. 44/1998/NĐ-CP or Decree No. 51/1999/NĐ-CP.
전문
Pursuant to …;
Regarding the conversion of the La Nga Sugar Company into the La Nga Sugar Joint Stock Company
La Nga Sugar Company into the La Nga Sugar Joint Stock Company
___________________
PRIME MINISTER
Pursuant to the Government Organization Law dated September 30, 1992;
Pursuant to Decree No. 44/1998/NĐ-CP dated June 29, 1998 of the Government on converting state-owned enterprises into Joint Stock Companies;
Pursuant to Decree No. 51/1999/NĐ-CP dated July 8, 1999 of the Government detailing the implementation of the Law on Encouraging Domestic Investment (amended) No. 01/1998/QH10;
At the request of the Minister of Agriculture and Rural Development,
DECISION:
Article 1. Approves in principle the plan for the privatization of state-owned enterprises: The La Nga Sugar Company under the Ministry of Agriculture and Rural Development, based on the proposal in Circular No. 4516/BNNTCCB dated December 9, 1999 of the Minister of Agriculture and Rural Development, as follows:
1. Registered capital: 82 billion VND.
Of which: State shareholding ratio: 35% of registered capital,
Shareholding ratio sold to employees within the enterprise: 40% of registered capital,
Shareholding ratio sold to sugarcane growers supplying cane to the enterprise: 25% of registered capital.
2. Actual value of the La Nga Sugar Company for privatization: 115,587,223,102 VND, of which the actual value of the state's capital in the enterprise: 81,699,340,049 VND.
3. Benefits for employees:
Total number of shares at preferential prices for employees: 501,900 shares
Where:
Number of preferential shares for employees within the enterprise: 351,900 shares.
Number of preferential shares sold to sugarcane growers supplying cane to the enterprise: 150,000 shares.
Total amount of benefits: 15,057,000,000 VND.
4. After the conversion, the enterprise may use proceeds from the sale of shares as follows:
Training and retraining for employees: 580,000,000 VND.
Policy resolution: 325,000,000 VND.
Subsidies for surplus labor: 150,000,000 VND.
5. Based on the preferential regimes stipulated in two Decrees: No. 44/1998/NĐ-CP dated June 29, 1998, No. 51/1999/NĐ-CP dated July 8, 1999 of the Government: The La Nga Sugar Company, after being converted into a joint stock company, may choose to enjoy the highest benefits from one of these two Decrees and register with the local tax authority.
Article 2. Convert the state-owned enterprise: The La Nga Sugar Company into a joint stock company from January 1, 2000.
Full name in Vietnamese: La Nga Sugar Joint Stock Company.
International trade name: LANGA SUGAR CANE AND SUGAR JOINT STOCK COMPANY.
Main office: La Nga Commune, Dinh Quan District, Dong Nai Province.
Article 3. The La Nga Sugar Joint Stock Company engages in the following industries and trades:
Sugar industry, confectionery, alcohol, molasses.
Processing of sugar by-products.
Production of alcoholic and non-alcoholic beverages, ice.
Processing of agricultural and forestry products.
Production of synthetic microbial fertilizers.
Processing of animal feed.
Crop cultivation and livestock breeding.
Civil construction, industrial construction, transportation and small water conservancy projects, production and trading of construction materials.
Services: transportation, mechanical engineering, supply of raw materials and product consumption, production and supply of plant and animal seeds.
Direct import and export.
Article 4. The La Nga Sugar Joint Stock Company
Is a legal entity under Vietnamese law from the date of registration for business operations, implementing independent economic accounting, having its own seal, and opening bank accounts according to the law. Operates according to the Articles of Association of the Joint Stock Company and the Enterprise Law.
The Director and Chief Accountant of the La Nga Sugar Company are responsible for managing the business until the handover to the Board of Directors and General Manager of the La Nga Sugar Joint Stock Company.
Article 5. This Decision takes effect from the date of signature. Abolish previous Decisions that conflict with this Decision. The Minister of Agriculture and Rural Development, the Board of Directors of the Second Sugar Corporation, the Director of the La Nga Sugar Company, and the Board of Directors of the La Nga Sugar Joint Stock Company are responsible for implementing this Decision.
VICE-PRESIDENT OF THE GOVERNMENT
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