Decision No. 09/2000/QD-TTg of the Government approving the plan to convert the Thu Duc Import-Export Trading Company into a joint-stock company with a charter capital of 14,000,000,000 VND, of which the State holds 40% and employees are given preferential rights to purchase 60%. The company operates in various industries related to import-export and trade.
적용 범위
The Thu Duc Import-Export Trading Company, employees within the company, the State, the People's Committee of Ho Chi Minh City, the Director and Board of Directors of the new joint-stock company.
핵심 사항
- The Thu Duc Import-Export Trading Company will be converted into a joint-stock company with a charter capital of 14,000,000,000 VND, of which the State holds 40% and employees are given preferential rights to purchase 60%.
- The full name of the joint-stock company is Thu Duc Import-Export Trading Joint-Stock Company (TIMEXCO).
- The company operates in various industries related to import-export and trade, including production and trading of processed forest products, agricultural aquatic and marine products, food, packaging materials, handicrafts, electrical machinery, raw materials, fuel, spare parts, construction materials, transportation equipment, import-export services, and trade.
- The Thu Duc Import-Export Trading Joint-Stock Company is a legal entity under Vietnamese law from the date of registration for business operation, implementing independent economic accounting, having its own seal, and being allowed to open bank accounts according to the provisions of the law.
- The Director and Chief Accountant of the Thu Duc Import-Export Trading Company are responsible for managing the enterprise until the entire company is handed over to the Board of Directors.
🌐 이 문서의 사회적 영향
- Employees in the company will be given preferential rights to purchase shares at a price lower than the market, creating opportunities to own capital.
- The company will operate under the Enterprise Law and new regulations, potentially enhancing business efficiency.
- This conversion may affect the employment of some employees if they are not supported with training or career redirection.
❓ 자주 묻는 질문
What will be the charter capital of the joint-stock company that the Thu Duc Import-Export Trading Company will be converted into?
The charter capital of the joint-stock company is 14,000,000,000 VND.
What will be the ratio of state-owned shares and employee shares in the company?
The ratio of state-owned shares is 40% of the charter capital, and the ratio of shares sold to employees and other entities outside the company is 60% of the charter capital.
What will be the full name of the new company?
The full name of the new company is Thu Duc Import-Export Trading Joint-Stock Company (TIMEXCO).
In which industries will the company operate?
The company will produce and trade in processed forest products, agricultural aquatic and marine products, food, packaging materials, handicrafts, electrical machinery, raw materials, fuel, spare parts, construction materials, transportation equipment, import-export services, and trade.
When will the new company be granted a business license?
This decision takes effect from the date of signing. The new company will be granted a business license from that time onwards.
전문
Pursuant to …;
Regarding the conversion of the Export-Import Trade Company of Thu Duc to a joint-stock company
export-import Thu Duc becomes 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 to joint-stock companies;
At the proposal of the Chairman of the People's Committee of Ho Chi Minh City,
DECISION:
Article 1. Approves the plan for the shareholding reform of the state-owned enterprise, the Export-Import Trade Company of Thu Duc, as proposed in Circular No. 5375/UBKT dated December 23, 1999 of the Chairman of the People's Committee of Ho Chi Minh City:
1. The Charter Capital of the joint-stock company: 14,000,000,000 VND
Where:
State shareholding ratio: 40% of the Charter Capital,
Shareholding ratio sold to employees within the company and other entities outside the company: 60% of the Charter Capital.
2. The actual value of the Export-Import Trade Company of Thu Duc (as decided by the Minister of Finance in Decision No. 1805/QD-BTC dated December 9, 1999) at the time of July 1, 1999 for shareholding reform is 31,836,759,060 VND, including the actual value of the state capital in the company amounting to 14,757,225,784 VND.
3. Preferential treatment for employees within the enterprise:
The total number of shares sold at a preferential price to employees within the enterprise is 24,000 shares; the preferential value amount is 720,000,000 VND.
Among which, the number of preferential shares sold to poor employees within the enterprise to be repaid gradually is 730 shares corresponding to 51,100,000 VND.
Article 2. Convert the state-owned enterprise, the Export-Import Trade Company of Thu Duc, to a joint-stock company:
Full name in Vietnamese: Thu Duc Trading and Import-Export Joint Stock Company.
International trade name: Thu Duc Trading and Import Export Joint Stock Company.
Abbreviation: TIMEXCO.
Head office: No. 191 Quang Trung Street, Hiep Phu Ward, District 9, Ho Chi Minh City.
Article 3. The Thu Duc Trading and Import-Export Joint Stock Company engages in production and business activities in the following sectors:
Production and trading of processed forest products, agricultural, aquatic, and seafood, foodstuffs, packaging materials, handicrafts, electrical machinery, raw materials, fuel, spare parts, construction materials, transportation means, export-import services, and trade.
Warehousing services.
Article 4. The Thu Duc Trading and Import-Export Joint Stock Company:
Is a legal entity under Vietnamese law from the date of registration for business operations, conducting business according to the registered license, implementing independent economic accounting systems, having its own seal, and being allowed to open bank accounts in accordance with the law. It operates according to the Company Charter and the Enterprise Law.
The Director and Chief Accountant of the Export-Import Trade Company of Thu Duc are responsible for managing and operating the enterprise until the entire company is handed over to the Board of Directors and General Director of the Thu Duc Trading and Import-Export Joint Stock Company.
Article 5. This Decision takes effect from the date of signature. Any previous decisions contrary to this Decision are hereby abolished. The Chairman of the People's Committee of Ho Chi Minh City, the Director of the Export-Import Trade Company of Thu Duc, and the Board of Directors of the Thu Duc Trading and Import-Export Joint Stock Company are responsible for implementing this Decision./.
VICE-PRESIDENT OF THE GOVERNMENT
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