Decision No. 102/2004/QĐ-BCN on the conversion of the Southern Installation and Construction Workshop under the Installation Corporation into the Southern Installation and Construction Joint Stock Company

Decision No. 102/2004/QĐ-BCN of the Ministry of Industry on the conversion of the Southern Installation and Construction Workshop into the Southern Installation and Construction Joint Stock Company, stipulating the charter capital structure, benefits for workers, business sectors, and implementation steps.

Số hiệu102/2004/QĐ-BCN
Loại văn bảnDecision
Cơ quan ban hànhMinistry of Industry and Trade
Người kýNguyễn Xuân Thuý — Thứ trưởng
Cập nhật30/06/2026
NgànhLabour, War Invalids and Social Affairs
Lĩnh vựcUncategorized
Ngày ban hành28/09/2004
Ngày áp dụng19/10/2004
Ngày hết hiệu lực
Tình trạngIn effect
✦ Tóm lược thông minh

Decision No. 102/2004/QĐ-BCN of the Ministry of Industry on the conversion of the Southern Installation and Construction Workshop into the Southern Installation and Construction Joint Stock Company, stipulating the charter capital structure, benefits for workers, business sectors, and implementation steps.

Đối tượng áp dụng

Southern Installation and Construction Joint Stock Company

Các điểm cốt lõi

  • The Southern Installation and Construction Workshop will be converted into a joint stock company with a charter capital of 3,500,000,000 VND, of which the State holds 17.14%, workers in the Workshop hold 69.14%, and 13.72% is sold to external parties.
  • Workers in the Workshop are entitled to purchase 10,735 shares at a preferential value of 322,050,000 VND.
  • The joint stock company engages in business sectors such as installation and repair of technological equipment, construction of industrial, civil, transportation infrastructure, water conservancy projects, steel structure manufacturing, production of building materials, investment advisory services, and project design.
  • The joint stock company operates according to the Company's Articles of Association and the Enterprise Law.
  • The Vietnam Industrial Construction Corporation is responsible for directing the sale of shares and organizing the first General Meeting of Shareholders.

🌐 Tác động xã hội từ văn bản này

  • The Southern Installation and Construction Joint Stock Company will operate under a private enterprise model, providing opportunities for workers in the Workshop to purchase preferential shares.
  • To enhance management efficiency and sustainable development of the enterprise.

❓ Câu hỏi thường gặp

What is the charter capital of the joint stock company?

The charter capital of the joint stock company is 3,500,000,000 VND.

What are the proportions of state-owned shares and worker shares in the Workshop?

The proportion of state-owned shares is 17.14%, and worker shares in the Workshop is 69.14%.

How many shares are workers entitled to purchase preferentially?

Workers are entitled to purchase preferentially 10,735 shares.

In which business sectors does the joint stock company operate?

The joint stock company engages in business sectors such as installation and repair of technological equipment, construction of industrial, civil, transportation infrastructure, water conservancy projects, steel structure manufacturing, production of building materials, investment advisory services, and project design.

When does this decision take effect?

This decision takes effect fifteen days after its publication in the Official Gazette.

Toàn văn

MINISTRY OF INDUSTRY
******

SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness
********

Number: 102/2004/QĐ-BCN

Hanoi, September 28, 2004

 

Pursuant to …;

Regarding the transfer of the Southern Installation and Construction Enterprise under the Installation Corporation to become the Southern Installation and Construction Joint Stock Company

THE MINISTER OF INDUSTRY

Pursuant to Decree No. 55/2003/NĐ-CP dated May 28, 2003 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Industry;

Pursuant to Decree No. 64/2002/NĐ-CP dated June 19, 2002 of the Government on the conversion of state-owned enterprises into joint-stock companies;

Considering the proposal of the Vietnam Industrial Construction Corporation (Document No. 780/CV-ĐMDN dated September 17, 2004), the privatization plan for the Southern Installation and Construction Enterprise, and the appraisal report of the Privatization and Business Development Board of the Ministry dated September 23, 2004;

At the proposal of the Enterprise Reform and Development Board and the Director of the Personnel and Organization Department,

DECISION:

Article 1. Approves the privatization plan for the Southern Installation and Construction Enterprise under the Installation Corporation (an independent accounting member enterprise of the Vietnam Industrial Construction Corporation) including the following main points:

1. Capital structure:

The charter capital of the joint stock company is 3,500,000,000 VND (Three billion five hundred million VND). Among which:

- State shareholding ratio: 17.14%;

- Shareholding ratio sold to employees within the enterprise: 69.14%;

- Shareholding ratio sold outside the enterprise: 13.72%.

The value of one share: 100,000 VND.

2. The actual value of the Southern Installation and Construction Enterprise at the time of December 31, 2003 for privatization (Decision No. 2251/QĐ-TCKT dated August 26, 2004 of the Ministry of Industry) is 25,272,297,237 VND. Among which, the actual value of the state capital in the enterprise is 1,647,158,274 VND.

4. Regarding the privatization costs, retraining of employees, and surplus labor resolution of the enterprise, An Lac Shoe Company will handle the procedures, report to the Ministry of Industry and relevant state authorities for approval according to current regulations.

The total number of preferential shares sold to 132 employees within the enterprise is 10,735 shares with a preferential value of 322,050,000 VND. Among which, the number of preferential shares sold on credit to 8 poor employees is 1,950 shares, valued at 136,500,000 VND.

4. Regarding the privatization costs, retraining of employees, and surplus labor resolution of the enterprise, the Installation Corporation shall handle the procedures, report to the Vietnam Industrial Construction Corporation and relevant state authorities for approval according to current regulations.

Article 2. Transfer the Southern Installation and Construction Enterprise under the Installation Corporation to become the Southern Installation and Construction Joint Stock Company,

- International trade name: SOUTHERN INSTALLATION AND CONSTRUCTION JOINT STOCK COMPANY, abbreviated as: INCONAM;

- Head office: Floor 4, No. 22 Ly Tu Trong Street, District 1, Ho Chi Minh City.

Article 3. The joint stock company engages in the following business activities:

- Installation and repair of technological equipment; installation of systems: air conditioning, ventilation, power, lighting, measurement, automation, pressure equipment, water supply and drainage, fire prevention and extinguishing;

- Construction of industrial, civil, and transportation infrastructure projects; construction and installation of power transmission lines, substations, and power sources;

- Manufacturing steel structures, steel production equipment, lifting equipment, food, pharmaceutical, chemical processing equipment, medium and low voltage switchboards;

- Production of building materials; trading, import and export of technical materials and equipment; real estate trading, warehouse leasing, cargo transportation;

- Investment consulting, design of civil and industrial projects, and mechanical equipment;

- Engaging in other businesses in accordance with the provisions of the law.

Article 4. The Southern Installation and Construction Joint Stock Company is a legal entity under Vietnamese law from the date of business registration; it may use its seal and open bank accounts in accordance with the law; organize and operate according to the Company's Charter and the Law on Enterprises.

Article 5. Vietnam Industrial Construction Corporation is responsible for directing the Equipment Installation Corporation to organize the sale of shares and to organize the first General Meeting of Shareholders of the joint stock company in accordance with current regulations.

The Director and Chief Accountant of the Installation Corporation are responsible for managing the operations of the Southern Installation and Construction Enterprise until the full transfer of capital, assets, labor, and land to the Board of Directors and General Manager of the Southern Installation and Construction Joint Stock Company.

Article 6. The Standard Measurement Quality Control Department shall be responsible for organizing and guiding the implementation of the Regulations adopted herein.

The Head of the Ministry's Office, the Inspector General of the Ministry, the Heads of Departments and Bureaus under the Ministry, the Chairman of the Board of Directors and General Director of the Vietnam Industrial Construction Corporation, the Director of the Installation Corporation, the Chairman of the Board of Directors and General Manager of the Southern Installation and Construction Joint Stock Company are responsible for implementing this Decision./.

 

Place of Receipt
- As Article 6,
- Government Office,
- Steering Committee for Restructuring and Enterprise Development,
- Ministries: Finance, Home Affairs, Justice, Planning and Investment, Labor, Invalids and Social Affairs,
- State Bank of Vietnam,
- Ho Chi Minh City People's Committee,
- Official Gazette,
- Deputy Minister (for reporting purposes),
- Deputy Ministers,
- Members of the Reform and Development Steering Committee of the Ministry,
- To be filed with the Office and Personnel Department.

DEPUTY MINISTER
DEPUTY MINISTER

(Signed)


Nguyen Xuan Thuy

 

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Bản đồ quan hệ

102/2004/QĐ-BCN
Decision No. 102/2004/QĐ-BCN on the conversion of the Southern Installation and Construction Workshop under the Installation Corporation into the Southern Installation and Construction Joint Stock Company
In effect

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