Decision No. 110/2003/QĐ-BCN of the Ministry of Industry on the conversion of LIX Laundry Powder Company to LIX Laundry Powder Joint Stock Company, stipulates the charter capital structure, actual value of the company, benefits for employees, and business conditions.
Đối tượng áp dụng
LIX Laundry Powder Company (after conversion), Vietnam Chemicals Corporation, Board of Directors, General Director of LIX Laundry Powder Joint Stock Company.
Các điểm cốt lõi
- Charter capital structure: The charter capital is 36 billion VND, of which the State holds 51%, employees of the company hold 39.9%, and external sale accounts for 9.1%.
- The actual value of LIX Laundry Powder Company at the time of shareholding reform is 62,037,286,105 VND, of which the value of the State's capital portion is 35,866,040,752 VND.
- Benefits for employees: A total of 67,360 preferential shares were sold to 670 employees with a total preferential value of 2,020,800,000 VND.
- The company operates in industries such as detergent production, cosmetics, chemicals, packaging, import and export, and other industries in accordance with legal regulations.
- LIX Laundry Powder Joint Stock Company becomes a legal entity under Vietnamese law from the date of registration of business operations.
🌐 Tác động xã hội từ văn bản này
- Creating opportunities for employees to participate in ownership of the company through the sale of preferential shares.
- Helping LIX Laundry Powder Company operate independently and more flexibly in business, enhancing production efficiency.
- The company can access new sources of capital from the securities market.
❓ Câu hỏi thường gặp
What is the charter capital of LIX Laundry Powder Joint Stock Company?
The charter capital of LIX Laundry Powder Joint Stock Company is 36 billion VND.
What percentage does the State hold in the charter capital?
The State holds 51% in the total charter capital of 36 billion VND.
How are employees of the company benefited?
Employees of LIX Laundry Powder Company are offered preferential shares totaling 67,360 shares with a preferential value of 2,020,800,000 VND.
In what industries does the company operate?
The company operates in industries such as detergent production, cosmetics, chemicals, packaging, import and export, and other industries in accordance with legal regulations.
When does this decision take effect?
This decision takes effect fifteen days after its publication in the Official Gazette.
Toàn văn
DECISION OF THE MINISTER OF INDUSTRY
Regarding the conversion of LIX Laundry Powder Company into LIX Laundry Powder Joint Stock Company
____________________
THE MINISTER OF INDUSTRY
Pursuant to the Government Decree No. 74/CP dated November 1, 1995 on 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 Vietnam Chemicals Corporation (Proposal No. 545/CV-HĐQT dated June 20, 2003, Plan for the Conversion of LIX Laundry Powder Company into a Joint Stock Company and the Appraisal Report on the Plan by the Enterprise Reform and Development Board of the Ministry dated June 27, 2003);
At the proposal of the Enterprise Reform and Development Board and the Director of the Personnel and Organization Department,
DECISION:
Article 1. Approving the Plan for the Conversion of LIX Laundry Powder Company (an independent accounting member company of Vietnam Chemicals Corporation) including the following main points:
1. Capital structure:
The charter capital of the joint stock company is 36,000,000,000 VND (Thirty-six billion VND). Among which:
State shareholding ratio: 51.0%;
Shareholding ratio sold to employees within the company: 39.9%;
Shareholding ratio sold outside the company: 9.1%.
Value of one share: 100,000 VND.
2. The actual value of LIX Laundry Powder Company at the time of January 1, 2003 for the purpose of conversion (Decision No. 1182/QĐ-TCKT dated May 29, 2003 of the Ministry of Industry) is 62,037,286,105 VND. Among which, the actual value of the state capital in the company is 35,866,040,752 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 670 employees within the company is 67,360 shares with a preferential value of 2,020,800,000 VND.
4. Regarding the costs of conversion, retraining of employees, and surplus labor resolution, LIX Laundry Powder Company shall handle procedures and report to Vietnam Chemicals Corporation for approval according to current regulations.
Article 2. Converting LIX Laundry Powder Company into LIX Laundry Powder Joint Stock Company,
International trade name: LIX DETERGENT JOINT STOCK COMPANY;
Abbreviation: LIXCO; Head office: Linh Trung Ward, Thu Duc District, Ho Chi Minh City.
Article 3. The joint stock company engages in the following business activities:
Producing synthetic detergents and cosmetics;
Producing and trading various types of chemicals and packaging materials;
Trading in import and export;
Engaging in other businesses in accordance with the provisions of the law.
Article 4. LIX Laundry Powder Joint Stock Company is a legal entity under Vietnamese law from the date of registration for business operation, independently accounting for economic activities, using its own seal, opening bank accounts according to the law, operating according to the Company's Charter and the Law on Enterprises.
Article 5. Vietnam Chemicals Corporation is responsible for directing LIX Laundry Powder Company to organize the auction sale of shares sold outside the company and to organize the first General Meeting of Shareholders of LIX Laundry Powder Joint Stock Company in accordance with current regulations.
The Director and Chief Accountant of LIX Laundry Powder Company are responsible for managing the company's operations until the transfer of all capital, assets, labor, and land to the Board of Directors and General Manager of the joint stock company.
Article 6. This Decision takes effect fifteen days from the date of publication in the Official Gazette.
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 the General Director of Vietnam Chemicals Corporation, the Director of LIX Laundry Powder Company, and the Chairman of the Board of Directors and the General Director of LIX Laundry Powder Joint Stock Company are responsible for implementing this Decision./.
DEPUTY MINISTER
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