Decision No. 111/2004/QD-BCT of the Ministry of Industry on the transfer of the Yen Vien Mechanical Plant from a state-owned enterprise to the Electric Machinery Joint Stock Company, stipulating the charter capital structure, actual value, benefits for employees, and business activities.
적용 범위
The Yen Vien Mechanical Plant belongs to the Electrical Equipment Production Company (Electric Machinery Joint Stock Company after conversion).
핵심 사항
- The Yen Vien Mechanical Plant has a charter capital of 20 billion VND, of which the State holds 51%, employees hold 44%, and 5% is sold to external parties. Each share is valued at 100,000 VND.
- The actual value of the Yen Vien Mechanical Plant is 55,731,616,650 VND, of which the State's portion is 6,408,739,466 VND.
- Employees in the plant are given preferential treatment to purchase 67,287 shares with a preferential value of 2,018,610,000 VND.
- The Electric Machinery Joint Stock Company engages in businesses such as steel component production and sales, industrial construction projects, and other appropriate business activities as prescribed by law.
- The Electric Machinery Joint Stock Company operates independently according to the Company Charter and the Enterprise Law.
🌐 이 문서의 사회적 영향
- Positive impact: Creates opportunities for employees to purchase shares, enhancing corporate management efficiency.
- Negative impact: May cause difficulties during the transition process and organization of share sales.
❓ 자주 묻는 질문
What is the charter capital of the joint stock company?
The charter capital of the joint stock company is 20 billion VND (20,000,000,000 VND).
What percentage of shares does the State hold?
The State holds 51% of the shares.
How many shares are employees in the Plant entitled to purchase at a preferential rate?
Employees in the Plant are entitled to purchase 67,287 shares at a preferential rate.
What is the actual value of the Yen Vien Mechanical Plant?
The actual value of the Yen Vien Mechanical Plant is 55,731,616,650 VND.
What industries does the joint stock company operate in?
The joint stock company operates in the production and sale of steel components, iron and steel for construction, electrical equipment distribution, and industrial construction projects.
전문
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MINISTRY OF INDUSTRY |
SOCIALIST REPUBLIC OF VIETNAM |
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Number: 111/2004/QĐ-BCN |
Hanoi, October 13, 2004 |
Pursuant to …;
Regarding the conversion of the Yen Vien Mechanical Plant under the Electrical Equipment Production Company into the Power Engineering 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 Vietnam Electricity Corporation (Letter No. 374/CV-EVN-HĐQT dated October 12, 2004), the privatization plan for the Yen Vien Mechanical Plant under the Electrical Equipment Production Company, and the appraisal report on the plan by the Enterprise Reform and Development Board of the Ministry dated September 1, 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 Yen Vien Mechanical Plant under the Electrical Equipment Production Company (a subsidiary of Vietnam Electricity Corporation operating independently) as follows:
1. Capital structure:
The charter capital of the joint stock company is 20,000,000,000 VND (Twenty billion VND). Of which:
- State share: 51.00%;
- Share sold to employees within the plant: 44.00%;
- Share sold outside the plant: 5.00%.
The value of one share: 100,000 VND.
2. The actual value of the Yen Vien Mechanical Plant at the time of December 31, 2003 for privatization (Decision No. 1877/QĐ-TCKT dated July 19, 2004 of the Ministry of Industry) is 55,731,616,650 VND. Of which, the actual value of the state capital portion in the plant is 6,408,739,466 VND.
Vietnam Electricity Corporation supplements state capital for the plant with 13,591,260,534 VND (according to Letter No. 365/CV-EVN-HĐQT dated October 8, 2004 and Letter No. BT253/2004EVN/TCKT dated September 21, 2004).
3. Employee benefits.
A total of 67,287 preferential shares are sold to 417 employees within the plant with a preferential value of 2,018,610,000 VND.
4. Regarding the privatization costs, retraining of employees, and surplus labor resolution of the plant, the Electrical Equipment Production Company shall handle the procedures and report to Vietnam Electricity Corporation and relevant state agencies for approval according to current regulations.
Article 2. Converts the Yen Vien Mechanical Plant under the Electrical Equipment Production Company into the Power Engineering Joint Stock Company,
- International trade name: POWER ENGINEERING JOINT STOCK COMPANY, abbreviated name: PEC;
- Head office located at: 150 Ha Huy Tap Street, Yen Vien Town, Gia Lam District, Hanoi City.
Article 3. The joint stock company engages in the following business activities:
- Producing and trading steel structures and iron products for construction (steel bridge beams, beams, braces, tower columns, TV antenna columns, zinc-coated steel power poles up to 500 kV voltage level, non-standard equipment for hydroelectric and thermal power plants, and colored metals);
- Manufacturing electrical distribution equipment (high, medium, and low voltage line accessories and substations);
- Constructing industrial projects (installing power lines and substations up to 220 kV voltage level, installing telecommunications projects);
- Engaging in other businesses in accordance with the provisions of the law.
Article 4. The Power Engineering Joint Stock Company is a legal entity under Vietnamese law from the date of business registration, conducting independent economic accounting, using its own seal, opening bank accounts according to legal provisions, and operating according to the Company's Charter and the Law on Enterprises.
Article 5. Vietnam Electricity Corporation and the Electrical Equipment Production Company are responsible for directing the Yen Vien Mechanical Plant to organize the sale of shares and convene the first General Meeting of Shareholders of the joint stock company in accordance with current regulations.
The Director and Chief Accountant of the Electrical Equipment Production Company are responsible for managing the operations of the plant 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. 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, the General Director of Vietnam Electricity Corporation, the Director of the Electrical Equipment Production Company, the Director of the Yen Vien Mechanical Plant, and the Chairman of the Board of Directors and the General Director of the Power Engineering Joint Stock Company are responsible for implementing this Decision./.
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Place of Receipt: |
DEPUTY MINISTER OF INDUSTRY |
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