Decision No. 111/QD-TTg stipulates the conversion of Construction Company under Vietnam Rubber Corporation into a joint-stock company with a charter capital of 24,000,000,000 VND and the ratio of state shares, employee shares within the enterprise, and shares sold outside the enterprise. This decision takes effect from the date of signing.
Scope of application
Construction Company under Vietnam Rubber Corporation
Key points
- Construction Company will be converted into a joint-stock company with a charter capital of 24,000,000,000 VND, of which the state share ratio is 35%, employee share ratio within the enterprise is 35%, and shares sold outside the enterprise is 30%
- The actual value of Construction Company at the time of June 30, 2001 for privatization is 39,560,919,161 VND, of which the actual value of the state capital portion in the enterprise is 14,210,379,176 VND
- Employees in the enterprise are given preferential treatment to purchase shares with a total number of preferential shares sold being 11,290 shares, valued at 338,700,000 VND, including 2,258 shares for poor employees
- The full name of the joint-stock company is Investment-Construction Joint Stock Company of Rubber, international trading name is RUBBER CONSTRUCTION INVESTMENT JOINT STOCK COMPANY (RCI), main office located at 267 Dien Bien Phu Street, Ward 7, District 3, Ho Chi Minh City
- Investment-Construction Joint Stock Company of Rubber engages in business activities according to the provisions of the law and operates independently with economic accounting responsibility, its own seal, and separate bank accounts
🌐 Social impact of this document
- The conversion into a joint-stock company creates opportunities for employees in the enterprise to purchase preferential shares, but may also impose cost pressures and financial burdens on them
- The transformation into a joint-stock company helps improve management efficiency and economic development of Vietnam Rubber Corporation
❓ Frequently asked questions
What is the charter capital of the joint-stock company?
The charter capital of the joint-stock company is 24,000,000,000 VND.
What is the ratio of state shares, employee shares within the enterprise, and shares sold outside the enterprise?
The ratio of state shares is 35%, employee shares within the enterprise is 35%, and shares sold outside the enterprise is 30%.
What is the actual value of Construction Company?
The actual value of Construction Company at the time of June 30, 2001 for privatization is 39,560,919,161 VND.
How many shares are employees in the enterprise entitled to purchase preferentially?
Employees in the enterprise are entitled to purchase preferentially a total of 11,290 shares, valued at 338,700,000 VND.
What is the full name of the joint-stock company?
The full name of the joint-stock company is Investment-Construction Joint Stock Company of Rubber (RCI).
Full text
Pursuant to …;
Regarding the conversion of state-owned enterprise Construction Company under Vietnam Rubber Corporation into a joint-stock company
___________________________
PRIME MINISTER
APPROVES THE AGREEMENT ON ENCOURAGEMENT AND PROTECTION OF INVESTMENT BETWEEN THE GOVERNMENT OF THE SOCIALIST REPUBLIC OF VIETNAM AND THE GOVERNMENT OF THE PEOPLE'S REPUBLIC OF BANGLADESH SIGNED IN HANOI (VIETNAM) ON MAY 18, 2005.
Pursuant to Decree No. 44/1998/NĐ-CP dated June 29, 1998 of the Government on the conversion of state-owned enterprises into joint-stock companies;
At the request of the Board of Directors of Vietnam Rubber Corporation in Circular No. 52/CV-HĐQT dated January 11, 2002,
DECISION:
Article 1. Approves the plan for the conversion of state-owned enterprise Construction Company under Vietnam Rubber Corporation as follows:
1. The charter capital of the joint-stock company: 24,000,000,000 VND.
Wherein:
- State shareholding ratio: 35% of the charter capital,
- Shareholding ratio sold to employees within the enterprise: 35% of the charter capital.
- Shareholding ratio sold outside the enterprise: 30% of the charter capital.
2. The actual value of Construction Company at the time of June 30, 2001 for the purpose of conversion into a joint-stock company is 39,560,919,161 VND, including the actual value of the state capital portion in the enterprise being 14,210,379,176 VND.
3. Preferential treatment for employees within the enterprise: The total number of shares sold at preferential prices to employees within the enterprise is 11,290 shares; the preferential value amounting to 338,700,000 VND. Among these, shares sold to poor employees are 2,258 shares, with a deferred payment value of 158,060,000 VND.
Article 2. Convert state-owned enterprise Construction Company under Vietnam Rubber Corporation into a joint-stock company.
- Full name in Vietnamese: Investment and Construction Joint-Stock Company.
- International trade name: RUBBER CONSTRUCTION INVESTMENT JOINT STOCK COMPANY.
- Abbreviation: RCI.
- Head office address: 267 Dien Bien Phu Street, Ward 7, District 3, Ho Chi Minh City.
Article 3. Investment and Construction Joint-Stock Company shall operate in business sectors as prescribed by law.
Article 4. Investment and Construction Joint-Stock Company:
- Is a legal entity under Vietnamese law from the date of issuance of the business registration certificate, operating according to the registered permit, implementing independent economic accounting, having its own seal, and opening accounts at banks as prescribed by law. Operating according to the Company Charter and the Enterprise Law;
- The General Director and Chief Accountant of Construction Company are responsible for managing and operating the enterprise until the handover of the entire company to the Board of Directors and General Director of Investment and Construction Joint-Stock Company.
Article 5. This Decision takes effect from the date of signature. Previous decisions contrary to this Decision are annulled. The Board of Directors of Vietnam Rubber Corporation, the General Director of Construction Company, and the Board of Directors of Investment and Construction Joint-Stock Company are responsible for implementing this Decision. /./
VICE-PRESIDENT OF THE GOVERNMENT
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