Decision No. 119/2004/QĐ-BCN on the transformation of the Electrical Measuring Equipment Company into the State Capital Joint Stock Company for Electrical Measuring Equipment

Pursuant to …;

Regarding the conversion of the Electrical Measurement Equipment Company into the State Capital Joint Stock Company for Electrical Measurement Equipment

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. 63/2001/NĐ-CP dated September 14, 2001 of the Government on the transformation of state-owned enterprises and enterprises of political organizations and political-social organizations into State Capital Joint Stock Companies;

Pursuant to Decision No. 125/QĐ-TTg dated January 28, 2003 of the Prime Minister approving the overall plan for restructuring and modernizing state-owned corporations and state-owned enterprises under the Ministry of Industry for the period 2003-2005;

Considering the proposal of the Board of Directors of the Electrical Engineering Equipment Corporation (Letter No. 41B/CV-HĐQT dated September 28, 2004, Letter No. 254/CV-ĐMDN dated October 27, 2004) and the dossier on the conversion of the Electrical Measurement Equipment Company into the State Capital Joint Stock Company for Electrical Measurement Equipment;

At the suggestion of the Director of the Department of Organization and Cadres,

DECISION:

Article 1. Convert the Electrical Measurement Equipment Company, an independent accounting member enterprise under the Electrical Engineering Equipment Corporation, into the State Capital Joint Stock Company for Electrical Measurement Equipment.

The State Capital Joint Stock Company for Electrical Measurement Equipment (referred to as the Company) shall have its own seal, be entitled to open accounts at domestic and foreign banks in accordance with the law, and operate in accordance with the Company's Charter approved by the Board of Directors of the Electrical Engineering Equipment Corporation and the Law on Enterprises.

- Full name: State Capital Joint Stock Company for Electrical Measurement Equipment.

- Abbreviation: Electrical Measurement Equipment Company.

- International trade name: Electric Measuring Instrument Limited Company.

- Abbreviation: EMIC Co. Ltd.

- Main office located at: No. 10 Tran Nguyen Han Street, Ly Thai To Ward, Hoan Kiem District, Hanoi City

- Registered capital of the Company at the time of conversion: 68,000,000,000 VND (Sixty-eight billion VND).

Article 2. Business activities of the Company:

- Designing, manufacturing, repairing, and trading single-phase, three-phase electrical measurement equipment with direct current, alternating current, low, medium, and high voltage;

- Trading in imported and exported materials, equipment, spare parts, machinery;

- Providing hotel services, leasing offices, real estate, tourism.

- Other businesses as prescribed by law.

Article 3. Organization and operation of the Company:

1. The organizational structure of the Company includes:

a) The Board of Directors of the Company;

2. The organization and operation of the Company are specifically regulated in the Company's Charter.

c) Subordinate units of the Company.

Board of Directors of Vietnam Minerals Corporation.

Article 4. The State-authorized representative as the owner:

The Board of Directors of the Electrical Engineering Equipment Corporation,

Address: No. 41 Hai Ba Trung Street, Hoan Kiem District, Hanoi City.

The Board of Directors of the Electrical Engineering Equipment Corporation is responsible for exercising the rights of the owner of the capital in accordance with the current laws and the Company's Charter.

Article 5. The State Capital Joint Stock Company for Electrical Measurement Equipment is responsible for receiving and effectively utilizing the capital and assets transferred by the Board of Directors of the Electrical Engineering Equipment Corporation to fulfill the tasks of developing production and business operations, inheriting legitimate rights, interests, and obligations regarding capital, assets, labor, and land from the Electrical Measurement Equipment Company.

Article 6. The Board of Directors of the State Capital Joint Stock Company for Electrical Measurement Equipment is responsible for drafting the Company's Charter to be submitted for approval by the Board of Directors of the Electrical Engineering Equipment Corporation; appointing the General Director, Deputy General Directors, and Chief Accountant of the Company in accordance with the Company's Charter and current laws.

Article 7. This Decision takes effect fifteen days from the date of publication in the Official Gazette.

The Head of the Office of the Ministry, the Inspector General of the Ministry, Heads of Departments and Bureaus under the Ministry, the Board of Directors and General Director of the Electrical Engineering Equipment Corporation, the General Director of the Electrical Measurement Equipment Company, the Board of Directors and General Director of the State Capital Joint Stock Company for Electrical Measurement Equipment are responsible for implementing this Decision./.