Decision No. 132/1999/QĐ-TTg converts the Oil Machinery Company into a joint-stock company, stipulating the charter capital, share ratio, name, and business sectors. This decision takes effect from the date of signing.
Đối tượng áp dụng
Ministry of Trade, Board of Directors of Vietnam Oil General Corporation, Director of the Joint-Stock Oil Machinery Company, Heads of related units.
Các điểm cốt lõi
- The Oil Machinery Company has a charter capital of 32,000,000,000 Vietnamese dong, of which the state holds 35%, employees of the company hold 10%, and external entities hold 55%.
- The company is converted into a joint-stock company with the full name Petroleum Machinery Joint-Stock Company, trading name Petroleum Mechanical Stock Company, headquartered at 446 Nơ Trang Long Street, Binh Thanh District, Ho Chi Minh City.
- The company engages in main business sectors such as production and trade of mechanical packaging materials and import-export of raw materials, equipment, and supplies for production and business operations.
- The company acquires legal personality under Vietnamese law from the date of registration for business operation, implements independent economic accounting, has its own seal, and is entitled to open bank accounts.
- The Director and Chief Accountant of the Oil Machinery Company are responsible for managing the business until the handover to the Board of Directors and Director of the Petroleum Machinery Joint-Stock Company.
🌐 Tác động xã hội từ văn bản này
- Positive impact: Shareholding reform enhances the operational efficiency of the enterprise and strengthens investment capital from non-state entities.
- Negative impact: It may cause difficulties during the transition and adjustment of management models.
❓ Câu hỏi thường gặp
What is the charter capital of the Petroleum Machinery Joint-Stock Company?
The charter capital of the Petroleum Machinery Joint-Stock Company is 32,000,000,000 Vietnamese dong.
What are the ratios of state shares, employee shares, and external entity shares?
The ratio of state shares is 35%, employee shares within the company is 10%, and external entity shares is 55%.
What is the trading name of the company after conversion?
The trading name of the company after conversion is Petroleum Mechanical Stock Company.
In which business sectors does the company operate?
The company operates in business sectors such as production and trade of mechanical packaging materials and import-export of raw materials, equipment, and supplies for production and business operations.
On what date does this decision take effect?
This decision takes effect from the date of signing.
Toàn văn
DECISION OF THE PRIME MINISTER
Transfer the Mechanical Oil Company to a Joint Stock Company
____________________________
THE GOVERNMENT
Pursuant to the Government Organization Law dated September 30, 1992;
Pursuant to Decree No. 44/1998/NĐ-CP dated June 29, 1998;
At the proposal of the Minister of Trade,
DECISION:
Article 1. Approve the plan for the conversion of the state-owned enterprise, the Mechanical Oil Company under the Vietnam Oil General Corporation, as follows:
1. Registered Capital: 32,000,000,000 Vietnamese dong
Wherein:
- State shareholding ratio: 35% of the registered capital,
- Shareholding ratio sold to employees within the company: 10% of the registered capital,
- Shareholding ratio sold to entities outside the company: 55% of the registered capital.
2. Entrust the Minister of Trade to approve:
- The number of shares sold at preferential prices to employees and the number of shares that poor employees can purchase gradually according to the prescribed regulations in the Mechanical Oil Company.
- Utilize the proceeds from the sale of shares of the Mechanical Oil Company in accordance with Decree No. 44/1998/NĐ-CP dated June 29, 1998 of the Government and the guiding circulars of relevant ministries.
Article 2. Transfer the state-owned enterprise: the Mechanical Oil Company to a Joint Stock Company
- Full name of the Company: Petroleum Mechanical Joint Stock Company,
- Trading name: Petroleum Mechanical Stock Company,
- Main office: 446 Nơ Trang Long Street, District 1, Ho Chi Minh City.
Article 3. The Petroleum Mechanical Joint Stock Company engages in the following main business activities:
- Production and trading of mechanical packaging,
- Import and export of raw materials, equipment, and supplies for production and trading.
Article 4. The Petroleum Mechanical Joint Stock Company:
- Has legal personality under Vietnamese law from the date of issuance of its business registration certificate, operates independently, has its own seal, and may open bank accounts in accordance with the law. Operates in accordance with the company's charter and the Law on Enterprises.
- The Director and Chief Accountant of the Mechanical Oil Company are responsible for managing the business until the handover to the Board of Directors and the Director of the Petroleum Mechanical Joint Stock Company.
Article 5. This Decision takes effect from the date of signature. Abolish previous decisions that conflict with this Decision. The Minister of Trade, the Board of Directors of the Vietnam Oil General Corporation, the Director of the Petroleum Mechanical Joint Stock Company, and the heads of related units are responsible for implementing this Decision. /./
VICE-PRESIDENT OF THE GOVERNMENT
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