Decision No. 144/2000/QĐ-BNN/TCCB of the Ministry of Agriculture and Rural Development on converting the Hung Yen Export Food Company into the Hung Yen Export Food Joint Stock Company, including provisions on the form of shareholding, registered capital value, employee benefits, pre-sale share management organization, and conversion procedures.
适用范围
The Hung Yen Export Food Company (after conversion), related parties such as the Board of Directors, General Director of the Company, Enterprise Management Reform Committee at the Company.
要点
- The Hung Yen Export Food Company is converted into a joint stock company with a registered capital of 2,200,000,000 VND, of which 43.4% is state-owned capital and 50.6% is sold to employees.
- Employees in the Company are granted preferential treatment for 10,704 shares, of which 2,140 shares are reserved for poor employees.
- The company after conversion has the full name Hung Yen Export Food Joint Stock Company and its headquarters is located in Hien Nam Ward, Hung Yen City, Hung Yen Province.
- Support from the State Enterprise Restructuring and Shareholding Fund includes compensating for insufficient preferential shares for employees, training and retraining due to ownership transfer, and subsidies for employees who voluntarily retire before age.
- The General Director and Chief Accountant of the Hung Yen Export Food Company manage and operate until the entire enterprise is handed over to the new Board of Directors.
🌐 本文件的社会影响
- Positive impacts include improved operational efficiency of the enterprise and new investment opportunities.
- Negative impacts include costs and procedural burdens for employees during the ownership transfer process.
❓ 常见问题
What is the registered capital of the Hung Yen Export Food Joint Stock Company?
The registered capital of the Company is 2,200,000,000 VND, divided into 22,000 shares with each share valued at 100,000 VND.
How many shares are employees granted preferential treatment for?
Employees in the Company are granted preferential treatment for a total of 10,704 shares, of which 2,140 shares are reserved for poor employees.
What is the name of the company after conversion?
The full name of the Company is Hung Yen Export Food Joint Stock Company, and its trading name in English is Hung yen Foodstuff Export Joint-Stock Company.
How does the Company receive support from the State Enterprise Restructuring and Shareholding Fund?
Support includes compensating for insufficient preferential shares of 10 shares per year of service for employees, training and retraining due to ownership transfer, and subsidies for employees who voluntarily resign and retire early.
What is the handover period from the Hung Yen Export Food Company to the Hung Yen Export Food Joint Stock Company?
The General Director and Chief Accountant of the Hung Yen Export Food Company manage and operate until the entire enterprise is handed over to the new Board of Directors.
全文
DECISION OF THE MINISTER
MINISTRY OF AGRICULTURE AND RURAL DEVELOPMENT
Regarding the conversion of Hung Yen Export Food Company
into Hung Yen Export Food Joint Stock Company.
THE MINISTER OF AGRICULTURE AND RURAL DEVELOPMENT
Pursuant to Decree No. 73/CP dated November 1, 1995 of the Government on functions, tasks, powers, and organizational structure of the Ministry of Agriculture and Rural Development;
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;
Considering the proposal of the Enterprise Management Reform Board under the Ministry and the Director of the Personnel Organization Department,
DECISION:
Article 1. Approves the plan for the conversion of Hung Yen Export Food Company, an independent accounting state-owned enterprise, a member unit of Vietnam Fruit Corporation - Ministry of Agriculture and Rural Development, comprising the following main contents:
1. Form of conversion: Maintain the current value of the State capital at the Enterprise, issue shares to attract additional capital for the development of the Enterprise.
2. The actual value of Hung Yen Export Food Company at the time of 00:00 on January 1, 2000 for conversion is: 7,492,561,119 VND (seven billion, four hundred ninety-two million, five hundred sixty-one thousand, one hundred nineteen VND).
Of which, the actual value of the State capital at the Enterprise is: 1,605,639,885 VND (one billion, six hundred five million, six hundred thirty-nine thousand, eight hundred eighty-five VND).
3. Registered Capital of the Joint Stock Company: 2,200,000,000 VND (two billion, two hundred million VND). The total capital is divided into 22,000 equal shares (each share valued at 100,000 VND) with the following structure:
- State share ratio: 43.4% of the Registered Capital (equivalent to 9,548 shares = 954,872,885 VND);
- Share ratio sold to employees within the Enterprise: 50.6% of the Registered Capital (equivalent to 12,451 shares = 1,245,127,115 VND);
4. Preferential treatment for employees within the Enterprise:
- Total number of preferential shares for all employees within the Enterprise: 10,704 shares. The preferential value is: 321,127,000 VND (three hundred twenty-one million, one hundred twenty-seven thousand VND).
- Total number of preferential shares for poor employees within the Enterprise to be paid gradually: 2,140 shares, with a gradual payment value of: 149,800,000 VND (one hundred forty-nine million, eight hundred thousand VND).
5. Management of proceeds from share sales:
To be implemented according to Section V, Part II of Circular No. 104/1998/TT-BTC dated July 18, 1998 of the Ministry of Finance guiding financial matters when converting state-owned enterprises into joint stock companies and Item 6 of Document No. 3138/TC/TCDN dated August 19, 1998 of the Ministry of Finance regarding guidance on implementing the conversion of state-owned enterprises into joint stock companies.
6. The Enterprise is allowed to proceed with procedures in accordance with current regulations of the State with relevant State agencies to enjoy policies under:
The Law on Encouraging Domestic Investment (amended) according to the lists specified in Decree No. 51/1999/NĐ-CP dated July 8, 1999 of the Government detailing the implementation of the Law on Encouraging Domestic Investment (amended), as stipulated in Decree No. 44/1998/NĐ-CP dated June 29, 1998 of the Government on the conversion of state-owned enterprises into joint stock companies.
Support from the Fund for Organizing and Reorganizing State-Owned Enterprises and Converting Them into Joint Stock Companies pursuant to Decision No. 177/1999/QĐ-TTg dated August 30, 1999 of the Prime Minister on the organization and operation of the Fund for Organizing and Reorganizing State-Owned Enterprises and Converting Them into Joint Stock Companies, and Decision No. 95/2000/QĐ-BTC dated June 9, 2000 of the Minister of Finance on the issuance of the Regulations on the management, collection, and use of the Fund for Organizing and Reorganizing State-Owned Enterprises and Converting Them into Joint Stock Companies for the purpose of: Compensating for the insufficient preferential shares of 10 shares per year of service for employees within the Enterprise; Training and retraining due to ownership transfer and restructuring of the Enterprise; Subsidies for employees who voluntarily resign or retire early when the Enterprise transfers ownership.
Article 2. - Convert Hung Yen Export Food Company into a joint stock company with the following main characteristics:
1. Full name in Vietnamese: Hung Yen Export Food Joint Stock Company
Trading name in English: Hung yen Foodstuff Export Joint-Stock Company
2. Main office location: Hien Nam Ward, Hung Yen City, Hung Yen Province. Telephone: 0321.862.287. Fax: 0321.862.812.
3. Business sector:
Processing industry for fruits and vegetables;
Meat processing industry;
Non-alcoholic beverage industry;
Trading in agricultural food products.
Article 3. Hung Yen Export Food Joint Stock Company shall be a legal entity under Vietnamese law from the date of registration for business, operating an independent economic accounting system, having its own seal, and being able to open a transaction account at a bank in accordance with the law, and operating in accordance with the Articles of Association of Hung Yen Export Food Joint Stock Company and the Enterprise Law.
Article 4. The General Director and Chief Accountant of Hung Yen Export Food Company are responsible for managing and directing the Company until the entire Enterprise is handed over to the Board of Directors and General Director of Hung Yen Export Food Joint Stock Company. From the handover date, the decision to establish Hung Yen Export Food Company ceases to be enforceable.
Article 5. This Decision shall take effect from the date of signing.
The Head of the Ministry's Office, the Director of the Personnel Organization Department, the Enterprise Management Reform Board under the Ministry, the Heads of related units under the Ministry, the Board of Directors and General Manager of Vietnam Fruit Corporation, the General Director and the Enterprise Management Reform Board at Hung Yen Export Food Company are responsible for implementing this decision./.
DEPUTY MINISTER
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