Decision No. 145/2005/QD-TTg On approving the Project to transfer Ho Chi Minh City Import-Export and Investment Corporation to operate under the holding company-subcompany model.

Pursuant to …;

Regarding the approval of the Project to transfer the Export-Import and Investment Cho Lon Company to operate under the holding company-subcompany model

Cho Lon shall operate under the corporate group model consisting of a parent company and subsidiary companies

____________________

PRIME MINISTER

Pursuant to the Law on Organization of the Government dated December 25, 2001;

Pursuant to the State Enterprise Law dated November 26, 2003;

Pursuant to the Enterprise Law dated June 12, 1999;

Pursuant to Decree No. 153/2004/NĐ-CP dated August 9, 2004 of the Government on the organization and management of state-owned companies and the transformation of state-owned corporations and independent state-owned companies into holding company-subcompany models;

Considering the proposal of the Chairman of the People's Committee of Ho Chi Minh City.

DECISION:

Article 1. Approve the Project to transfer the Export-Import and Investment Cho Lon Company to operate under the holding company-subcompany model, with the following contents:

1. Holding company: The Export-Import and Investment Cho Lon Company (CHOLIMEX) is a state-owned enterprise directly implementing production and business activities and having investment capital in other companies; responsible for preserving and developing state capital at the holding company and in other invested companies.

2. Subcompanies are state-owned limited liability companies with one member and joint-stock companies where the holding company has controlling equity interests, including:

- State-owned limited liability company investing in Cho Lon infrastructure.

- Cholimex Seafood Processing and Food Joint-Stock Company.

3. Companies with investment capital from the holding company:

- Cholimex Garment Joint-Stock Company,

- Cholimex Electronics and Information Technology Joint-Stock Company,

- Cholimex Construction Joint-Stock Company,

- Cholon Pharmaceutical and Medicinal Materials Joint-Stock Company.

- Ngan Ha Limited Liability Company.

The charter capital structure, business sectors of the holding company and subcompanies; the organization and management of the holding company; relationships between the holding company and the state owner, and with subcompanies and companies with invested capital from the holding company; the name of the agency designated as the representative of state ownership capital at the holding company shall be stipulated in the Charter of the holding company's organization and operation.

Article 2. Assignment of tasks:

1. Chairman of the People's Committee of Ho Chi Minh City:

- Decides to establish the holding company and the formation of subcompanies and companies with invested capital from the holding company as specified in Article 1 of this Decision in accordance with current regulations.

- Approves the Charter of the holding company's organization and operation.

2. Minister of Finance approves the Financial Regulations of the holding company - Export-Import and Investment Cho Lon Company, upon the proposal of the People's Committee of Ho Chi Minh City.

Article 3. The Standard Measurement Quality Control Department shall be responsible for organizing and guiding the implementation of the Regulations adopted herein.

The Chairman of the People's Committee of Ho Chi Minh City, the Minister of Finance, and heads of relevant agencies are responsible for implementing this Decision./.