Decision No. 15/1999/QD-BNN/TCCB of the Ministry of Agriculture and Rural Development regarding the conversion of Nam Ha Food Processing and Trading Enterprise into a Joint Stock Company. The Decision stipulates the actual value, capital structure, employee benefits, name, headquarters, and business activities of the new company.
要点
- Nam Ha Food Processing and Trading Enterprise → is converted into a Joint Stock Company with an actual value of 7,541,997,463 VND, of which the state capital is 3,220,323,272 VND.
- The Joint Stock Company → has a charter capital of 3,220,323,272 VND, of which 70% is sold to employees and 30% to individuals and entities outside the enterprise.
- Employees of the enterprise → are given preferential rights to purchase shares totaling 16,240 shares, with a preferential value of 487,200,000 VND; 1,265 shares for poor employees to be paid gradually.
- The name of the company → Balan Joint Stock Company, headquartered at No. 5 Thai Binh Street, Nam Dinh City, Nam Dinh Province.
- Business activities → include food processing and wholesale and retail trade in foodstuffs.
🌐 本文件的社会影响
- Positive impact: Improving management efficiency and enhancing competitiveness through shareholding reform.
- Negative impact: Employees may face difficulties in purchasing preferential shares, especially poor employees.
❓ 常见问题
What is the actual value of the Enterprise?
The actual value of the Enterprise on January 1, 1998 was 7,541,997,463 VND.
What is the ratio of shares sold to employees and entities outside the enterprise?
The ratio of shares sold to employees within the enterprise is 70%, while the remaining 30% is sold to individuals and entities outside the enterprise.
How are employees given preferential rights to purchase shares?
Employees within the enterprise are given preferential rights to purchase 16,240 shares with a preferential value of 487,200,000 VND, and 1,265 shares for poor employees to be paid gradually.
What is the full name of the new company?
The full name of the new company is Balan Joint Stock Company.
What are the business activities of the new company?
The business activities of the new company include food processing and wholesale and retail trade in foodstuffs.
全文
DECISION OF THE MINISTER
MINISTRY OF AGRICULTURE AND RURAL DEVELOPMENT
Regarding the conversion of the Nam Ha Processing and Food Trading Enterprise into a joint-stock company
Nam Ha Processing and Food Trading Enterprise into a joint-stock company
THE MINISTER OF AGRICULTURE AND RURAL DEVELOPMENT
Pursuant to Decree No. 73/CP dated November 1, 1995 of the Government on the 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;
At the proposal of the Board of Directors of the Northern Food Corporation, the Management Reform Board of the Ministry of Agriculture and Rural Development, the Director of the Cadre and Civil Servant Department, and the Steering Committee for the Shareholding Transformation of the Nam Ha Processing and Food Trading Enterprise,
DECISION:
Article 1. Approves the shareholding transformation plan of the Nam Ha Processing and Food Trading Enterprise, a subsidiary of the Hong River Processing and Food Trading Corporation, with the following contents:
1. The actual value of the Enterprise at 00:00 on January 1, 1998:
The actual value of the Enterprise: 7,541,997,463 VND (seven billion five hundred forty-one million nine hundred ninety-seven thousand four hundred sixty-three VND).
The actual value of the State capital in the Enterprise: 3,220,323,272 VND (three billion two hundred twenty million three hundred twenty-three thousand two hundred seventy-two VND).
2. Capital structure:
The charter capital of the joint-stock company: 3,220,323,272 VND (three billion two hundred twenty million three hundred twenty-three thousand two hundred seventy-two VND).
The proportion of shares sold to employees within the Enterprise: 70% of the charter capital.
The proportion of shares sold to individuals and legal entities outside the Enterprise: 30% of the charter capital.
3. Preferential treatment for employees within the Enterprise:
The total number of shares sold at preferential prices to employees within the Enterprise is: 16,240 shares (sixteen thousand two hundred forty shares); the preferential value is: 487,200,000 VND (four hundred eighty-seven million two hundred thousand VND).
The total number of shares sold at preferential prices to poor employees within the Enterprise to be repaid gradually is: 1,265 shares (one thousand two hundred sixty-five shares); the gradual repayment value is: 88,550,000 VND (eighty-eight million five hundred fifty thousand VND).
Organization of management of the share capital:
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.
Article 2. Converts the Nam Ha Processing and Food Trading Enterprise, a subsidiary of the Hong River Processing and Food Trading Corporation, into a joint-stock company with the following characteristics:
Full name in Vietnamese: Ba Lan Joint-Stock Company
International trading name: Balan Joint Stock Company
Abbreviation: BALAN STOCK Co
2. Main office address: No. 5 Thai Binh Street, Nam Dinh City, Nam Dinh Province.
3. Business sector:
Processing of foodstuffs
Wholesale and retail trade in foodstuffs, agricultural supplies, and product sales agency.
Article 3. The Ba Lan Joint-Stock Company is a legal entity under Vietnamese law from the date of registration for business operations, implementing independent economic accounting, having its own seal, and opening bank accounts in accordance with the law, operating in accordance with the Articles of Association of the Joint-Stock Company and the Law on Enterprises.
Article 4. This Decision takes effect from the date of signature. The Director and Chief Accountant of the Nam Ha Processing and Food Trading Enterprise shall be responsible for managing the operation of the Enterprise until the handover of the entire Enterprise to the Board of Directors and General Director of the Ba Lan Joint-Stock Company. From the handover date, the Decision establishing the Nam Ha Processing and Food Trading Enterprise ceases to be effective.
Article 5.The Head of the Office of the Ministry, the Director of the Cadre and Civil Servant Department, the heads of relevant agencies under the Ministry, the Management Reform Board of the Ministry, the Board of Directors of the Northern Food Corporation, the General Director of the Hong River Processing and Food Trading Corporation, the General Director and the Steering Committee for the Shareholding Transformation of the Nam Ha Processing and Food Trading Enterprise are responsible for implementing this Decision./.
DEPUTY MINISTER
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