Decision No. 15/2000/QĐ-TTg On the conversion of the New Product Enterprise under the Vietnam Fisheries总公司成为股份公司

 DECISION

Regarding the conversion of the New Product Enterprise under the Vietnam Fisheries总公司成为股份公司

 into a joint-stock company

___________________________ 

PRIME MINISTER

Pursuant to the Government Organization Law dated September 30, 1992;

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 Minister of Fisheries.

DECISION:

Article 1. Approves the plan for the shareholding reform of the state-owned enterprise, the New Product Enterprise, as proposed in the Circular No. 112/TTr-BTS dated January 12, 2000, issued by the Minister of Fisheries.

1. The Charter Capital of the Joint-Stock Company: 20,000,000,000 VND.

- State shareholding ratio: 25% of the Charter Capital;

- Shareholding ratio sold to employees within the enterprise: 25% of the Charter Capital;

- Shares sold to external entities outside the enterprise: 50% of the Charter Capital.

2. The actual value of the New Product Enterprise (as per the Decision No. 1606/QĐ-BTC dated October 26, 1999, issued by the Minister of Finance) at the time of January 1, 1999, for the purpose of shareholding reform is 28,347,827,417 VND; of which the actual value of the state capital portion in the enterprise is 14,895,279,642 VND.

The total number of shares sold at a preferential price to employees within the company is 29,415 shares, with the preferential value amounting to 882,450,000 VND.

- Total number of shares sold at preferential prices to employees within the enterprise: 58,020 shares; the total preferential value is 1,740,600,000 VND;

- Among them, the number of preferential shares sold to poor employees within the enterprise to be repaid gradually: 11,240 shares; corresponding to 786,800,000 VND.

Article 2. Convert the state-owned enterprise, the New Product Enterprise under the Vietnam Fisheries总公司，成为股份公司：

- Full name in Vietnamese: Seafood Joint-Stock Company No. 1;

- International trade name: Seafood Joint Stock Company No. 1;

- Main office address: No. 536 Au Co Street, Ward 10, Tan Binh District, Ho Chi Minh City.

Article 3. The Seafood Joint-Stock Company No. 1 engages in production and business activities in the following sectors:

- Purchasing, producing, processing various aquatic and agricultural products, livestock products, and selling them in domestic and international markets;

- Direct import and export of aquatic and agricultural products, livestock products, and other goods, machinery, equipment, raw materials, chemicals, and technological products;

- Providing services for the supply of equipment and installation of industrial cold works, air conditioning systems, electrical systems;

- Cooperating with economic organizations both domestically and internationally through joint ventures and associations;

- Engaging in other production and business activities as prescribed by law.

Article 4. The Seafood Joint-Stock Company No. 1:

- Is a legal entity under Vietnamese law from the date of registration for business operations, conducting business according to the registered permit, implementing independent economic accounting, having its own seal, and opening bank accounts as stipulated by law. Operating according to the Articles of Association of the Joint-Stock Company and the Law on Enterprises;

- The Director and Chief Accountant of the New Product Enterprise are responsible for managing and operating the enterprise until the entire enterprise is handed over to the Board of Directors and General Manager of the Seafood Joint-Stock Company No. 1.

Article 5. This Decision takes effect from the date of signature. Decisions previously issued that conflict with this Decision are hereby repealed. The Minister of Fisheries, the Board of Directors of the Vietnam Fisheries总公司，新成立的股份公司的董事会和总经理负责执行本决定。