Decision No. 151/2004/QD-BCN of the Ministry of Industry converts Vinh Son-Song Hinh Hydropower Plant into a joint stock company with a charter capital of 1.250 billion VND, of which the State holds 60%, employees hold 5%, and 35% is sold to outside enterprises. The company operates in various fields such as electricity production, management and operation services, and hydropower equipment supply.
适用范围
Vinh Son-Song Hinh Hydropower Plant, Vietnam Electricity Corporation, Board of Directors and General Director of Vinh Son-Song Hinh Hydropower Joint Stock Company.
要点
- The charter capital structure of the joint stock company is 1.250 billion VND, of which the State holds 60%, employees hold 5%, and 35% is sold to outside enterprises. The value of one share is 100,000 VND.
- The actual value of Vinh Son-Song Hinh Hydropower Plant at the time of December 31, 2003 was 2,118,936,930,174 VND, of which the State's capital value was 1,253,586,199,127 VND.
- A total of 16,490 preferential shares were sold to employees with a preferential value of 494,700,000 VND.
- Vinh Son-Song Hinh Hydropower Joint Stock Company engages in businesses such as electricity production, management and operation services, hydropower plant maintenance, electrical testing, hydropower equipment supply, and project management consulting.
- Vinh Son-Song Hinh Hydropower Joint Stock Company operates according to the Articles of Association of the joint stock company and the Enterprise Law.
🌐 本文件的社会影响
- Positive impact is that converting state-owned enterprises into joint stock companies helps improve management efficiency and enhance competitiveness in the market.
- Negative impact is that the cost of shareholding transformation and resolving surplus labor may impose a burden on Vietnam Electricity Corporation.
❓ 常见问题
What is the charter capital of Vinh Son-Song Hinh Hydropower Joint Stock Company?
The charter capital of the joint stock company is 1.250 billion VND.
What percentage of shares does the State hold in Vinh Son-Song Hinh Hydropower Joint Stock Company?
The State holds 60% of the shares in Vinh Son-Song Hinh Hydropower Joint Stock Company.
What is the actual value of Vinh Son-Song Hinh Hydropower Plant?
The actual value of Vinh Son-Song Hinh Hydropower Plant at the time of December 31, 2003 was 2,118,936,930,174 VND.
How many preferential shares were sold to employees?
A total of 16,490 preferential shares were sold to 121 employees in the plant.
In which sectors does Vinh Son-Song Hinh Hydropower Joint Stock Company operate?
Vinh Son-Song Hinh Hydropower Joint Stock Company engages in businesses such as electricity production, management and operation services, hydropower plant maintenance, electrical testing, hydropower equipment supply, and project management consulting.
全文
Pursuant to …;
Regarding the conversion of the Vinh Son - Song Hinh Hydroelectric Plant into the Vinh Son - Song Hinh Hydroelectric Joint Stock Company
The Vinh Son - Song Hinh Hydroelectric Plant will be converted into the Vinh Son - Song Hinh Hydroelectric Joint Stock Company
___________________
THE MINISTER OF INDUSTRY
Pursuant to Decree No. 55/2003/NĐ-CP dated May 28, 2003 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Industry;
Pursuant to Decree No. 64/2002/NĐ-CP dated June 19, 2002 of the Government on the conversion of state-owned enterprises into joint-stock companies;
Considering the proposal of Vietnam Electricity Corporation (Letter No. 427/CV-EVN-HĐQT dated November 24, 2004), the privatization plan for the Vinh Son - Song Hinh Hydroelectric Plant and the assessment report of the Privatization and Enterprise Development Board on November 25, 2004;
At the proposal of the Enterprise Reform and Development Board and the Director of the Personnel and Organization Department,
DECISION:
Article 1. Approves the privatization plan for the Vinh Son - Song Hinh Hydroelectric Plant under Vietnam Electricity Corporation, including the following main points:
1. Capital structure:
The charter capital of the company is 1,250,000,000,000 VND (One trillion two hundred fifty billion VND). Among which:
- State shareholding ratio: 60.00%;
- The proportion of shares sold to employees of the plant: 5.00%;
- The proportion of shares sold outside the enterprise: 35.00%.
Value of one share: 100,000 VND.
2. The actual value of the Vinh Son - Song Hinh Hydroelectric Plant at the time of December 31, 2003 for privatization (Decision No. 2909/QĐ-TCKT dated November 3, 2004 of the Ministry of Industry) is 2,118,936,930,174 VND. Of which, the actual value of the State's capital in the plant is 1,253,586,199,127 VND.
3. Preferential treatment for employees of the plant.
A total of 16,490 preferential shares were sold to 121 employees of the plant with a preferential value of 494,700,000 VND.
Regarding the costs of privatization and the resolution of surplus labor, the plant shall handle the procedures and report to Vietnam Electricity Corporation and relevant state agencies for approval according to current regulations.
Article 2. Convert the Vinh Son - Song Hinh Hydroelectric Plant into the Vinh Son - Song Hinh Hydroelectric Joint Stock Company,
- International trade name: VINHSON-SONGHINH HYDRO POWER JOINT STOCK COMPANY;
- Abbreviation: VSHPC;
- Main office address: 21 Nguyen Hue Street, Quy Nhon City, Binh Dinh Province.
Article 3. The joint stock company engages in the following business activities:
- Production of electric power;
- Management, operation, and maintenance services for hydroelectric plants;
- Electrical testing;
- Trading of materials and equipment in the field of hydroelectricity;
- Consulting on project management and construction supervision for hydroelectric plants;
- Engaging in other businesses in accordance with the provisions of the law.
Article 4. The Vinh Son - Song Hinh Hydroelectric Joint Stock Company is a legal entity under Vietnamese law from the date of business registration; it may use its own seal and open bank accounts in accordance with the law; organize and operate according to the Articles of Association of the joint stock company and the Enterprise Law.
Article 5. Vietnam Electricity Corporation shall organize the public auction of shares outside the company and convene the first General Meeting of Shareholders of the joint stock company in accordance with current regulations.
The General Director and Chief Accountant of Vietnam Electricity Corporation are responsible for managing the operations of the plant until the transfer of all capital, assets, labor, and land to the Board of Directors and General Manager of the joint stock company.
Article 6. The Standard Measurement Quality Control Department shall be responsible for organizing and guiding the implementation of the Regulations adopted herein.
The Head of the Ministry's Office, the Inspector General, Department Heads, Bureau Chiefs under the Ministry, the Chairman of the Board of Directors, the General Director of Vietnam Electricity Corporation, the Director of the Vinh Son - Song Hinh Hydroelectric Plant, and the Chairman of the Board of Directors and General Manager of the Vinh Son - Song Hinh Hydroelectric Joint Stock Company are responsible for implementing this Decision./.
DEPUTY MINISTER
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