Decision No. 20/2001/QD-BCN of the Minister of Industry amends the charter capital structure and the date of transformation of Binh Dinh Vegetable Oil Company into a joint stock company. The charter capital is 4 billion VND, of which 68.6% is sold to employees and 31.4% is sold to other entities. The company will be transformed from April 1, 2001.
Scope of application
Binh Dinh Vegetable Oil Company and the shareholders of the company after its transformation into a joint stock company.
Key points
- Charter capital structure: 4,000,000,000 VND, of which 68.6% is sold to employees and 31.4% is sold to other entities (Article 1, Clause 1).
- Value of one share: 100,000 VND (Article 1, Clause 1).
- Vietnamese name: Binh Dinh Vegetable Oil Joint Stock Company; English name: BINHDINH VEGETABLE OIL STOCK COMPANY, abbreviated as BIVOCO (Article 2).
- Main office located at Zone 4, Quang Trung Ward, Quy Nhon City, Binh Dinh Province (Article 2).
- Date of transformation: from April 1, 2001 (Article 2).
🌐 Social impact of this document
- Binh Dinh Vegetable Oil Company will have a new shareholder structure, with the majority of shares owned by employees, enhancing employee benefits.
- Transformation into a joint stock company brings many advantages in management and business operations, but also imposes requirements for compliance with securities laws.
❓ Frequently asked questions
What is the charter capital of Binh Dinh Vegetable Oil Joint Stock Company?
The charter capital of Binh Dinh Vegetable Oil Joint Stock Company is 4,000,000,000 VND.
What are the ratios of shares sold to employees and other entities?
The ratio of shares sold to employees in the company is 68.6%, while the ratio of shares sold to other entities outside the company is 31.4%.
What is the value of one share of Binh Dinh Vegetable Oil Joint Stock Company?
The value of one share of Binh Dinh Vegetable Oil Joint Stock Company is 100,000 VND.
What are the Vietnamese and English names of the company after its transformation into a joint stock company?
The Vietnamese name of the company is Binh Dinh Vegetable Oil Joint Stock Company, and the English name is BINHDINH VEGETABLE OIL STOCK COMPANY (BIVOCO).
When was Binh Dinh Vegetable Oil Company transformed into a joint stock company?
The transformation date is April 1, 2001.
Full text
Pursuant to …;
Regarding the amendment of Clause 1 Article 1 and Article 2 of Decision No. 73/2000/QĐ-BCN dated December 22, 2000 non converting Binh Dinh Vegetable Oil Company into Binh Dinh Vegetable Oil Joint Stock Companyof the Minister of Industry Considering the proposal of Binh Dinh Vegetable Oil Company (report No. 28/DTV dated March 16, 2001) regarding the request to adjust the charter capital structure and the conversion date of Binh Dinh Vegetable Oil Joint Stock Company;
_____________________
THE MINISTER OF INDUSTRY
Pursuant to the Government Decree No. 74/CP dated November 1, 1995 on the functions, tasks, powers, and organizational structure of the Ministry of Industry;
Pursuant to Decree No. 44/1998/NĐ-CP dated June 29, 1999 of the Government on the transformation of state-owned enterprises into joint stock companies;
Upon the recommendation of the Enterprise Management Reform Board of the Ministry of Industry and the Director of the Department of Organization and Cadres,
Amend Clause 1 Article 1 and Article 2 of Decision No. 73/2000/QĐ-BCN dated December 22, 2000 of the Minister of Industry on converting Binh Dinh Vegetable Oil Company into Binh Dinh Vegetable Oil Joint Stock Company as follows.
DECISION:
Article 1. 1. Clause 1 Article 1 shall be amended as follows:
"1. Charter capital structure. The charter capital of the company is: 4,000,000,000 VND (Four billion VND).
Of which,
- Proportion of shares sold to employees within the company: 68.6%;
- Proportion of shares sold to other entities outside the company: 31.4%.
Value of one share: 100,000 VND."
2. Article 2 shall be amended as follows:
"Convert Binh Dinh Vegetable Oil Company into Binh Dinh Vegetable Oil Joint Stock Company from April 1, 2001,
- Name in Vietnamese: Binh Dinh Vegetable Oil Joint Stock Company;
- English name: BINHDINH VEGETABLE OIL STOCK COMPANY, abbreviated as: BIVOCO;
- Main office located at: Area 4, Quang Trung Ward, Quy Nhon City, Binh Dinh Province."
The Head of the Ministry's Office, the Inspector General of the Ministry, Heads of Departments and Directors of Bureaus under the Ministry, the Director of Binh Dinh Vegetable Oil Company, the Chairman of the Board of Directors and the General Director of Binh Dinh Vegetable Oil Joint Stock Company are responsible for implementing this Decision./.
Article 2. This Decision shall take effect fifteen days from the date of signature.
The Head of the Ministry’s Office, the Inspector General of the Ministry, the Heads of Departments and Directors of Bureaus under the Ministry, the Director of the Binh Dinh Vegetable Oil Company, the Chairman of the Board of Directors and the Director of the Binh Dinh Vegetable Oil Joint Stock Company are responsible for implementing this Decision./.
DEPUTY MINISTER
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