Decision No. 21/2004/QĐ-BVHTT stipulates the conversion of the Cultural Service Center into a Joint Stock Company for Cultural and Economic Investment Development, with the registered capital structure and ownership ratio of the parties involved. This decision shall take effect fifteen days from the date of publication in the Official Gazette.
适用范围
The Cultural Service Center under the Hotel and Cultural Services Company (a subsidiary of the Vietnam Book Corporation), Vietnam Book Corporation, the Board of Directors, and the General Director of the Joint Stock Company for Cultural and Economic Investment Development.
要点
- The Cultural Service Center → shall be converted into a Joint Stock Company for Cultural and Economic Investment Development with a registered capital of 1,120,000,000 VND, of which 87.8% will be owned by employees of the Center and 12.2% will be sold to external parties.
- The Cultural Service Center → must organize the sale of shares and convene the first shareholders' meeting in accordance with current regulations.
- The Cultural Service Center → shall not grant preferential shares to cadres and workers because social insurance has not been implemented.
- The Cultural Service Center → must manage operations until the full transfer of capital, assets, labor, and land to the Board of Directors and General Director of the Joint Stock Company for Cultural and Economic Investment Development.
- The Vietnam Book Corporation → shall be responsible for directing the Cultural Service Center to implement the conversion steps.
🌐 本文件的社会影响
- Employees of the Cultural Service Center will own shares, creating opportunities to participate in the business post-privatization.
- The Joint Stock Company for Cultural and Economic Investment Development will have capital and assets to develop its business activities.
❓ 常见问题
What is the registered capital of the Joint Stock Company?
The registered capital of the Joint Stock Company is 1,120,000,000 VND (One billion, one hundred twenty million VND).
What percentage of shares are sold to employees of the Cultural Service Center?
The percentage of shares sold to employees of the Cultural Service Center is 87.8%.
Are there any preferential shares for cadres and workers?
There are no preferential shares for cadres and workers because the Center has not yet implemented social insurance.
What should the Cultural Service Center do after this decision takes effect?
The Cultural Service Center must organize the sale of shares and convene the first shareholders' meeting in accordance with current regulations, while managing operations until the full transfer of capital, assets, labor, and land to the Board of Directors and General Director of the Joint Stock Company for Cultural and Economic Investment Development.
When does this decision take effect?
This decision shall take effect fifteen days from the date of publication in the Official Gazette.
全文
Pursuant to …;
Regarding the transformation of the Cultural Service Center into a joint-stock company for cultural and economic development investment
___________________
THE MINISTER OF CULTURE AND INFORMATION
On the basis of Decree No. 63/2003/NĐ-CP dated June 11, 2003 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Culture and Information;
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 Book Corporation (Document No. 114/2004/TCTSVN dated May 20, 2004), the privatization plan of the Cultural Service Center and the appraisal report of the Plan by the Department of Reform and Enterprise Development of the Ministry on May 28, 2004;
Based on the proposal of the Department of Reform and Enterprise Development of the Ministry and the Heads of the Organization and Cadres Department, and the Planning and Finance Department,
DECISION:
Article 1: Approves the privatization plan of the Cultural Service Center under the Hotel and Cultural Service Company (a member enterprise of Vietnam Book Corporation) including the following main points:
1. Capital structure:
The charter capital of the joint-stock company is: 1,120,000,000 VND (One billion, one hundred twenty million VND). Of which:
- State shareholding ratio: 0%
- Shareholding ratio sold to employees within the Center: 87.8%
- Shareholding ratio sold outside the Center: 12.2%
The value of one share is 100,000 VND.
2The actual value of the Cultural Service Center under the Hotel and Cultural Service Company at the time of December 31, 2003 for privatization (Decision No. 839/QĐ-BVHTT dated March 24, 2004 of the Ministry of Culture and Information) is: 16,259,160,316 VND (Sixteen billion, two hundred fifty-nine million, one hundred sixty thousand, three hundred sixteen VND). Of which, the actual value of the state capital in the Cultural Service Center is 644,637,045 VND (Six hundred forty-four million, six hundred thirty-seven thousand, no hundred forty-five VND).
3. Employee benefits.
There are no preferential shares for staff of the Cultural Service Center because the Center has not implemented social insurance. Therefore, all shares are ordinary shares.
4. Regarding the privatization costs of the Center, the Cultural Service Center shall handle the procedures and report to Vietnam Book Corporation and relevant state agencies for approval according to current regulations.
Article 2: Transform the Cultural Service Center under the Hotel and Cultural Service Company into a joint-stock company for cultural and economic development investment.
Article 3: Vietnam Book Corporation is responsible for directing the Cultural Service Center to organize the sale of shares and to organize the first shareholders' meeting of the joint-stock company in accordance with current regulations.
The Director and Accountant of the Cultural Service Center are responsible for managing the operations of the Center until the transfer of all capital, assets, labor, and land to the Board of Directors and General Director of the joint-stock company for cultural and economic development investment.
Article 4: This Decision takes effect fifteen days from the date of publication in the Official Gazette.
The Head of the Office, Heads of the Organization and Cadres Department, and the Planning and Finance Department; the Chairman of the Board of Directors and General Director of Vietnam Book Corporation, the Director of the Cultural Service Center, the Chairman of the Board of Directors and General Director of the joint-stock company for cultural and economic development investment are responsible for implementing this Decision./.
DEPUTY MINISTER
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