Decision No. 22/2000/QD-BNN-TCCB of the Ministry of Agriculture and Rural Development approves the plan to convert the Material, Equipment and Construction Company into the Construction and Material Equipment Joint Stock Company. The Decision stipulates the actual value of the enterprise, registered capital, benefits for employees, name, and business activities of the new company.
적용 범위
The Material, Equipment and Construction Company (a component of the General Corporation for Irrigation Construction I), employees in the Company, Board of Directors, Enterprise Management Reform Committee at the General Corporation for Irrigation Construction I.
핵심 사항
- The Material, Equipment and Construction Company is converted into a joint stock company with an actual value of 8,418,127,805 Vietnamese dong, of which state-owned capital accounts for 3,145,309,437 Vietnamese dong.
- The registered capital of the joint stock company is 3,300,000,000 Vietnamese dong, divided into 33,000 shares, all sold to employees within the enterprise (100%).
- Employees are granted 20,968 shares with a value of 629,061,887 Vietnamese dong and 4,193 shares to be paid gradually with a value of 293,552,000 Vietnamese dong.
- The full name of the company is the Construction and Material Equipment Joint Stock Company (MESCO), headquartered at House No. 3b Physical Education Street, Hai Ba Trung District, Hanoi City.
- Business activities include supplying materials, equipment, and spare parts for irrigation works; extracting construction materials; importing equipment for irrigation projects; transporting and constructing medium and small irrigation works.
🌐 이 문서의 사회적 영향
- Employees in the Material, Equipment and Construction Company will benefit from the conversion through share grants.
- The new company can operate independently under clear legal regulations, creating conditions for rapid enterprise development.
- This transition may lead to changes in management and organization of the company, affecting the rights of current employees.
❓ 자주 묻는 질문
When was the Material, Equipment and Construction Company converted into a joint stock company?
This Decision takes effect from the date of signature.
What is the registered capital of the joint stock company?
The registered capital of the joint stock company is 3,300,000,000 Vietnamese dong.
How are employees benefited during the conversion process?
Employees are granted 20,968 shares with a value of 629,061,887 Vietnamese dong and 4,193 shares to be paid gradually with a value of 293,552,000 Vietnamese dong.
What is the full name of the new company?
The full name of the company is the Construction and Material Equipment Joint Stock Company (MESCO).
What are the main business activities of the new company?
Business activities include supplying materials, equipment, and spare parts for irrigation works; extracting construction materials; importing equipment for irrigation projects; transporting and constructing medium and small irrigation works.
전문
Pursuant to …;
Regarding the transformation of the Material and Construction Equipment Company into a joint-stock construction and material equipment company
___________________________
THE MINISTER OF AGRICULTURE AND RURAL DEVELOPMENT
Considering the proposal of the Board of Directors of the Vietnam Livestock Corporation and the Director of the Cadre and Civil Service Department;
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;
Considering the proposal of the Enterprise Management Reform Board of the Ministry of Agriculture and Rural Development, the Director of the Personnel Department, the Board of Directors and General Director of the Water Resources Construction Corporation I, and the Director of the Material and Construction Equipment Company,
DECISION:
Article 1. Approves the plan for the shareholding reform of the Material and Construction Equipment Company (a state-owned enterprise under the Water Resources Construction Corporation I - Ministry of Agriculture and Rural Development), with the main contents as follows:
1. The actual value of the enterprise at 00:00 on December 31, 1998, for the purpose of shareholding reform is: 8,418,127,805 VND (eight billion, four hundred eighteen million, one hundred twenty-seven thousand, eight hundred fifteen VND). Among this, the actual value of the state capital in the enterprise is: 3,145,309,437 VND (three billion, one hundred forty-five million, three hundred nine thousand, four hundred thirty-seven VND).
2. The Charter Capital of the Joint-Stock Company: 3,300,000,000 VND (three billion, three hundred million VND). This total capital is divided into 33,000 shares, all of which will be sold to employees of the enterprise (meaning that the employee shares will account for 100% of the charter capital structure).
3. Preferences for employees of the enterprise:
- Total number of preferential shares for employees of the enterprise: 20,968 shares. The value of the preferential portion is: 629,061,887 VND (six hundred twenty-nine million, sixty-one thousand, eight hundred eighty-seven VND).
- Total number of preferential shares for poor employees of the enterprise to be repaid gradually: 4,193 shares, the gradual repayment value is: 293,552,000 VND (two hundred ninety-three million, five hundred fifty-two thousand VND).
4. Organization of management of proceeds from the sale of shares: To be implemented according to Section V, Part II of Circular No. 104/1998/TT-BTC dated July 18, 1998, issued by the Ministry of Finance guiding financial matters when converting enterprises into joint-stock companies, and Point 6 of Document No. 3138/TC-TCDN dated August 19, 1998, issued by the Ministry of Finance regarding guidance on implementing the shareholding reform of state-owned enterprises.
Article 2. Transforming the Material and Construction Equipment Company into a joint-stock company with the following characteristics:
1. Full name in Vietnamese: Joint-Stock Company for Construction and Material Equipment
Trading name in English: Material-Equipment Supply and Construction Joint-Stock Company
Abbreviation: MESCO
2. Place of business: House No. 3B The Giao Street, Hai Ba Trung District, Hanoi City.
3. Business sector:
- Supply of materials, equipment, and spare parts for water conservancy projects;
- Exploitation of construction materials;
- Import of equipment (materials, motorcycles) for water conservancy projects;
- Transportation of materials, equipment, and goods by road;
- Construction of small and medium-sized water conservancy projects; - Consulting on procurement of materials and equipment.
Article 3.
1. The Joint-Stock Company for Construction and Material Equipment shall be a legal entity under Vietnamese law from the date of registration for business operations, implementing independent economic accounting, having its own seal, opening accounts at banks in accordance with the law, and operating in accordance with the Articles of Association of the Joint-Stock Company for Construction and Material Equipment and the Law on Enterprises.
2. The Director and Chief Accountant of the Material and Construction Equipment Company are responsible for managing and operating the company until the entire enterprise is handed over to the Board of Directors and General Director of the Joint-Stock Company for Construction and Material Equipment. From the handover date, the decision establishing the state-owned enterprise, the Material and Construction Equipment Company, ceases to be effective.
3Considering the proposal of the Water Resources Construction Corporation I in Document No. 49 TCT1-VP/CV dated January 29, 2000, respectfully submitted to the Ministry of Agriculture and Rural Development regarding the construction of the headquarters of the Water Resources Construction Corporation I and the shareholding reform of the Material and Construction Equipment and Construction Company, and the proposal of the Material and Construction Equipment Company in Document No. 41 CV/CPH dated February 10, 2000, respectfully submitted to the Enterprise Management Reform Board of the Ministry of Agriculture and Rural Development requesting approval of the shareholding reform plan for the enterprise, the Ministry assigns the Planning and Planning Department, together with the Corporation and the Company, to continue to handle legal procedures in accordance with the content of Document No. 2191/BNN-VP dated May 28, 1998, issued by the Ministry of Agriculture and Rural Development to the Water Resources Construction Corporation I regarding the construction of the headquarters of the Water Resources Construction Corporation I in accordance with current regulations of the State.
Article 4. This Decision shall take effect from the date of signing.
The Head of the Office of the Ministry, the Director of the Personnel Department, the Enterprise Management Reform Board of the Ministry, the Heads of relevant units under the Ministry, the Board of Directors, the Enterprise Management Reform Board at the Water Resources Construction Corporation I, and the General Director of the Water Resources Construction Corporation I, along with the Director of the Material and Construction Equipment Company, are responsible for enforcing this decision.
DEPUTY MINISTER
관계도
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