Decision No. 237/2003/QĐ-BCN Amending Clause 1 and Clause 2 of Article 1 of Decision No. 141/2003/QĐ-BCN dated July 1, 2003 of the Minister of Industry regarding the conversion of Dong Hai Porcelain Factory under Hai Duong Porcelain Company into Dong Hai Porcelain Joint Stock Company

Pursuant to …;

Regarding the amendment of Clause 1 and Clause 2 of Article 1 of Decision No. 141/2003/QĐ-BCN dated July 1, 2003, issued by the Minister of Industry on transferring the Dong Hai Porcelain Factory under the Hai Duong Porcelain Companyto become the Dong Hai Porcelain 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 the Hai Duong Porcelain Company (Document No. 718 CV/TCKT dated December 26, 2003);

At the proposal of the Enterprise Reform and Development Board of the Ministry of Industry and the Director of the Personnel and Organization Department,

Pursuant to …;

Article 1. Amend Clause 1 and Clause 2 of Article 1 of Decision No. 111/2003/QĐ-BCN dated July 1, 2003, issued by the Minister of Industry on transferring the Dong Hai Porcelain Factory under the Hai Duong Porcelain Company to become the Dong Hai Porcelain Joint Stock Company as follows:

1. Capital structure:

The charter capital of the joint stock company is 1,775,700,000 Vietnamese dong (One billion seven hundred seventy-five million seven hundred thousand Vietnamese dong). Of which:

- State shareholding ratio: 14.90 %;

- Shareholding ratio sold to employees within the factory: 11.56 %;

- Shareholding ratio sold outside the factory: 73.54 %.

Value of one share: 100,000 VND.

2. The actual value of the Dong Hai Porcelain Factory at the time of transfer to the joint stock company on September 30, 2003 (Decision No. 3327/QĐ-TCKT dated December 11, 2003 of the Ministry of Industry) is 2,968,322,890 Vietnamese dong. Among this, the actual value of the state's capital contribution in the enterprise is 1,775,776,588 Vietnamese dong.

Article 2. This Decision takes effect fifteen days from the date of publication in the Official Gazette.

The Director of the Ministry’s Office, the Inspector General of the Ministry, Heads of Departments, Directors of Bureaus under the Ministry, the Director of the Hai Duong Porcelain Company, and the Chairman of the Board of Management and the General Director of the Dong Hai Porcelain Joint Stock Company are responsible for implementing this Decision./.