This Decision stipulates the transfer of the Transport Workshop under Cement Company Hà Tiên 1 to a Joint Stock Company, including the charter capital, the actual value of the business unit for shareholding reform, benefits for employees, and the business sectors of the new company. This Decision applies to Vietnam Cement Corporation, Cement Company Hà Tiên 1, and the Board of Directors of Hà Tiên Transport Joint Stock Company.
Scope of application
Vietnam Cement Corporation, Cement Company Hà Tiên 1, and the Board of Directors of Hà Tiên Transport Joint Stock Company
Key points
- The Transport Workshop under Cement Company Hà Tiên 1 shall be transferred to a Joint Stock Company with a charter capital of 48,000,000,000 VND, of which the State holds 30%, employees hold 25%, and other entities outside the enterprise hold 45%
- The actual value of the business unit for shareholding reform is 47,538,983,767 VND, of which the actual value of the State's portion is 47,233,700,474 VND
- Employees are granted preferential shares totaling 64,280 shares and a preferential value of 1,928,400,000 VND
- Hà Tiên Transport Joint Stock Company has its headquarters at kilometer 7 on Hà Nội Road, Thu Duc District, Ho Chi Minh City, operating waterway transportation services and other units as provided by law
- Hà Tiên Transport Joint Stock Company becomes an independent legal entity from the date it receives its business registration certificate
🌐 Social impact of this document
- Positive impact: Creates opportunities for employees to participate in ownership of the company through preferential share grants
- Negative impact: May cause difficulties during the process of converting the enterprise from a Workshop to a Joint Stock Company
❓ Frequently asked questions
What is the charter capital of Hà Tiên Transport Joint Stock Company?
The charter capital of Hà Tiên Transport Joint Stock Company is 48,000,000,000 VND.
What percentage of shares does the State hold in the new company?
The State holds 30% of the charter capital of Hà Tiên Transport Joint Stock Company.
How many shares are employees granted preferentially?
Employees are granted preferential shares totaling 64,280 shares.
What business sectors does the new company operate in?
Hà Tiên Transport Joint Stock Company operates in waterway transportation services, domestic and international road transportation, material and equipment consolidation, transport vehicle operation, and port facility exploitation.
When does this Decision take effect?
This Decision takes effect from the date of signing.
Full text
|
PRIME MINISTER |
SOCIALIST REPUBLIC OF VIETNAM |
|
Number: 24/2000/QĐ-TTG |
Hanoi, February 21, 2000 |
Pursuant to …;
Regarding the transfer of the Transport Enterprise
under Cement Company Ha Tien 1 to a Joint Stock Company
PRIME MINISTER
Pursuant to the Government Organization Law dated September 30, 1992;
Pursuant to Decree No. 44/1998/NĐ-CP dated June 29, 1998 of the Government on converting State-owned enterprises into Joint Stock Companies;
At the proposal of the Board of Directors of Vietnam Cement Corporation,
DECISION:
Article 1. Approves the plan for the conversion of the Transport Enterprise under Cement Company Ha Tien 1 - Vietnam Cement Corporation as follows:
1. Charter Capital: 48,000,000,000 VND
Wherein:
- State shareholding ratio: 30% of the Charter Capital,
- Shareholding ratio sold to employees within the enterprise: 25% of the Charter Capital,
- Shareholding ratio sold to external entities outside the enterprise: 45% of the Charter Capital,
2. The actual value of the business unit for conversion: 47,538,983,767 VND, of which the actual value of the State capital portion: 47,233,700,474 VND.
3. Employee preferences:
Total number of shares offered at a preferential price to employees: 64,280 shares; the total preferential value: 1,928,400,000 VND.
4. After the conversion, the Transport Enterprise shall use the proceeds from the sale of shares as follows:
- Training and retraining for employees: 250,000,000 VND.
Article 2. Transfer the Transport Enterprise under Cement Company Ha Tien 1 to a Joint Stock Company.
- Full name in Vietnamese: Hatien Transport Joint Stock Company,
- International trade name: HATIEN TRANSPORT JOINT STOCK COMPANY,
- Abbreviated international trade name: HATIEN TRANSCO,
- Main office: No. 7, Hanoi Road, Thu Duc District, Ho Chi Minh City.
Article 3. Hatien Transport Joint Stock Company operates in the following industries:
- Inland and international waterway and road transportation services,
- Comprehensive trading of materials, equipment, transport vehicles, and exploitation of wharfs,
- Other industries permitted by law.
Article 4. Hatien Transport Joint Stock Company:
- Is a legal entity under Vietnamese law from the date of registration for business operations, implements independent economic accounting, has its own seal, and is allowed to open bank accounts according to the law, operates according to the Company's Articles of Association and the Law on Enterprises.
- The General Director and Chief Accountant of Cement Company Ha Tien 1 are responsible for managing the Transport Enterprise until it is fully handed over to the Board of Directors and General Director of Hatien Transport Joint Stock Company.
Article 5. This Decision takes effect from the date of signature. Any previous decisions contrary to this Decision are hereby repealed. The Board of Directors of Vietnam Cement Corporation, the General Director of Cement Company Ha Tien 1, and the Board of Directors of Hatien Transport Joint Stock Company are responsible for implementing this Decision./.
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Place of Receipt: |
DEPUTY PRIME MINISTER DEPUTY PRIME MINISTER (Signed) Nguyen Tan Dung |
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