Decision No. 243/2003/QĐ-BCN of the Ministry of Industry to convert Phuc Yen Printing and Cultural Products Factory into Phuc Yen Printing Joint Stock Company with a charter capital of 7 billion VND, of which the State holds 35%, workers in the factory hold 56.5%, and 8.5% is sold outside the factory. This decision stipulates the conditions for shareholding reform, the international trading name, and the business sectors of the new company.
Đối tượng áp dụng
Phuc Yen Printing and Cultural Products Factory (now Phuc Yen Printing Joint Stock Company), Vietnam Paper Corporation, Board of Directors, General Director and Chief Accountant of Phuc Yen Printing and Cultural Products Factory, Chairman of the Board of Directors, General Director of Phuc Yen Printing Joint Stock Company.
Các điểm cốt lõi
- Phuc Yen Printing and Cultural Products Factory → converted into Phuc Yen Printing Joint Stock Company with a charter capital of 7 billion VND, of which the State holds 35%, workers in the factory hold 56.5%, and 8.5% is sold outside the factory.
- Phuc Yen Printing and Cultural Products Factory → underwent shareholding reform with an actual value of 12,271,145,912 VND, of which the actual value of the State's capital at the Factory was 7,366,193,631 VND.
- Phuc Yen Printing and Cultural Products Factory → provided preferential treatment to workers in the factory with a total of 25,848 preferential shares worth 775,440,000 VND, of which 5,170 preferential shares worth 361,900,000 VND were sold on credit to 38 poor workers.
- Phuc Yen Printing Joint Stock Company → engages in businesses such as producing and trading paper products, printing, and packaging; trading and importing/exporting materials and equipment for the printing and paper industries; rental services; and other businesses in accordance with the law.
- Phuc Yen Printing Joint Stock Company → became a legal entity under Vietnamese law from the date of registration for business operations.
🌐 Tác động xã hội từ văn bản này
- Positive impact: The joint stock company will enhance management efficiency and production and business activities, creating opportunities for workers in the factory to hold shares.
- Negative impact: It may cause job instability for some workers who do not receive preferential shares.
❓ Câu hỏi thường gặp
What is the charter capital of Phuc Yen Printing Joint Stock Company?
The charter capital of Phuc Yen Printing Joint Stock Company is 7 billion VND.
What percentage of shares does the State hold in Phuc Yen Printing Joint Stock Company?
The State holds 35% of the shares in Phuc Yen Printing Joint Stock Company.
How much preferential shares do workers in Phuc Yen Printing and Cultural Products Factory receive?
Workers in Phuc Yen Printing and Cultural Products Factory receive 56.5% preferential shares.
What is the actual value of Phuc Yen Printing and Cultural Products Factory?
The actual value of Phuc Yen Printing and Cultural Products Factory at the time of shareholding reform on January 1, 2003 was 12,271,145,912 VND.
What business sectors does Phuc Yen Printing Joint Stock Company operate in?
Phuc Yen Printing Joint Stock Company operates in the production and trading of paper products, printing, and packaging; trading and importing/exporting materials and equipment for the printing and paper industries; rental services; and other businesses in accordance with the law.
Toàn văn
DECISION OF THE MINISTER OF INDUSTRY
Regarding the transfer of Phuc Yen Printing and Cultural Products Factory to Phuc Yen Printing Joint Stock Company
Article 1. Approves the plan for the conversion of Phuc Yen Printing and Cultural Products Factory (a subsidiary operating independently under Vietnam Paper Joint Stock Corporation) into a joint stock company, including the following main points:
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;
1. Authorized Capital Structure: The authorized capital of the company is 7,000,000,000 VND (Seven billion VND). Among which: State share ratio: 35.00%; Share ratio sold to employees within the factory: 56.50%; Share ratio sold outside the factory: 8.50%. Value of one share: 100,000 VND.
At the proposal of the Enterprise Reform and Development Board and the Director of the Personnel and Organization Department,
DECISION:
2. The actual value of Phuc Yen Printing and Cultural Products Factory at the time of January 1, 2003 for the purpose of conversion (Decision No. 3344/QĐ-TCKT dated December 12, 2003 of the Ministry of Industry) is 12,271,145,912 VND. Among this, the actual value of the state's portion in the factory is 7,366,193,631 VND.
3. Employee benefits. The total number of shares sold with preferential treatment to 158 employees in the factory is 25,848 shares with a preferential value of 775,440,000 VND. Among these, the number of shares sold with deferred payment preferential treatment to 38 poor employees is 5,170 shares, valued at 361,900,000 VND.
4. Regarding the costs of conversion, retraining of employees, and resolution of surplus labor, the factory will handle procedures, report to Vietnam Paper Joint Stock Corporation and relevant state authorities for approval according to current regulations.
Article 2. Transfer Phuc Yen Printing and Cultural Products Factory to Phuc Yen Printing Joint Stock Company,
International trade name: PHUCYEN PRINTING JOINT STOCK COMPANY; Abbreviation: PPCO; Head office located at Tran Phu Street, Phuc Yen Town, Me Linh District, Vinh Phuc Province.
Article 3. The joint stock company engages in the following business activities:
Production and trading of paper products, printing products, and packaging; Trading and import/export of printing materials and equipment, and paper; Rental services of houses; Other businesses in accordance with the provisions of the law.
Article 4. Phuc Yen Printing Joint Stock Company is a legal entity under Vietnamese law from the date of registration for business operation, operates independently economically, uses its own seal, opens accounts at banks in accordance with the law, and operates according to the Articles of Association of the joint stock company and the Enterprise Law.
Article 5. Vietnam Paper Joint Stock Corporation is responsible for directing Phuc Yen Printing and Cultural Products Factory to organize the sale of shares and to organize the first General Meeting of Shareholders of the joint stock company in accordance with current regulations.
The Director and Chief Accountant of Phuc Yen Printing and Cultural Products Factory are responsible for managing the operations of the factory until the full transfer of capital, assets, labor, and land to the Board of Directors and General Manager of the joint stock company.
Article 6. This Decision takes effect fifteen days after its publication in the Official Gazette.
The Head of the Ministry’s Office, the Inspector General of the Ministry, the Heads of Departments and Bureaus under the Ministry, the Chairman of the Board of Directors, the General Director of Vietnam Paper Joint Stock Corporation, the Director of Phuc Yen Printing and Cultural Products Factory, and the Chairman of the Board of Directors and the General Manager of Phuc Yen Printing Joint Stock Company are responsible for implementing this Decision.
This Decision shall take effect fifteen days after the date of publication in the Official Gazette.
The Head of the Ministry’s Office, the Inspector General of the Ministry, the Heads of Departments under the Ministry, the Chairman of the Board of Management, the General Director of Vietnam Paper Joint Stock Corporation, the Director of Phuc Yen Printing and Cultural Products Factory, and the Chairman of the Board of Management and the Director of Phuc Yen Printing Joint Stock Company are responsible for implementing this Decision.
DEPUTY MINISTER
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