Decision No. 249/2003/QD-BCN on transferring Company 4 Mineral Development into Company 4 Mineral Development Joint Stock Company.

Decision No. 249/2003/QD-BCN of the Ministry of Industry on converting Company 4 Mineral Development into Company 4 Mineral Development Joint Stock Company, including the charter capital structure, actual value of the company, benefits for employees, and business operation regulations.

Số hiệu249/2003/QĐ-BCN
Loại văn bảnDecision
Cơ quan ban hànhMinistry of Industry and Trade
Người kýĐỗ Hữu Hào — Thứ trưởng
Cập nhật30/06/2026
Lĩnh vựcUncategorized
Ngày ban hành31/12/2003
Ngày áp dụng23/01/2004
Ngày hết hiệu lực
Tình trạngIn effect
✦ Tóm lược thông minh

Decision No. 249/2003/QD-BCN of the Ministry of Industry on converting Company 4 Mineral Development into Company 4 Mineral Development Joint Stock Company, including the charter capital structure, actual value of the company, benefits for employees, and business operation regulations.

Đối tượng áp dụng

Company 4 Mineral Development (after conversion), Vietnam Minerals Corporation, Board of Directors, General Director of Company 4 Mineral Development Joint Stock Company.

Các điểm cốt lõi

  • The charter capital structure of the joint stock company is VND 6 billion, of which the State holds 51%, and employees of the company hold 49%.
  • The actual value of Company 4 Mineral Development at the time of shareholding reform is VND 15,975,024,026, of which the State's equity value is VND 2,573,572,156.
  • Benefits for employees include selling preferential shares totaling 29,400 shares worth VND 882 million.
  • The joint stock company engages in businesses such as mineral exploration, mining, processing, and construction of industrial mine projects.
  • The joint stock company operates independently according to the Articles of Association of the joint stock company and the Enterprise Law.

🌐 Tác động xã hội từ văn bản này

  • Creating opportunities for employees within the company through the sale of preferential shares, but may also create financial pressure.
  • Helping the company operate under a private enterprise model, increasing business efficiency.

❓ Câu hỏi thường gặp

When will Company 4 Mineral Development be converted into a joint stock company?

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

What is the ratio of the State’s charter capital and employees' charter capital in the company?

The State's shareholding ratio is 51%, while the shareholding ratio sold to employees in the company is 49%.

What is the actual value of Company 4 Mineral Development at the time of shareholding reform?

The actual value of the company is VND 15,975,024,026, of which the State's equity value is VND 2,573,572,156.

What benefits are provided to employees?

Benefits for employees include selling preferential shares totaling 29,400 shares worth VND 882 million.

What industries will the Company 4 Mineral Development Joint Stock Company engage in?

The joint stock company engages in businesses such as mineral exploration, mining, processing, and construction of industrial mine projects.

Toàn văn

MINISTRY OF INDUSTRY

SOCIALIST REPUBLIC OF VIET NAM
Independence – Freedom – Happiness

Number: 249/2003/QĐ-BCN
HA NOI, December 31, 2003

DECISION OF THE MINISTER OF INDUSTRY

Regarding the transfer of Mineral Development Company 4

to the Development Minerals Joint Stock Corporation 4

 

 

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 Vietnam Minerals Joint Stock Corporation (Letter No. 1363/CV-TCKT dated December 30, 2003), the Privatization Plan for Mineral Development Company 4, and the Appraisal Report on the Plan by the Ministry's Enterprise Reform and Development Board on December 26, 2003;

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

 

DECISION:

Article 1. Approving the Privatization Plan for Mineral Development Company 4 (an independent accounting member enterprise of Vietnam Minerals Joint Stock Corporation) which includes the following main points:

1. Capital structure:

The charter capital of the company is 6,000,000,000 VND (Six billion VND). Among which:

State shareholding ratio: 51.00%;

The proportion of shares sold to employees within the company: 49.00%.

Value of one share: 100,000 VND.

2. The actual value of Mineral Development Company 4 at the valuation date of June 30, 2003 for privatization (Decision No. 3276/QĐ-TCKT dated December 9, 2003 of the Ministry of Industry) is 15,975,024,026 Vietnamese dong. Among this, the actual value of the State capital in the company is 2,573,572,156 Vietnamese dong.

3. Preferential treatment for employees of the Company.

The total number of preferential shares sold to 342 employees in the company is 29,400 shares with a preferential value of 882,000,000 Vietnamese dong.

4. Regarding privatization costs, retraining, and surplus labor resolution, the company shall process and report to Vietnam Minerals Joint Stock Corporation and relevant state authorities for approval according to current regulations.

Article 2. Transferring Mineral Development Company 4 into Mineral Development Joint Stock Company 4,

International trade name: MINERAL DEVELOPMENT JOINT STOCK COMPANY No 4;

Abbreviation: MIDECO4;

Head office address: Le Viet Thuat Street, Vinh City, Nghe An Province.

Article 3. The joint stock company engages in the following business activities:

Exploration, mining, processing, trading, and exporting various types of minerals;

Construction of industrial mine projects;

Engaging in other businesses in accordance with the provisions of the law.

Article 4. Mineral Development Joint Stock Company 4 is a legal entity under Vietnamese law from the date of business registration, independently accounting for its economic activities, using its own seal, opening bank accounts as prescribed by law, and operating according to the Company’s Charter and the Law on Enterprises.

Article 5. Vietnam Minerals Joint Stock Corporation is responsible for directing Mineral Development Company 4 to organize the sale of shares and convene the first General Meeting of Shareholders of the joint stock company in accordance with current regulations.

The Director and Chief Accountant of Mineral Development Company 4 are responsible for managing the company's operations 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 from the date of publication in the Official Gazette.

The Director of the Ministry's Office, the Director of the Ministry's Inspectorate, the Heads of Departments and Bureaus under the Ministry, the Chairman of the Board of Directors, the General Director of Vietnam Minerals Joint Stock Corporation, the Director of Mineral Development Company 4, and the Chairman of the Board of Directors and General Director of Mineral Development Joint Stock Company 4 are responsible for implementing this Decision./.

DEPUTY MINISTER
DEPUTY MINISTER
(Signed)
Do Huu Hao
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