Decision No. 275/2006/QD-TTg approves the plan to transfer the Thang Long Construction Corporation to operate under the parent company - subsidiary model, applicable to the Corporation and its subsidiaries and associated companies. This decision shall take effect fifteen days from the date of publication in the Official Gazette.
要点
- The Thang Long Construction Corporation will be transformed into a parent company - subsidiary model, with independent legal personality and responsibility for preserving and developing state capital.
- The parent company retains controlling shares in subsidiaries such as Thang Long Bridge 3, Thang Long Bridge 5, Thang Long Construction 9, etc.
- The relationship between the parent company and the state owner as well as with subsidiaries and associated companies shall be carried out in accordance with the provisions of the law.
- The Ministry of Transport is responsible for directing and monitoring the transformation, deciding on the establishment of the parent company and the privatization of subsidiaries in 2007.
- This decision shall take effect fifteen days from the date of publication in the Official Gazette.
🌐 本文件的社会影响
- The positive impact of the organizational structure change is that it helps the Thang Long Construction Corporation operate more efficiently, improving productivity and product quality.
- Negative impacts may include costs for the privatization process and restructuring of subsidiaries.
❓ 常见问题
Which companies does the parent company hold controlling shares in?
The parent company holds controlling shares in subsidiaries such as Thang Long Bridge 3, Thang Long Bridge 5, Thang Long Construction 9, etc. (Article 1.2).
What is the deadline for implementing privatization?
Privatization of subsidiaries will be completed in 2007 according to the directive of the Ministry of Transport (Article 1.3).
Who is responsible for implementing this Decision?
The Minister of Transport and the Board of Directors of the Thang Long Construction Corporation are responsible for enforcing the decision (Article 2).
When does this Decision come into effect?
This decision shall take effect fifteen days from the date of publication in the Official Gazette (Article 3).
What responsibilities will the parent company undertake?
The parent company will directly carry out production, business operations, and investment in other companies; at the same time, it will be responsible for preserving and developing state capital at the parent company and investments in other companies (Article 1.1).
全文
Pursuant to …;
Approving the Plan to convert the Thang Long Construction Corporation into an organization and operation model of a holding company - subsidiary company operates under the holding company - subsidiary model
_______________________
PRIME MINISTER
Pursuant to the Law on Organization of the Government dated December 25, 2001;
Pursuant to the Law on State-Owned Enterprises dated November 26, 2003;
Pursuant to the Enterprise Law dated November 29, 2005;
Pursuant to Decree No. 153/2004/NĐ-CP dated August 9, 2004 of the Government on the organization, management, and transformation of state-owned corporations and independent state-owned enterprises into a holding company - subsidiary company model;
Considering the proposal of the Ministry of Transport.
Pursuant to …;
Article 1. Approving the Plan to convert the Thang Long Construction Corporation into an organization and operation model of a holding company - subsidiary company with the main contents as follows:
1. The holding company - Thang Long Construction Corporation is a state-owned enterprise, having legal personality, seal, charter for organization and operation; it is entitled to open domestic currency and foreign currency accounts at the State Treasury, domestic and foreign banks in accordance with the provisions of the law; directly implementing production, business activities, and investing capital in other companies; responsible for preserving and developing state capital in the holding company and invested capital in other companies.
The holding company is formed based on restructuring the Office of the Thang Long Construction Corporation and dependent accounting units, public service units: Thang Long Bridge Company No. 1, Thang Long Construction and Technology Development Company, Thang Long Construction Consulting Company, Thang Long Import-Export Investment Construction and Labor Center, Project Management Center, Branch of the Corporation in Ho Chi Minh City, Thang Long Technical Vocational Engineering School, Nam Thang Long Hospital.
The holding company has the responsibility to inherit the legal rights, obligations, and legitimate interests of the Thang Long Construction Corporation.
The management and operation structure of the holding company includes: Board of Directors, Supervisory Board, General Director, Deputy General Directors, Chief Accountant, and supporting staff.
2. Subsidiaries are joint-stock companies, the holding company holds controlling shares:
- Thang Long Bridge Joint-Stock Company No. 3;
- Thang Long Bridge Joint-Stock Company No. 5;
- Thang Long Construction Joint-Stock Company No. 9;
- Thang Long Bridge Joint-Stock Company No. 11;
- Thang Long Construction Joint-Stock Company No. 12;
- Thang Long Machinery and Construction Joint-Stock Company;
- Thang Long Testing and Construction Joint-Stock Company.
3. Associated companies:
a) Joint-stock companies, limited liability companies with two or more members, joint ventures with less than 50% of the registered capital held by the holding company:
- Thang Long Construction Joint-Stock Company No. 2;
- Thang Long Construction Joint-Stock Company No. 4;
- Thang Long Construction Joint-Stock Company No. 6;
- Thang Long Machinery and Construction Joint-Stock Company No. 10;
- Thang Long Construction Joint-Stock Company No. 16;
- Thang Long Construction and Transportation Joint-Stock Company;
- Eastern Urban Investment and Construction Joint-Stock Company;
- BOT Yen Lanh Bridge Limited Liability Company;
- BOT Route 188 Limited Liability Company;
- Thang Long - Mekong Concrete Limited Liability Company;
- Mitsui - Thang Long Steel Structure Limited Liability Company.
b) Companies undergoing shareholding reform in 2006, the holding company holds less than 50% of the registered capital:
- Thang Long Machinery and Construction Corporation (completed in 2006);
- Thang Long Construction Corporation No. 8 (completed in 2006);
- Thang Long Bridge Corporation No. 7.
4. The relationship between the holding company and the state owner and subsidiaries, associated companies shall be implemented in accordance with the provisions of the law and the Charter for organization and operation of the holding company.
Article 2. Implementation organization:
1. Minister of Transport:
- Directing and monitoring the implementation of this Decision;
- Deciding to establish the holding company and transform the companies mentioned in point b, Clause 3, Article 1 of this Decision into joint-stock companies in accordance with the law. Companies that do not meet the conditions for shareholding reform shall be sold, dissolved, or liquidated in 2007;
- Approving the Charter for organization and operation of the holding company - Thang Long Construction Corporation;
- Directing the Board of Directors of the Thang Long Construction Corporation to implement the shareholding reform of the holding company by the first quarter of 2008;
- Thang Long Construction Joint Stock Company in the first quarter of 2008.
2. The Board of Directors of the Thang Long Construction Corporation shall organize the implementation of this Decision in accordance with current regulations.
Article 3. This Decision takes effect fifteen days after its publication in the Official Gazette.
The Ministers of Transport, Finance, Planning and Investment, Home Affairs, Labor, War Invalids and Social Affairs, the Steering Committee for Enterprise Reform and Development, heads of relevant agencies, and the Board of Directors of the Thang Long Construction Corporation are responsible for enforcing this Decision./.
VICE-PRESIDENT OF THE GOVERNMENT
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