Decision No. 28/2005/QĐ-BCN amends the charter capital structure, actual value, and benefits for employees of Hung Yen Plastic Joint Stock Company. This decision applies to Hung Yen Plastic Joint Stock Company.
Scope of application
Hung Yen Plastic Joint Stock Company
Key points
- Hung Yen Plastic Joint Stock Company has a charter capital of 6 billion VND, with 100% of shares sold to employees.
- The actual value of Hung Yen Plastic Company at the time of December 31, 2003, for privatization purposes was 174,543,305,382 VND, of which the actual value of state-owned capital was 5,906,365,806 VND.
- A total of 60,000 preferential shares were sold to employees in the company, with a total preferential value of 1,800,000,000 VND, including 7 poor workers who were sold preferential shares on credit.
- This decision takes effect fifteen days from the date of publication in the Official Gazette.
🌐 Social impact of this document
- Employees at Hung Yen Plastic Company will receive preferential shares, allowing them to participate in ownership of the company.
- The company has additional charter capital for business development.
❓ Frequently asked questions
What is the charter capital of Hung Yen Plastic Joint Stock Company?
The charter capital of Hung Yen Plastic Joint Stock Company is 6 billion VND (6,000,000,000 VND).
Which shares are sold to employees in the company?
100% of the shares of Hung Yen Plastic Joint Stock Company are sold to employees.
What is the actual value of Hung Yen Plastic Company?
The actual value of Hung Yen Plastic Company at the time of December 31, 2003, for privatization purposes was 174,543,305,382 VND.
How many preferential shares are sold to employees?
A total of 60,000 preferential shares are sold to employees in the company, valued at 1,800,000,000 VND.
Which employees are sold preferential shares on credit?
Seven poor workers in Hung Yen Plastic Company are sold preferential shares on credit, totaling 1,336 shares.
Full text
Pursuant to …;
Amending Clause 1, Clause 2, and Clause 3 of Article 1 of Decision No. 156/2004/QĐ-BCN
dated December 3, 2004, of the Minister of Industry on the transfer
of the Hung Yen Plastic Company to the Hung Yen Plastic 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 Decision No. 2110/QĐ-TCKT dated June 22, 2005, of the Minister of Industry on amending Article 1 of Decision No. 3145/QĐ-TCKT dated November 24, 2004, of the Minister of Industry on determining the value of the Hung Yen Plastic Company for shareholding reform;
Considering the proposal of the Hung Yen Plastic Company (Petition No. 23/HPC/CV-CPH dated June 22, 2005);
At the proposal of the Enterprise Reform and Development Board and the Director of the Personnel and Organization Department,
Pursuant to …;
Article 1. Amending Clause 1, Clause 2, and Clause 3 of Article 1 of Decision No. 156/2004/QĐ-BCN dated December 3, 2004, of the Minister of Industry on the transfer of the Hung Yen Plastic Company to the Hung Yen Plastic Joint Stock Company as follows:
1. Registered Capital Structure :
The registered capital of the Joint Stock Company is 6,000,000,000 VND (Six billion VND).
Of which: The proportion of shares sold to employees of the Company: 100.00%.
The value of one share: 100,000 VND.
2. The actual value of the Hung Yen Plastic Company at the time of December 31, 2003 for shareholding reform (Decision No. 2110/QĐ-TCKT dated June 22, 2005, of the Minister of Industry) is 174,543,305,382 VND. Among this, the actual value of the State-owned capital in the Company is 5,906,365,806 VND.
3. Preferential treatment for employees of the Company.
A total of 60,000 preferential shares were sold to 338 employees of the Company with a preferential value of 1,800,000,000 VND. Among this, 1,336 preferential shares worth 93,520,000 VND were sold to seven poor employees on deferred payment terms.
Article 2. The Standard Measurement Quality Control Department shall be responsible for organizing and guiding the implementation of the Regulations adopted herein.
The Head of the Ministry's Office, the Inspector General of the Ministry, the Heads of Departments and Bureaus under the Ministry, the General Director of the Hung Yen Plastic Company, and the Chairman of the Board of Directors and the General Director of the Hung Yen Plastic Joint Stock Company are responsible for implementing this Decision./.
DEPUTY MINISTER
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