Decision No. 31/2000/QD-BNN-TCCB on transferring the Iron Can Packaging Workshop under the Import-Export Fruit and Vegetable Company I in Hanoi to the Hanoi Packaging and Import-Export Joint Stock Company

Pursuant to …;

Regarding the conversion of the Iron Box Packaging Workshop under Import-Export Fruit and Vegetable Company I into Hanoi Packaging and Import-Export Joint Stock Company

THE MINISTER OF AGRICULTURE AND RURAL DEVELOPMENT

Pursuant to Decree No. 73/CP dated November 1, 1995 of the Government on the functions, duties, powers, and organizational structure of the Ministry of Agriculture and Rural Development;
Pursuant to Decree No. 44/1998/NĐ-CP dated June 29, 1998 of the Government on converting state-owned enterprises into joint stock companies;
Considering the proposal of the Appraisal Council for the State-Owned Enterprise Shareholding Scheme and the Director of the Cadre and Civil Service Department,

DECISION:

Article 1. Approves the shareholding scheme for the Iron Box Packaging Workshop under Hanoi Import-Export Fruit and Vegetable Company I (Hanoi Import-Export Fruit and Vegetable Company I is an independent accounting state-owned enterprise, a member of Vietnam Fruit and Vegetable Corporation - Ministry of Agriculture and Rural Development) as follows:

1. The actual value of the Iron Box Packaging Workshop at 00:00 on December 31, 1998 is: 604,901,990 VND (Six hundred and four million, nine hundred and one thousand, nine hundred and ninety VND). Of which, the actual value of the state capital in the Workshop is: 604,901,990 VND (Six hundred and four million, nine hundred and one thousand, nine hundred and ninety VND).

2. The Charter Capital of the Joint Stock Company: 1,500,000,000 VND (One billion, five hundred million VND). The total capital is divided into 15,000 shares (fifteen thousand shares), with the following structure:

- State share ratio: 31% of the Charter Capital (equivalent to 4,658 shares);

- Share ratio sold to employees of the enterprise: 69% of the Charter Capital (equivalent to 10,324 shares).

3. Employee preference:

- The total number of preferential shares for employees in the Workshop is: 4,032 shares (four thousand, thirty-two). The value of the preferential portion is: 120,960,000 VND (one hundred and twenty million, nine hundred and sixty thousand VND).

4. Management of proceeds from share sales: Implemented according to Section V, Part II of Circular No. 104/1998/TT-BTC dated July 18, 1998 of the Ministry of Finance, guiding financial matters when converting state-owned enterprises into joint stock companies, and Point 6 of Document No. 3138 TC/TCDN dated August 19, 1998 of the Ministry of Finance regarding guidance on implementing the shareholding scheme for state-owned enterprises.

Article 2. Converting the Iron Box Packaging Workshop into a Joint Stock Company with the following characteristics:

1. Full name in Vietnamese: Hanoi Packaging and Export-Import Joint Stock Company

International trade name in English:

Packinh and Export-Import Joint Stock Company Hanoi

Abbreviation: P.J. Co

2. Head office address:

No. 389 Truong Dinh Street, Tan Mai Ward, Hai Ba Trung District

city of Hanoi

3. Business fields:

- Producing and processing various types of packaging: iron boxes, wood, paper, cardboard, PE, PP...;

- Printing product labels on packaging;

- Producing, processing, and preserving food grains, fruits, vegetables, forestry, fishery products, alcoholic and non-alcoholic beverages.

- Domestic trade and import-export of agricultural, forestry, fishery products, and foodstuffs.

Article 3. Hanoi Packaging and Export-Import Joint Stock Company is a legal entity under Vietnamese law from the date of registration for business operations, implementing an independent economic accounting system, having its own seal, being allowed to open bank accounts in accordance with the law, operating under the Articles of Association of Hanoi Packaging and Export-Import Joint Stock Company and the Law on Enterprises.

Article 4. This Decision takes effect from the date of signature. The leadership and management staff of Hanoi Import-Export Fruit and Vegetable Company I are responsible for managing and operating the Workshop until the entire enterprise is handed over to the Board of Directors and General Director of Hanoi Packaging and Export-Import Joint Stock Company. From the handover date, the decision establishing the Iron Box Packaging Workshop under Hanoi Import-Export Fruit and Vegetable Company I ceases to be effective.

Article 5. The Chief of the Office of the Ministry, the Director of the Cadre and Civil Service Department, the Enterprise Management Reform Board of the Ministry, the Heads of relevant units under the Ministry, the Board of Directors and General Manager of Vietnam Fruit and Vegetable Corporation, the Director and Enterprise Management Reform Board of Hanoi Import-Export Fruit and Vegetable Company I are responsible for implementing this Decision./.