Decision No. 3591/QD-BCN of 2005 by the Ministry of Industry on the equitization of Vietnam Ceramic Glass Corporation, requiring the company to determine the enterprise value and develop the equitization plan before 2006.
Scope of application
Vietnam Ceramic Glass Corporation
Key points
- Vietnam Ceramic Glass Corporation implements equitization in 2006
- Determine the enterprise value and develop the equitization plan in accordance with the provisions of the State
- Carry out procedures to convert into a joint-stock company
🌐 Social impact of this document
- Create opportunities for Vietnam Ceramic Glass Corporation to sustainably develop through multi-shareholder ownership
- Reduce dependence on the State, enhance competitiveness in the market
❓ Frequently asked questions
When will Vietnam Ceramic Glass Corporation implement equitization?
According to Decision No. 3591/QD-BCN, Vietnam Ceramic Glass Corporation must implement equitization in 2006.
How should the company determine the enterprise value?
According to Decision No. 3591/QD-BCN, Vietnam Ceramic Glass Corporation must determine the enterprise value and develop the equitization plan in accordance with the provisions of the State.
What procedures does the company need to carry out to convert into a joint-stock company?
According to Decision No. 3591/QD-BCN, Vietnam Ceramic Glass Corporation must complete determining the enterprise value and developing the equitization plan before converting into a joint-stock company.
When does this decision take effect?
According to Decision No. 3591/QD-BCN, this decision takes effect from the date of signature.
Does Vietnam Ceramic Glass Corporation receive support during the equitization process?
Specific information about support for Vietnam Ceramic Glass Corporation during the equitization process is not mentioned in Decision No. 3591/QD-BCN.
Full text
Pursuant to …;
Regarding the shareholding reform of Vietnam Ceramic Glass Corporation
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. 187/2004/ND-CP dated November 16, 2004 of the Government on converting state-owned enterprises into joint-stock companies;
Considering the proposal of Vietnam Ceramic Glass Corporation (Document No. 322/DV-TC dated October 18, 2005);
At the proposal of the Enterprise Reform and Development Board under the Ministry and the Director of the Personnel and Organization Department,
Pursuant to …;
Article 1. Vietnam Ceramic Glass Corporation, under the Ministry of Industry, shall carry out shareholding reform in 2006.
Article 2. Vietnam Ceramic Glass Corporation shall determine the enterprise value, develop a shareholding reform plan for approval by the Ministry of Industry, and complete all procedures to convert the company into a joint-stock company in accordance with the relevant State regulations.
Article 3. This Decision shall take effect from the date of signing.
The Inspector General of the Ministry, the Director of the Ministry's Office, Heads of Departments and Bureaus under the Ministry, the Enterprise Reform and Development Board under the Ministry, and the General Director of Vietnam Ceramic Glass Corporation are responsible for implementing this Decision.
DEPUTY MINISTER
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