Decision No. 3592/QD-BCN amends certain provisions of Decision No. 2720/QD-BCN regarding the transformation of the Precious Stones and Gold Hanoi Company into a joint stock company. The main contents include the charter capital, share issuance structure, total number of preferential shares sold to employees, and the labor adjustment plan.
Scope of application
Precious Stones and Gold Hanoi Company, Precious Stones and Gold Hanoi Joint Stock Company, Vietnam Minerals Corporation, Department for Enterprise Reform and Development under the Ministry of Industry, Director of the Ministry’s Office, Inspector General of the Ministry, Heads of Departments and Directors of Bureaus under the Ministry, Board of Directors of Vietnam Minerals Corporation, Director of the Precious Stones and Gold Hanoi Company, Board of Directors of the Precious Stones and Gold Hanoi Joint Stock Company.
Key points
- Precious Stones and Gold Hanoi Company → charter capital is 9,000,000,000 VND (nine billion VND), including: State-owned shares account for 40.25%, preferential shares for employees account for 27.99%, publicly auctioned shares account for 31.76%.
- Precious Stones and Gold Hanoi Company → total number of preferential shares sold to 168 employees within the enterprise is 251,900 shares.
- Precious Stones and Gold Hanoi Company → total number of employees up to the time of corporatization: 172 people, including: Total number of employees transferred to the joint stock company: 87 people; Total number of redundant employees: 85 people.
- Precious Stones and Gold Hanoi Company → pursuant to Decree No. 41/2002/ND-CP, 79 employees are arranged; pursuant to the Labor Code, 9 employees are arranged.
- Precious Stones and Gold Hanoi Joint Stock Company → takes effect from the date of signing the decision.
🌐 Social impact of this document
- Positive impact: Improves ownership structure, enhances corporate governance efficiency.
- Negative impact: May cause difficulties in arranging redundant employees for some surplus workers.
❓ Frequently asked questions
What is the charter capital of the Precious Stones and Gold Hanoi Joint Stock Company?
The charter capital of the Precious Stones and Gold Hanoi Joint Stock Company is 9,000,000,000 VND (nine billion VND).
What percentage does the State-owned shares hold in the charter capital?
State-owned shares hold 40.25% in the charter capital.
What is the total number of preferential shares sold to employees?
The total number of preferential shares sold to employees is 251,900 shares.
How many redundant employees are there after corporatization?
After corporatization, there are a total of 85 redundant employees.
From which date does this decision take effect?
This decision takes effect from the date of signing.
Full text
Pursuant to …;
Amending Clause 4, Clause 6, and Clause 7 of Article 7 of Decision No. 2720/QD-BCN dated August 25, 2005 of the Minister of Industry on approving the plan and converting the Precious Stones and Gold Company of Hanoi into the Precious Stones and Gold Joint Stock Company of Hanoi
_______________________
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/NĐ-CP dated November 16, 2004 of the Government on the conversion of state-owned companies into joint-stock companies;
Considering the proposal of Vietnam Minerals Corporation (Letter No. 1592/LD-TCKT dated October 27, 2005);
At the proposal of the Enterprise Renewal and Development Board and the Director of the Personnel and Organization Department;
DECISION:
Article 1. Amending Clause 4, Clause 6, and Clause 7 of Article 1 of Decision No. 2720/QD-BCN dated August 25, 2005 of the Minister of Industry on approving the plan and converting the Precious Stones and Gold Company of Hanoi into the Precious Stones and Gold Joint Stock Company of Hanoi as follows:
"4. Registered capital and share structure:
a) Registered capital: 9,000,000,000 Vietnamese dong (Nine billion Vietnamese dong).
b) The initial issuance of shares is 9,000,000,000 Vietnamese dong, corresponding to 900,000 shares, with each share having a par value of 10,000 Vietnamese dong, including:
- State-owned shares: 362,300 shares, accounting for 40.25% of the registered capital;
- Shares preferentially sold to employees within the enterprise: 251,900 shares, accounting for 27.99% of the registered capital;
- Shares publicly auctioned: 285,800 shares, accounting for 31.76% of the registered capital."
"6. The total number of preferential shares sold to 168 employees within the enterprise is 251,900 shares, according to the list in the enterprise's privatization plan."
"7. Employee restructuring plan:
- Total number of employees at the time of privatization: 172 people;
- Total number of employees transferred to the joint stock company: 87 people;
- Total number of surplus employees: 85 people. Among them, according to Decree No. 41/2002/ND-CP: 79 people, according to the Labor Code: 9 people."
Article 2. This Decision shall take effect from the date of signing.
The Head of the Ministry’s Office, the Inspector General of the Ministry, Heads of Departments and Directors of Bureaus under the Ministry, the Board of Directors of Vietnam Minerals Corporation, the Director of the Precious Stones and Gold Company of Hanoi, and the Board of Directors of the Precious Stones and Gold Joint Stock Company of Hanoi are responsible for implementing this Decision.
DEPUTY MINISTER
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