Decision No. 41/2000/QĐ-TTg stipulates the conversion of Company 620 Concrete into a Joint Stock Company with a charter capital of 58,800,000,000 VND and benefits for workers in the enterprise.
要点
- Company 620 Concrete → is converted into a Joint Stock Company with a charter capital of 58,800,000,000 VND, of which the State holds 50%, workers hold 25%, and other entities hold 25%.
- Workers in the enterprise → are given preferential rights to purchase shares totaling 82,185 shares; the value of the preference is 2,465,550,000 VND.
- The company after the conversion → uses proceeds from the sale of shares to subsidize surplus workers and retrain workers.
- Joint Stock Company 620 Concrete Châu Thới → engages in businesses such as producing and assembling prefabricated concrete components, constructing transportation infrastructure projects, constructing industrial and civil construction projects, importing and exporting raw materials for the transportation and construction industries, and transportation services.
- The company → becomes a legal entity under Vietnamese law from the date of registration for business operations.
🌐 本文件的社会影响
- Positive impact: The joint stock company can develop more strongly with new capital, creating additional job opportunities for workers.
- Negative impact: Workers in the enterprise face the risk of losing their jobs if they do not receive preferential rights to purchase shares.
❓ 常见问题
What is the charter capital of Company 620 Concrete?
The charter capital of Company 620 Concrete is 58,800,000,000 VND.
What are the ratios of state shares, worker shares, and other entity shares in the charter capital?
The ratio of state shares is 50%, worker shares is 25%, and other entity shares is 25%.
What is the value of the preferential share purchase for workers?
Workers are given preferential rights to purchase shares totaling 82,185 shares, with the value of the preference being 2,465,550,000 VND.
What industries does the company engage in after the conversion?
After the conversion, the company will engage in businesses such as producing and assembling prefabricated concrete components, constructing transportation infrastructure projects, constructing industrial and civil construction projects, importing and exporting raw materials for the transportation and construction industries, and transportation services.
What benefits does the company enjoy after the conversion?
After the conversion, the company may choose to enjoy the highest benefits of either Decree No. 44/1998/NĐ-CP or Decree No. 51/1999/NĐ-CP.
全文
Pursuant to …;
Regarding the conversion of Company 620 Concrete into a Joint Stock Company
_____________________
PRIME MINISTER
Pursuant to the Government Organization Law dated September 30, 1992;
Approves the plan for the privatization of the state-owned enterprise: the Import-Export Khanh Hoi Company under the People's Committee of Ho Chi Minh City, as proposed in Circular No. 610/UB-CN dated February 23, 2001, of the Chairman of the People's Committee of Ho Chi Minh City:
Pursuant to Decree No. 51/1999/NĐ-CP dated July 8, 1999 of the Government detailing the implementation of the Law on Encouraging Domestic Investment (amended) No. 01/1998/QH10;
At the proposal of the Minister of Transport,
DECISION:
Article 1. Approves the plan for the shareholding transformation of state-owned enterprise: Company 620 Concrete under the Ministry of Transport, as proposed in Circular No. 510/BGTVT dated February 28, 2000 of the Minister of Transport, as follows:
1. Registered Capital: VND 58,800,000,000, including:
- State Shareholding Ratio: 50% of the Registered Capital.
- Shareholding Ratio sold to employees within the Company: 25% of the Registered Capital.
- Shareholding Ratio sold to entities outside the Company: 25% of the Registered Capital.
2. The actual value of Company 620 Concrete at the time of January 1, 1999 was VND 85,200,668,406, of which the actual value of state capital in the enterprise was VND 32,431,767,504.
3. Preferential treatment for employees within the enterprise:
- Total number of shares offered at a preferential price to employees: 82,185 shares; total preferential value: VND 2,465,550,000.
- Total number of shares offered at a preferential price to poor employees within the enterprise: 0
4. After the conversion, the enterprise may use proceeds from the sale of shares as follows:
- Subsidy for surplus employees: VND 250,000,000.
- Training and retraining for employees: VND 850,000,000.
5. Based on the preferential regime stipulated in Decree No. 44/1998/NĐ-CP dated June 29, 1998, and Decree No. 51/1999/NĐ-CP dated July 8, 1999 of the Government, Company 620 Concrete after being converted into a Joint Stock Company may choose to enjoy the highest preferential benefits from either of these two Decrees and register with the local tax authority.
Article 2. Converts state-owned enterprise: Company 620 Concrete into Joint Stock Company 620 Concrete Chau Thoi.
- Full name in Vietnamese: Joint Stock Company 620 Concrete Chau Thoi.
- International trade name: Chau thoi concrete joint stock company No 620.
- Abbreviation: CJCO.
- Head office: Km 1877, National Highway 1A (old), Chau Thoi hamlet, Binh An commune, Di An district, Binh Duong province.
Article 3. Joint Stock Company 620 Concrete Chau Thoi engages in the following business activities:
- Production and assembly of prefabricated concrete components.
- Production of various construction materials.
- Machining and repair of tools, machinery, and equipment.
- Construction of transportation infrastructure projects (bridges, culverts, roads, ports). Excavation, land leveling, foundation excavation, construction using drilling and blasting methods.
- Construction of industrial and civil projects.
- Import and export of raw materials for the transportation and construction industries.
- Transportation services for ordinary concrete, fresh concrete, and super-long and super-heavy concrete.
Article 4. Joint Stock Company 620 Concrete Chau Thoi:
- Is a legal entity under Vietnamese law from the date of issuance of its business registration certificate, operates independently with separate accounting records, has its own seal, and can open bank accounts according to the law. Operates in accordance with the Company's Charter and the Enterprise Law.
- The Director and Chief Accountant of Company 620 Concrete are responsible for managing the business until the handover to the Board of Directors and the General Director of Joint Stock Company 620 Concrete Chau Thoi.
This Decision shall take effect from the date of signature. Decisions contrary to this Decision are hereby repealed. The Minister of Transport, the Board of Directors of Transport Construction Corporation 6, the General Director of Company 620 Concrete, and the Board of Directors of Joint Stock Company 620 Châu Thới Concrete are responsible for implementing this Decision.
DEPUTY PRIME MINISTER
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