Decision No. 42/2004/QD-BCN of the Ministry of Industry on transferring the Tuong An Oil Factory to the Tuong An Vegetable Oil Joint Stock Company, stipulates the charter capital structure, actual value, employee benefits, and business activities of the new company.
适用范围
The Vietnam Vegetable Oil, Fragrance, and Cosmetics Corporation (now the Tuong An Vegetable Oil Joint Stock Company), the Tuong An Oil Factory, and the employees of the factory.
要点
- The Tuong An Oil Factory is converted into a joint stock company with a charter capital of 189,802,000,000 VND, of which the State holds 51%, employees hold 35.49%, and the remaining 13.51% is sold to outsiders.
- The actual value of the Tuong An Oil Factory is 282,300,565,449 VND, of which the State's portion is 99,547,943,416 VND.
- Employee benefits: 74,951 shares with a preferential value of 2,248,530,000 VND.
- The joint stock company engages in businesses such as vegetable oil production and trade, packaging materials, machinery and equipment, and warehouse leasing.
- Operates according to the Articles of Association of the Joint Stock Company and the Enterprise Law.
🌐 本文件的社会影响
- Creates opportunities for employees to own shares, increasing their income.
- Helps the enterprise operate independently and more flexibly in business.
- Improves the efficiency of capital and asset utilization of the Tuong An Oil Factory.
❓ 常见问题
What is the charter capital of the joint stock company?
The charter capital of the joint stock company is 189,802,000,000 VND.
What percentage of shares does the State hold?
The State holds 51% of the shares.
How are the employees of the factory benefited?
Employees of the factory are granted 74,951 shares with a preferential value of 2,248,530,000 VND.
What industries does the company engage in?
The company engages in businesses such as vegetable oil production and trade, packaging materials, machinery and equipment, and warehouse leasing.
When does this decision take effect?
This decision takes effect fifteen days after its publication in the Official Gazette.
全文
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MINISTRY OF INDUSTRY |
SOCIALIST REPUBLIC OF VIETNAM |
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Number: 42/2004/QĐ-BCN |
Hanoi, June 4, 2004 |
Pursuant to …;
Regarding the transfer of Tuong An Oil Plant under
Vegetable Oil, Fragrance, and Cosmetics Joint Stock Company Vietnam to become
Tuong An Vegetable Oil 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 Decree No. 64/2002/NĐ-CP dated June 19, 2002 of the Government on the conversion of state-owned enterprises into joint-stock companies;
Considering the proposal of Vegetable Oil, Fragrance, and Cosmetics Joint Stock Company Vietnam (Document No. 490/DHM-TCKT dated May 27, 2004), the privatization plan for Tuong An Oil Plant and the review report of the Enterprise Reform and Development Board on June 3, 2004;
At the proposal of the Enterprise Reform and Development Board and the Director of the Personnel and Organization Department,
DECISION:
Article 1. Approves the privatization plan for Tuong An Oil Plant under Vegetable Oil, Fragrance, and Cosmetics Joint Stock Company Vietnam (a subsidiary of the Ministry of Industry) as follows:
1. Capital structure:
The charter capital of the joint stock company is 189,802,000,000 VND (One hundred eighty-nine billion, eight hundred two million VND).
- Shareholding ratio sold outside the company: 10.04%.
- The proportion of shares sold to employees within the plant: 35.49%;
- The proportion of shares sold outside the plant: 13.51%.
The value of one share: 100,000 VND.
2. The actual value of Tuong An Oil Plant at the time of January 1, 2004 for privatization (Decision No. 1107/QĐ-TCKT dated May 11, 2004 of the Ministry of Industry) is 282,300,565,449 VND. Of which, the actual value of state capital in the plant is 99,547,943,416 VND.
3. Employee benefits.
The total number of preferential shares sold to 561 employees within the plant is 74,951 shares with a preferential value of 2,248,530,000 VND.
4. Regarding the privatization costs and the resolution of surplus labor at the plant, Vegetable Oil, Fragrance, and Cosmetics Joint Stock Company will handle the procedures and report to the Ministry of Industry and relevant state authorities for approval according to current regulations.
Article 2. Transfer Tuong An Oil Plant under Vegetable Oil, Fragrance, and Cosmetics Joint Stock Company Vietnam to become Tuong An Vegetable Oil Joint Stock Company, abbreviated as Dau Tuong An,
- International trade name: TUONGAN VEGETABLE OIL JOINT STOCK COMPANY, abbreviated as TAOIL;
- Main office located at: No. 48/5 Phan Huy Ich Street, Ward 15, Tan Binh District, Ho Chi Minh City.
Article 3. The joint stock company engages in the following business activities:
- Producing, trading, and importing/exporting products processed from animal and vegetable oils, seeds, and coconut jelly;
- Producing and trading packaging materials;
- Trading and importing/exporting machinery, equipment, raw materials serving production and processing in the vegetable oil industry;
- Leasing land and factory premises;
- Engaging in other businesses in accordance with the provisions of the law.
Article 4. Tuong An Vegetable Oil Joint Stock Company is a legal entity under Vietnamese law from the date of registration for business operations, independently accounting for economic activities, using its own seal, opening bank accounts according to legal provisions, operating according to the Company's Charter and the Law on Enterprises.
Article 5. Vegetable Oil, Fragrance, and Cosmetics Joint Stock Company shall organize the public auction of shares outside through Vietnam Investment and Development Securities Company (BSC) and convene the first General Meeting of Shareholders of Tuong An Vegetable Oil Joint Stock Company in accordance with current regulations.
The General Director and Chief Accountant of Vegetable Oil, Fragrance, and Cosmetics Joint Stock Company are responsible for managing the operations of the plant until the handover of all capital, assets, labor, and factory premises to the Board of Directors and General Manager of the joint stock company.
Article 6. 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 Vegetable Oil, Fragrance, and Cosmetics Joint Stock Company, the Director of Tuong An Oil Plant, and the Chairman of the Board of Directors and General Manager of Tuong An Vegetable Oil Joint Stock Company are responsible for implementing this Decision./.
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DEPUTY MINISTER |
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