Decision No. 43/2004/QĐ-BCN amends Clause 3, Article 1 of Decision No. 20/2004/QĐ-BCN, providing preferential treatment for workers at the Bình An Adhesive Workshop when it is converted into a joint stock company. Workers are entitled to purchase 2,050 shares at a preferential value of 61,500,000 VND.
Scope of application
Workers at the Bình An Adhesive Workshop under the An Lac Shoe Company
Key points
- Workers at the Bình An Adhesive Workshop are entitled to purchase 2,050 shares at a preferential value of 61,500,000 VND.
🌐 Social impact of this document
- Workers benefit from the preferential policy and have the opportunity to own shares of the new company.
- The An Lac Shoe Company and the Bình An Adhesive Workshop must comply with regulations on converting state-owned enterprises into joint stock companies.
❓ Frequently asked questions
How many shares are workers entitled to purchase?
Workers at the Bình An Adhesive Workshop are entitled to purchase 2,050 shares at a preferential value.
What is the preferential value per share?
The preferential value per share is 61,500,000 VND.
When does this decision take effect?
This decision takes effect fifteen days after its publication in the Official Gazette.
How are workers entitled to purchase shares?
Workers at the Bình An Adhesive Workshop are entitled to purchase 2,050 shares at a preferential value of 61,500,000 VND.
What must the An Lac Shoe Company and the Bình An Adhesive Workshop do?
The An Lac Shoe Company and the Bình An Adhesive Workshop must comply with regulations on converting state-owned enterprises into joint stock companies.
Full text
Pursuant to …;
Regarding the amendment of Clause 3, Article 1 of Decision No. 20/2004/QĐ-BCN dated March 26, 2004
of the Minister of Industry on the transfer of the Bình An Adhesive Workshop under
the An Lạc Shoe Company to Bình An Adhesive 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 the An Lạc Shoe Company at Circular No. 516/CV-TV dated May 28, 2004;
At the proposal of the Enterprise Reform and Development Board and the Director of the Personnel and Organization Department,
DECISION:
Article 1. Amend Clause 3, Article 1 of Decision No. 20/2004/QĐ-BCN dated March 26, 2004 of the Minister of Industry on the transfer of the Bình An Adhesive Workshop under the An Lạc Shoe Company to Bình An Adhesive Joint Stock Company as follows:
"3. Preferential treatment for workers in the Workshop. The total number of preferential shares sold to 34 workers in the Workshop is 2,050 shares with a preferential value of 61,500,000 Vietnamese dong."
Article 2. 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, Heads of Departments, Directors of Bureaus under the Ministry, Director of the An Lạc Shoe Company, Director of the Bình An Adhesive Workshop, and Chairman of the Board of Directors and Director of the Bình An Adhesive Joint Stock Company are responsible for implementing this Decision./.
DEPUTY MINISTER
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