Decision No. 47/2004/QD-BCN Amending Clause 1 and Clause 3, Article 1 of Decision No. 21/2004/QD-BCN dated March 30, 2004 of the Minister of Industry regarding the conversion of the Rang Dong Light Bulb and Water Heater Company into the Rang Dong Light Bulb and Water Heater Joint Stock Company.

Pursuant to …;

Regarding the amendment of Clause 1 and Clause 3 of Article 1 of Decision No. 21/2004/QĐ-BCN dated March 30, 2004of the Minister of Industry on the transfer of the Phích nước Rạng Đông Light Bulb Company to the Rạng Đông Joint Stock Light Bulb CompanyIn accordance with the request of the Phích nước Rạng Đông Light Bulb Company at Circular No. 1024/TV-RĐ dated June 11, 2004;

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;

Amend Clause 1 and Clause 3 of Article 1 of Decision No. 21/2004/QĐ-BCN dated March 30, 2004 of the Minister of Industry on the transfer of the Phích nước Rạng Đông Light Bulb Company to the Rạng Đông Joint Stock Light Bulb Company as follows:

At the proposal of the Enterprise Reform and Development Board and the Director of the Personnel and Organization Department,

DECISION:

Article 1. The charter capital of the company is seventy-nine billion one hundred fifty million dong (VND 79,150,000,000).

"1. Registered capital structure:

- The proportion of shares sold to employees within the company: 40.91%;

- State shareholding ratio: 51.00%;

- The proportion of shares sold outside the company: 8.09%. The value of one share: one hundred thousand dong (VND 100,000)."

The total number of preferential shares sold to 1,346 employees within the company is 174,333 shares with a preferential value of five billion two hundred twenty-nine million nine hundred ninety thousand dong (VND 5,229,990,000)."

"3. Employee benefits.

The Director of the Ministry's Office, the Inspector General of the Ministry, the Heads of Departments, the Directors of Bureaus under the Ministry, the Director of the Phích nước Rạng Đông Light Bulb Company, and the Chairman of the Board of Management and the Director of the Rạng Đông Joint Stock Light Bulb Company are responsible for implementing this Decision./.

Article 2. This Decision takes effect fifteen days from the date of publication in the Official Gazette.

The Head of the Ministry’s Office, the Inspector General of the Ministry, the Heads of Departments, Directors of Agencies under the Ministry, the Director of Rạng Đông Lamp and Hot Water Bottle Company, and the Chairman of the Board and General Director of Rạng Đông Joint Stock Lamp and Hot Water Bottle Company are responsible for implementing this Decision./.