Decision No. 47/2004/QD-BCN amends the charter capital structure and provides benefits to employees of the Rang Dong Light Bulb and Water Heater Joint Stock Company. This decision applies to the company and takes effect fifteen days after publication in the Official Gazette.
Scope of application
Rang Dong Light Bulb and Water Heater Joint Stock Company
Key points
- The charter capital structure of the Joint Stock Company is VND 79,150,000,000, of which the State's share is 51.00%, employee shares within the company are 40.91%, and shares sold outside the company are 8.09%.
- The price of one share is VND 100,000.
- The total number of preferential shares for employees in the company is 174,333 shares with a total preferential value of VND 5,229,990,000.
- This decision takes effect fifteen days after publication in the Official Gazette.
🌐 Social impact of this document
- Positive impact: Employees in the company are provided with preferential shares at a lower price than the market, creating motivation for them to stay long-term with the enterprise.
- Negative impact: A high state share ratio may limit the control and decision-making power of employees in the company.
❓ Frequently asked questions
What is the charter capital structure of the Rang Dong Light Bulb and Water Heater Joint Stock Company?
The charter capital structure of the Joint Stock Company is VND 79,150,000,000.
What is the State's share ratio in the company?
The State's share ratio in the company is 51.00%.
At what price do employees in the company receive preferential shares?
Employees in the company receive preferential shares with a total value of VND 5,229,990,000, equivalent to 174,333 shares.
When does this decision take effect?
This decision takes effect fifteen days after publication in the Official Gazette.
What is the price of one share?
The price of one share is VND 100,000.
Full text
| MINISTRY OF INDUSTRY |
SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness |
| Number: 47/2004/QĐ-BCN | Hanoi, June 15, 2004 |
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./.
DEPUTY MINISTER
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