Decision No. 50/2004/QD-BCN amends the charter capital structure and benefits for employees of Saigon Shoe Joint Stock Company. This decision applies to Saigon Shoe Joint Stock Company, with specific ratios of state shares and employee shares within the company, along with benefits for employees.
Scope of application
Saigon Shoe Joint Stock Company
Key points
- Saigon Shoe Joint Stock Company has a charter capital of 16 billion Vietnamese dong, of which the State holds 51% and employees hold 49%
- The share price is 100,000 Vietnamese dong per share
- 854 employees in the company were sold preferential shares totaling 70,744 shares, valued at 2,122,320,000 Vietnamese dong
- Among them, 145 poor employees were sold preferential shares on credit totaling 14,385 shares, valued at 1,006,950,000 Vietnamese dong
- This decision takes effect fifteen days from the date of publication in the Official Gazette
🌐 Social impact of this document
- Positive impact: Employees benefit from the sale of preferential shares, especially those who are poor.
- Negative impact: It may increase financial burdens for the State and the company due to the high ratio of state shares.
❓ Frequently asked questions
What is the charter capital of Saigon Shoe Joint Stock Company?
The charter capital of the joint stock company is 16,000,000,000 Vietnamese dong.
What are the ratios of state shares and employee shares in the company?
The ratio of state shares is 51.00%, and the ratio of shares sold to employees in the company is 49.00%.
What benefits are provided to employees?
Employees were sold preferential shares totaling 70,744 shares, valued at 2,122,320,000 Vietnamese dong, including 145 poor employees who were sold preferential shares on credit totaling 14,385 shares, valued at 1,006,950,000 Vietnamese dong.
When does this decision take effect?
This decision takes effect fifteen days from the date of publication in the Official Gazette.
How many preferential shares does Saigon Shoe Joint Stock Company sell to employees?
Saigon Shoe Joint Stock Company sells 70,744 preferential shares to employees.
Full text
| MINISTRY OF INDUSTRY |
SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness |
|
NUMBER: 50/2004/QĐ-BCN |
HA NOI, JUNE 17, 2004 |
DECISION
REGARDING THE AMENDMENT OF CLAUSE 1 AND CLAUSE 3 OF ARTICLE 1 OF DECISION NO. 179/2003/QĐ-BCN DATED NOVEMBER 4, 2003 ISSUED BY THE MINISTER OF INDUSTRY ON THE TRANSFORMATION OF SAIGON SHOE COMPANY INTO SAIGON SHOE JOINT STOCK COMPANYCONSIDERING THE APPLICATION OF SAIGON SHOE COMPANY (LETTER NO. 169/GSG-2004 DATED JUNE 7, 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;
AT THE PROPOSAL OF THE ENTERPRISE REFORM AND DEVELOPMENT COMMITTEE AND THE HEAD OF THE ORGANIZATION AND STAFF DEPARTMENT,
AMEND CLAUSE 1 AND CLAUSE 3 OF ARTICLE 1 OF DECISION NO. 179/2003/QĐ-BCN DATED NOVEMBER 4, 2003 ISSUED BY THE MINISTER OF INDUSTRY ON THE TRANSFORMATION OF SAIGON SHOE COMPANY INTO SAIGON SHOE JOINT STOCK COMPANY AS FOLLOWS:
DECISION:
Article 1. THE REGISTERED CAPITAL OF THE JOINT STOCK COMPANY IS 16,000,000,000 VIETNAM DONG (SIXTEEN BILLION VIETNAM DONG).
"1. Registered capital structure:
THE TOTAL NUMBER OF PREFERRED SHARES SOLD TO 854 EMPLOYEES IN THE COMPANY IS 70,744 SHARES WITH A VALUE OF 2,122,320,000 VIETNAM DONG. AMONG THEM, THE NUMBER OF PREFERRED SHARES SOLD ON DEFERRED PAYMENT TO 145 POOR WORKERS IS 14,385 SHARES, WORTH 1,006,950,000 VIETNAM DONG.
- State shareholding ratio: 51.00%;
- The proportion of shares sold to employees within the company: 49.00%.
The value of one share: 100,000 VND."
"3. Employee benefits.
THE CHIEF OF THE MINISTRY’S OFFICE, THE CHIEF OF THE MINISTRY’S INSPECTION DEPARTMENT, THE HEADS OF DEPARTMENTS AND DIRECTORS OF BUREAUS UNDER THE MINISTRY, THE DIRECTOR OF SAIGON SHOE COMPANY, AND THE CHAIRMAN OF THE BOARD OF MANAGEMENT AND THE DIRECTOR OF SAIGON SHOE JOINT STOCK 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 Bureaus under the Ministry, the Director of Saigon Shoe Company, and the Chairman of the Board of Directors and the General Director of Saigon Shoe Joint Stock Company are responsible for implementing this Decision./.
DEPUTY MINISTER
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