Decision No. 53/QD-TTg stipulates the transfer of Export Import Aquatic Products Company from a State-owned enterprise to a joint-stock company with a charter capital of 68,000 billion VND and specific shareholding ratios. This decision takes effect from the date of signing.
Scope of application
Export Import Aquatic Products Company under Vietnam Fisheries Corporation, Ministry of Fisheries; employees in the enterprise; foreign investors.
Key points
- Export Import Aquatic Products Company will be converted into a joint-stock company with a charter capital of 68,000 billion VND, including 25% state shares, 40% for employees, 15% for foreign investors, and 20% sold outside the enterprise.
- The total number of preferential shares for employees is 112,210 shares with a preferential value of 3,366,300,000 VND.
- The full name of the company after conversion is Special Aquatic Products Joint Stock Company, international trade name is SPECIAL AQUATIC PRODUCTS JOINT STOCK COMPANY, abbreviated as SEASPIMEX - VIETNAM.
- The joint-stock company has its headquarters at 213 Hoa Binh Street, Ward 19, Tan Binh District, Ho Chi Minh City.
- The company operates according to the Articles of Association of the joint-stock company and the Enterprise Law.
🌐 Social impact of this document
- Positive impacts include improved management efficiency and enhanced competitiveness in the market through the transition from a State-owned enterprise to a joint-stock company.
- Negative impacts include retraining costs for employees and the risk of job loss for some employees who are not granted preferential shares.
❓ Frequently asked questions
What is the charter capital of the company after the conversion?
The charter capital of Special Aquatic Products Joint Stock Company is 68,000 billion VND.
What are the ratios of state shares and employee shares in the enterprise?
The ratio of state shares is 25% of the charter capital, while the ratio of shares sold to employees within the enterprise is 40% of the charter capital.
What is the international trade name of the company after the conversion?
The international trade name of the company after the conversion is SPECIAL AQUATIC PRODUCTS JOINT STOCK COMPANY.
According to which regulations does the company operate?
The company operates according to the Articles of Association of the joint-stock company and the Enterprise Law.
When does this Decision take effect?
This Decision takes effect from the date of signing.
Full text
Pursuant to …;
Regarding the conversion of state-owned enterprise Export-Import Aquatic Products Company into a joint-stock company
joint stock company
________________________
PRIME MINISTER
Pursuant to the Government Organization Law dated September 30, 1992;
Pursuant to Decree No. 44/1998/NĐ-CP dated June 29, 1998 of the Government on the conversion of state-owned enterprises into joint-stock companies;
Pursuant to the proposal of the Minister of Fisheries in Circular No. 3998/TS/TTr dated December 31, 2001,
DECISION:
Article 1. Approves the plan for the shareholding reform of the state-owned enterprise Export-Import Aquatic Products Company under Vietnam Fishery Corporation.
1. The charter capital of the Joint-Stock Company: 68,000,000,000 VND.
Wherein:
- State shareholding ratio: 25% of the charter capital.
- Shareholding ratio sold to employees within the enterprise: 40% of the charter capital.
- Shareholding ratio sold to foreign investors: 15% of the charter capital.
- Shareholding ratio sold outside the enterprise: 20% of the charter capital.
2. The actual value of the Export-Import Aquatic Products Company at the time of 00:00 on January 1, 2000 for shareholding reform is 205,325,905,481 VND, of which the actual value of the state capital in the enterprise is 53,806,069,666 VND.
3. Preferential treatment for employees within the enterprise:
The total number of shares sold at preferential prices to employees within the enterprise is 112,210 shares; the preferential value amount is 3,366,300,000 VND.
4. Training and retraining costs for employees within the enterprise shall be implemented in accordance with current regulations.
Article 2. Convert the state-owned enterprise Export-Import Aquatic Products Company under Vietnam Fishery Corporation, Ministry of Fisheries, into a joint-stock company:
- Full name in Vietnamese: Special Aquatic Products Joint-Stock Company.
- International trade name: SPECIAL AQUATIC PRODUCTS JOINT STOCK COMPANY.
- Abbreviation: SEASPIMEX - VIETNAM.
- Main office: No. 213 Hoa Binh Street, Ward 19, Tan Binh District, Ho Chi Minh City.
Article 3. The Special Aquatic Products Joint-Stock Company operates in business sectors as prescribed by current laws.
Article 4. The Special Aquatic Products Joint-Stock Company:
- Is a legal entity under Vietnamese law from the date of issuance of the business registration certificate, operating according to the registered license, implementing independent economic accounting, having its own seal, and opening bank accounts in accordance with the law. It operates according to the Articles of Association of the Joint-Stock Company and the Enterprise Law.
- The General Director and Chief Accountant of the Export-Import Aquatic Products Company are responsible for managing and operating the enterprise until the entire company is handed over to the Board of Directors and General Director of the Special Aquatic Products Joint-Stock Company.
Article 5. This Decision takes effect from the date of signature. Decisions contrary to this Decision are abolished. The Minister of Fisheries, the Board of Directors of Vietnam Fishery Corporation, the General Director of the Export-Import Aquatic Products Company, and the Board of Directors of the Special Aquatic Products Joint-Stock Company are responsible for implementing this Decision./.
VICE-PRESIDENT OF THE GOVERNMENT
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