This Decision stipulates the conversion of the Fuel Company under the Saigon Trade Corporation into a Joint Stock Company with a charter capital of 17,000,000,000 VND and the conditions for shareholding reform.
Đối tượng áp dụng
The Fuel Company under the Saigon Trade Corporation, employees within the enterprise, external shareholders purchasing shares, the Board of Directors of the Saigon Fuel Joint Stock Company, and the General Director of the Company.
Các điểm cốt lõi
- The Fuel Company under the Saigon Trade Corporation shall be converted into a Joint Stock Company with a charter capital of 17,000,000,000 VND, of which the State holds 20%, employees hold 65%, and other entities hold 15%.
- The actual value of the Fuel Company at the time of shareholding reform is 29,932,293,342 VND, of which the State's capital value is 16,061,145,920 VND.
- Employees are entitled to purchase 59,098 shares with a total preferential value of 1,772,940,000 VND, including 7,525 shares for poor employees to be paid gradually.
- The full name of the Joint Stock Company is the Saigon Fuel Joint Stock Company (SAIGON FUEL JOINT-STOCK COMPANY - SFC), located at No. 1A Pham Ngoc Thach Street, Ben Nghé Ward, District 1, Ho Chi Minh City.
- The Saigon Fuel Joint Stock Company engages in businesses such as oil and gas, machinery materials, agricultural aquatic products, raw wood, and processed wood export.
🌐 Tác động xã hội từ văn bản này
- Employees in the Fuel Company will be entitled to purchase shares on a preferential basis, creating opportunities for shared ownership for them.
- The new Joint Stock Company can operate independently and more flexibly than the old state-owned enterprise.
- The conversion may affect the number of jobs in the Fuel Company.
❓ Câu hỏi thường gặp
What is the charter capital of the Joint Stock Company?
The charter capital of the Joint Stock Company is 17,000,000,000 VND.
What are the proportions of State shares, employee shares, and other entities' shares?
The proportion of State shares is 20%, employee shares is 65%, and other entities' shares is 15%.
What is the actual value of the Fuel Company at the time of shareholding reform?
The actual value of the Fuel Company at the time of shareholding reform is 29,932,293,342 VND.
How many shares are employees entitled to purchase on a preferential basis?
Employees are entitled to purchase 59,098 shares with a total preferential value of 1,772,940,000 VND.
What is the full name of the new Joint Stock Company?
The full name of the new Joint Stock Company is the Saigon Fuel Joint Stock Company (SAIGON FUEL JOINT-STOCK COMPANY - SFC).
Toàn văn
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PRIME MINISTER |
SOCIALIST REPUBLIC OF VIETNAM |
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Number: 70/2000/QĐ-TTG |
Hanoi, June 20, 2000 |
DECISION
Regarding the conversion of the Fuel Company under the Saigon Trading Corporation into a joint-stock company
Approving the plan for the conversion of state-owned enterprise Fuel Company under the Saigon Trading Corporation into a joint-stock company, pursuant to the proposal in Document No. 1676/UB-CNN dated May 23, 2000 from the Chairman of the People's Committee of Ho Chi Minh City:
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;
AT THE REQUEST OF THE CHAIRMAN OF THE PEOPLE'S COMMITTEE OF HO CHI MINH CITY,
DECISION:
Article 1. 1. The Charter Capital of the Joint-Stock Company: 17,000,000,000 VND.
- State shareholding ratio: 20% of the Charter Capital.
Wherein:
- Shareholding ratio sold to employees within the enterprise: 65% of the Charter Capital.
- Shareholding ratio sold to external entities outside the enterprise: 15% of the Charter Capital.
2. The actual value of the Fuel Company under the Saigon Trading Corporation at the time of 00:00 on January 1, 1999 for the purpose of conversion into a joint-stock company is 29,932,293,342 VND, including the actual value of the state capital portion in the company at 16,061,145,920 VND.
The total number of shares sold at a preferential price to employees within the enterprise is 59,098 shares; the preferential value amounting to 1,772,940,000 VND.
3. Preferential treatment for employees within the enterprise.
Among which, the number of preferential shares sold to poor employees within the enterprise to be repaid gradually is 7,525 shares corresponding to 526,750,000 VND.
Converting the state-owned enterprise Fuel Company under the Saigon Trading Corporation, Ho Chi Minh City, into a joint-stock company:
Article 2. - Full name in Vietnamese: Saigon Fuel Joint-Stock Company.
- International trade name: SAIGON FUEL JOINT-STOCK COMPANY.
- Abbreviation: SFC.
- Main office address: No. 01A, Pham Ngoc Thach Street, Ben Nghe Ward, District 1, Ho Chi Minh City.
The Saigon Fuel Joint-Stock Company engages in the following business activities:
Article 3. - Trading in the following categories:
. Gasoline, diesel, lubricants, grease, natural gas, gas stoves; car washing and parking services.
. Raw materials, machinery, equipment, spare parts for gasoline and diesel trading.
- Purchasing raw materials and processing wood products;
- Purchasing and processing agricultural, aquatic, and seafood products;
- Importing raw wood materials, raw materials, equipment for wood product processing; raw materials, machinery, equipment, spare parts for gasoline and diesel trading, gas stoves, and various gas stove accessories;
- Exporting processed wood products.
The Saigon Fuel Joint-Stock Company:
Article 4. - Is a legal entity under Vietnamese law from the date of registration for business operations, conducting business according to the registered permit, implementing independent economic accounting, having its own seal, and being allowed to open an account at a bank in accordance with the law. Operating according to the Articles of Association of the Joint-Stock Company and the Enterprise Law.
- The Director and Chief Accountant of the Fuel Company under the Saigon Trading Corporation 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 Saigon Fuel Joint-Stock Company.
This Decision takes effect from the date of signing. Decisions previously issued that conflict with this Decision are hereby repealed. The Chairman of the People's Committee of Ho Chi Minh City, the Board of Directors of the Saigon Trading Corporation, the Director of the Fuel Company, and the Board of Directors of the Saigon Fuel Joint-Stock Company are responsible for implementing this Decision. /.
Article 5. This Decision takes effect from the date of signature. Decisions contrary to this Decision are abolished. The Chairman of the People's Committee of Ho Chi Minh City, the Board of Directors of Saigon Trading Corporation, the General Director of Fuel Company, and the Board of Directors of Saigon Fuel Joint Stock Company are responsible for implementing this Decision. /\.
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To be received: |
DEPUTY PRIME MINISTER |
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