Decision No. 70/2001/QĐ-TTg stipulates the conversion of Vietnam Disinfection Company from a State-owned enterprise to a joint stock company. The decision determines the shareholding ratio, the actual value of the company, the new name, and the business sectors.
Key points
- Vietnam Disinfection Company is converted into a joint stock company with a charter capital of 12,000,000,000 VND, of which the State holds 20%, employees hold 60%, and other entities hold 20%.
- The actual value of Vietnam Disinfection Company at the time of shareholding reform is 112,916,709,490 VND, of which the value of the State's capital is 20,563,134,237 VND.
- Employees are given preferential treatment to purchase 10,935 shares with a total preferential value of 328,050,000 VND.
- The new name of the company is Vietnam Inspection and Disinfection Joint Stock Company, the international trading name is International Inspection Fumigation Joint Stock Company, and the abbreviation is Vietnam Fumigation Company - VFC.
- The company operates in various business sectors such as producing plant protection chemicals, providing disinfection services, importing materials and chemicals, inspecting imported and exported goods, and maintaining hotel and restaurant construction projects.
🌐 Social impact of this document
- The new joint stock company will create opportunities for employees to purchase shares with preferential terms.
- Diverse business sectors help the company expand its market and enhance operational efficiency.
❓ Frequently asked questions
When was Vietnam Disinfection Company converted into a joint stock company?
The decision takes effect from the date of signing, i.e., May 3, 2001.
What is the shareholding ratio of the State and employees in the new company?
The State's shareholding ratio is 20%, while employees' shareholding ratio is 60%.
What is the actual value of Vietnam Disinfection Company during the shareholding reform?
The actual value of the company at the time of shareholding reform is 112,916,709,490 VND.
How many shares are employees given preferential treatment to purchase?
Employees are given preferential treatment to purchase 10,935 shares with a total preferential value of 328,050,000 VND.
What is the new name of the company after the conversion?
The full Vietnamese name is Vietnam Inspection and Disinfection Joint Stock Company, the international trading name is International Inspection Fumigation Joint Stock Company, and the abbreviation is Vietnam Fumigation Company - VFC.
Full text
Pursuant to …;
Regarding the conversion of state-owned enterprises
Vietnam Sterilization Company to 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 Agriculture and Rural Development in Circular No. 754/BNN-TCCB dated March 22, 2001,
DECISION:
Article 1. Approves the plan for the conversion of state-owned enterprise Vietnam Sterilization Company under the Ministry of Agriculture and Rural Development as follows:
1. Charter Capital of the Joint Stock Company: 12,000,000,000 VND.
Wherein:
- State Shareholding Ratio: 20% of the charter capital.
- Shareholding ratio sold to employees within the enterprise: 60% of the charter capital.
- Shareholding ratio sold to other entities outside the enterprise: 20% of the charter capital.
2. The actual value of Vietnam Sterilization Company at the time of January 1, 2000 for the purpose of conversion to a joint stock company is 112,916,709,490 VND, including the actual value of the state capital in the enterprise being 20,563,134,237 VND.
3. Entrust the Ministry of Agriculture and Rural Development to coordinate with the Ministry of Finance to submit
4. Preferential treatment for employees within the enterprise:
The total number of shares sold at preferential prices to employees within the enterprise is 10,935 shares; the preferential value amounting to 328,050,000 VND.
5. Utilize proceeds from share sales to train and retrain employees within the enterprise and provide preferential treatment for the enterprise post-conversion according to current regulations.
Article 2. Convert the state-owned enterprise Vietnam Sterilization Company under the Ministry of Agriculture and Rural Development to a Joint Stock Company.
- Full name in Vietnamese: Vietnam Inspection Sterilization Joint Stock Company.
- International trade name: International Inspection Fumigation Joint Stock Company.
- Abbreviation: Vietnam Fumigation Company - VFC.
- Head office: No. 29 Ton Duc Thang Street, Ben Nghe Ward, District 1, Ho Chi Minh City.
Article 3. Vietnam Inspection Sterilization Joint Stock Company engages in the following business activities:
- Production and processing of various types of plant protection chemicals and sterilization materials.
- Provision of sterilization services and pest control for agricultural and forestry products and other objects.
- Importation of materials and chemicals for plant protection quarantine and sterilization.
- Inspection of imported and exported goods; maintenance of construction projects for hotels and restaurants.
Article 4. Vietnam Sterilization Joint Stock Company:
- 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 systems, having its own seal, and opening bank accounts in accordance with the law. Operates according to the Articles of Association of the Joint Stock Company and the Enterprise Law.
- The General Director and Chief Accountant of Vietnam Sterilization Company are responsible for managing the enterprise until the entire company is handed over to the Board of Directors and General Director of Vietnam Inspection Sterilization Joint Stock Company.
Article 5. This Decision takes effect from the date of signing. Abolish previous Decisions that conflict with this Decision. The Minister of Agriculture and Rural Development, the General Director of Vietnam Sterilization Company, and the Board of Directors of Vietnam Inspection Sterilization Joint Stock Company are responsible for implementing this Decision. /./
VICE-PRESIDENT OF THE GOVERNMENT
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