Decision No. 88/2004/QĐ-BCN Regarding the amendment of certain contents of Decision No. 74/2004/QĐ-BCN dated August 6, 2004, of the Minister of Industry on the conversion of Nhà Bè Textile Company into Nhà Bè Textile Joint Stock Company

DECISION OF THE MINISTER OF INDUSTRY

Regarding amendments to certain contents of Decision No. 74/2004/QĐ-BCN

dated August 6, 2004, issued by the Minister of Industry

On transforming the Nhà Bè Garment Company into the Nhà Bè Garment Joint Stock Company

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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;

Considering the proposal of the Vietnam Textile - Garment Corporation Male as stated in Circular No. 565/CV-HĐQT dated August 19, 2004;

At the proposal of the Enterprise Reform and Development Board and the Director of the Personnel and Organization Department,

DECISION: 

Article 1. Amending certain contents of Decision No. 74/2004/QĐ-BCN dated August 6, 2004, issued by the Minister of Industry on transforming the Nhà Bè Garment Company into the Nhà Bè Garment Joint Stock Company, including the following main points:

1. Amend Clause 1 of Article 1 as follows:

"1. Registered capital structure:

The charter capital of the joint stock company is 64,000,000,000 VND (sixty-four billion VND). Among which:

- State shareholding ratio: 51.00%;

- The proportion of shares sold to employees within the company: 47.71%;

- The proportion of shares sold outside the company: 1.29%.

The value of one share: 100,000 Vietnamese dong."

2. Amend Clause 3 of Article 1 as follows:

"3. Employee benefits.

The total number of preferential shares sold to 6,506 employees within the company is 28,613 shares with a preferential value of 8,583,900,000 VND.

3. Amend Article 3 as follows:

"Article 3. The joint stock company operates in the following industries:

- Production, trading, and direct import/export: textile-garment products, raw materials, machinery, equipment, spare parts serving the textile-garment industry;

- Laundry, printing, embroidery;

- Trading in machinery, equipment, metal hardware appliances for household and industrial use, electronics, information technology, construction, real estate trading, warehouse services, transportation, fuel, hotel and restaurant services, supermarkets, tourism, processed products from agricultural, forestry, and marine resources, export labor cooperation services;

- Other industries in accordance with the provisions of the law."

Article 2. This Decision takes effect fifteen days from the date of publication in the Official Gazette.

The Director of the Ministry's Office, the Inspector General of the Ministry, Heads of Departments, Directors of Bureaus under the Ministry, Chairman of the Board of Directors, General Director of the Vietnam Textile - Garment Corporation, General Director of the Nhà Bè Garment Company, and Chairman of the Board of Directors, General Director of the Nhà Bè Garment Joint Stock Company are responsible for implementing this Decision./.