Decision No. 90/2000/QD-BNN-TCCB of the Ministry of Agriculture and Rural Development approves the plan to convert Dong Anh Production and Service Material Enterprise into VIAN Joint Stock Company. This decision stipulates the actual value, charter capital, share structure, employee benefits, name, headquarters, and business activities of the new company.
Scope of application
Dong Anh Production and Service Material Enterprise (after conversion), VIAN Joint Stock Company
Key points
- Dong Anh Production and Service Material Enterprise has an actual value of 4,298,584,180 Vietnamese dong, of which the state capital is 2,530,822,155 Vietnamese dong.
- The Charter Capital of VIAN Joint Stock Company is 4,000,000,000 Vietnamese dong, divided into 40,000 shares: 17,500 shares for the state (43.7%), 17,500 shares for employees of the Enterprise (43.7%), and 5,000 shares for external entities (12.6%).
- Employees of the Enterprise are entitled to purchase 15,220 shares at a preferential value of 456,600,000 Vietnamese dong; poor employees are entitled to purchase 3,044 shares with a deferred payment value of 213,080,000 Vietnamese dong.
- The full name of the new company is VIAN Joint Stock Company, international trading name is VIAN JOINT STOCK COMPANY (V.J.Co), headquartered in Uy Nỗ Commune - Dong Anh District - Hanoi City.
- VIAN Joint Stock Company engages in equipment and materials for the food industry, alcoholic and non-alcoholic beverage industry, and production of spare parts and equipment for the food industry.
🌐 Social impact of this document
- Positive impact: Shareholding reform enhances the management efficiency of state-owned enterprises and provides opportunities for employees to participate in ownership.
- Negative impact: The conversion process may cause instability in the production and business operations of the old enterprise.
❓ Frequently asked questions
What is the actual value of Dong Anh Production and Service Material Enterprise?
The actual value of Dong Anh Production and Service Material Enterprise as of January 1, 1999, was 4,298,584,180 Vietnamese dong.
What is the Charter Capital of VIAN Joint Stock Company?
The Charter Capital of VIAN Joint Stock Company is 4,000,000,000 Vietnamese dong, divided into 40,000 shares.
What is the proportion of state shares and employee shares in the Enterprise?
The proportion of state shares is 17,500 shares (43.7%), and the proportion of shares for employees of the Enterprise is also 17,500 shares (43.7%).
How many shares are preferentially allocated to poor employees?
Poor employees are entitled to purchase 3,044 shares with a deferred payment value of 213,080,000 Vietnamese dong.
What is the name of the new company?
The full name of the new company is VIAN Joint Stock Company, international trading name is VIAN JOINT STOCK COMPANY (V.J.Co).
Full text
Pursuant to …;
Regarding the conversion of Dong Anh Production and Service Material Enterprise into VIAN Joint Stock Company
THE MINISTER OF AGRICULTURE AND RURAL DEVELOPMENT
Pursuant to Decree No. 73/CP dated November 1, 1995 of the Government on functions, tasks, powers, and organizational structure of the Ministry of Agriculture and Rural Development;
Pursuant to Decree No. 44/1998/NĐ-CP dated June 29, 1998 of the Government on converting state-owned enterprises into joint stock companies;
Considering the proposal of the Enterprise Management Reform Board under the Ministry and the Director of the Personnel Organization Department,
DECISION:
Article 1. - Approves the plan for the conversion of Dong Anh Production and Service Material Enterprise, a unit of Technical Material Production and Service Company (Technical Material Production and Service Company is an independent accounting state-owned enterprise, a member of Agricultural Products Import-Export Corporation - Ministry of Agriculture and Rural Development), comprising the following main contents:
1. The actual value of Dong Anh Production and Service Material Enterprise at 00:00 on January 1, 1999 is: 4,298,584,180 Vietnamese dong (four billion, two hundred ninety-eight million, five hundred eighty-four thousand, one hundred eighty dong). Of which, the actual value of the state capital in the Enterprise is: 2,530,822,155 Vietnamese dong (two billion, five hundred thirty million, eight hundred twenty-two thousand, one hundred fifty-five dong).
2. The Charter Capital of the joint stock company is: 4,000,000,000 Vietnamese dong (four billion dong). The total capital is divided into 40,000 shares (forty thousand shares), with the following structure:
- State share ratio: 43.7% of the Charter Capital (equivalent to 17,500 shares);
- Share ratio sold to employees of the Enterprise: 43.7% of the Charter Capital (equivalent to 17,500 shares);
- Share ratio sold to entities outside the Enterprise: 12.6% of the Charter Capital (equivalent to 5,000 shares).
3. Preferential treatment for Enterprise employees:
Total number of shares sold at preferential prices to Enterprise employees: 15,220 shares. The preferential value amount is: 456,600,000 Vietnamese dong (four hundred fifty-six million, six hundred thousand dong).
Total number of preferential shares for poor Enterprise employees to be repaid gradually: 3,044 shares, the gradual repayment value is: 213,080,000 Vietnamese dong (two hundred thirteen million, eighty thousand dong).
4. Management of proceeds from share sales: Implemented according to Section V, Part II of Circular No. 104/1998/TT-BTC dated July 18, 1998 of the Ministry of Finance, guiding financial matters when converting state-owned enterprises into joint stock companies and Item 6 of Document No. 3138 TC-TCDN dated August 19, 1998 of the Ministry of Finance regarding guidance on implementing the conversion of state-owned enterprises into joint stock companies.
Article 2. - Convert Dong Anh Production and Service Material Enterprise into a joint stock company with the following characteristics:
1. Full name in Vietnamese:
VIAN Joint Stock Company
International trade name in English:
VIAN JOINT STOCK COMPANY
Abbreviation: V.J.Co
2. Head office address:
Uy Nỗ Commune - Dong Anh District - Hanoi City
3. Business fields:
- Trading equipment and materials for the food industry;
- Beverage industry (alcoholic and non-alcoholic);
- Manufacturing spare parts and equipment for the food industry.
Article 3. - VIAN Joint Stock Company is a legal entity under Vietnamese law from the date of registration for business operations, implementing an independent economic accounting system, having its own seal, and being allowed to open bank accounts in accordance with the law, operating in accordance with the Articles of Association of VIAN Joint Stock Company and the Law on Enterprises.
Article 4. - This Decision takes effect from the date of signature. The leadership and management board of Technical Material Production and Service Company are responsible for managing and operating the Enterprise until the handover of the entire Enterprise unit to the Board of Directors and General Manager of VIAN Joint Stock Company. From the handover date, the decision establishing Dong Anh Production and Service Material Enterprise ceases to be effective.
Article 5. - The Head of the Ministry's Office, the Director of the Personnel Organization Department, the Enterprise Management Reform Board under the Ministry, the Heads of relevant units under the Ministry, the Board of Directors and General Director of Agricultural Products Import-Export Corporation, the Director and the Enterprise Management Reform Board of Technical Material Production and Service Company are responsible for implementing this Decision./.
DEPUTY MINISTER
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