The DECISION About the transfer of State-owned construction companies and production of bien Hoa building materials into a joint stock company _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ the PRIME MINISTER pursuant to the law on Government Organization, 30 September 1992;

Pursuant to Decree No. 44/1998/ND-CP dated 29 June 1998 by the Government on the transfer of State enterprises into joint-stock companies;

According to the proposal of the Chairman of the people Committee of Dong Nai province;

Decision: article 1. Approval equitized State enterprises construction company and the production of bien Hoa building materials as suggested in no. 149/UBT on 11 January 2001 from the Chairman of the people Committee of Dong Nai province: 1-the company's capital stock: 35 billion dong.

Of which: shares the State rate of 30%, the percentage of shares sold to employees in business 40%, the percentage of shares sold to shareholders in Vietnam in addition to the 30% business capital.

2. the actual value of the construction company and the production of building materials (according to the decision of the Minister of Finance No. 1437/QD-BTC dated 19 December 2000) on 31 December 1999 to stock is 73,969,590,861, in that the actual value of the State stake in the business is 34,302,717,582.

3. incentives for workers in the enterprise: the total number of shares sold by price incentives to workers in enterprises is 39,914 shares; preferential values part is 1,197,420,000.

In which the number of shares sold incentives for poor workers in the enterprise charged 3,370 stock gradually, respectively 101,100,000. The value is deferred is 235,900,000.

Article 2. Transfer of State-owned construction companies and production of bien Hoa building materials into a joint stock company: full name by South Vietnamese joint stock company and the production of building materials.

International name: Bienhoa Building Materials Production and Construction Corporation.

Short name: B.B.C.C.

Headquarters: K4/79 c Tan Hamlet, Buu Hoa Ward, bien Hoa city, Dong Nai province.

Article 3. Joint stock companies and production of bien Hoa building materials production, sales of the industry: mining the clay, sand stone building.

The production of bricks and tiles, construction materials business.

Fresh concrete production, consumption of agent construction materials of foreign manufacturing enterprises.

Building construction, civil and industrial cover. Investment in infrastructure construction.

Article 4. Joint stock company and the production of building materials: is the legal person under the law since Vietnam was granted the certificate of business registration, seal, open an account at the Bank under the provisions of the law.

Operating under the enterprise law and the Charter of the company.

The Director and Chief Accountant the company building and the production of bien Hoa building materials are responsible for the business management, operating until the delivery of the entire company for the Management Board and the Director of the construction company and the production of building materials.

Article 5. This decision has effect from the date of signing. Repealed the previous decision contrary to this decision.

Chairman of the provincial people's Committee, Director of building and construction materials production BOM, bien Hoa joint stock Company and the production of bien Hoa building materials is responsible for the implementation of this decision.