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Decision 51/1999/qd-Bnn/tccb: Transforming Enterprises Of National Rock Into Country Rock Sound Corporation

Original Language Title: Quyết định 51/1999/QĐ-BNN/TCCB: Về việc chuyển xí nghiệp Đá Gia Thanh thành Công ty cổ phần Đá Gia Thanh

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The DECISION about moving the stone Family enterprise into a joint stock company of Rock Radio Family _ _ _ _ _ _ _ _ _ _ _ _ _ _ the MINISTER of AGRICULTURE and RURAL DERIVED pursuant to Decree No. 73/CP on 01-11-1995 the Government functions, tasks, powers and organization of the Ministry of agriculture and rural development;
Pursuant to Decree No. 44/1998/ND-CP dated 29 June 1999 from the Government on the transfer of State enterprises into joint-stock companies;
Proposal of the Board of enterprise management innovation the Ministry of agriculture and rural development, the Director of the Organization Department and the Board of enterprise management innovation of construction companies, services and labor cooperation, DECIDED the article 1.-approval of shares turned His Stone factory (a division of construction company , labour and services-independent State Enterprise affiliated to the Ministry of agriculture and rural development) gổm the following principal contents: 1.1 the actual value of the enterprises at the time of 0 hour January 1999 0l is: 1. l 16.099.148 VND (one billion one hundred and sixteen million not hundred thousand ninety-nine one hundred forty eight Dong). In which the actual value of the State stake in the enterprises is: 759,508,511 (seven hundred and fifty nine million five hundred and eight thousand five hundred and eleven).
1.2. the Charter capital of a joint stock company: 760 million dong (seven hundred sixty million). This capital divided into shares 7,600. The entire stock was sold to workers in enterprises (100%).
1.3. incentives for workers in the enterprise: the total number of shares by price incentives to workers in enterprises is: 7,600 shares (seven thousand six hundred shares). Preferential values part is: 228 million dong (two hundred twenty eight million).
The total number of shares by price incentives for poor workers in the enterprise charged gradually: 1,520 shares (one thousand five hundred twenty shares), worth: 106,400,000 (one hundred and four million four hundred thousand dollars).
l. 4. Governing funds sell shares: made under section V, part two in circular No. 104/1998/TT-BTC & SearchIn = Title% 2cTitle1 & IsRec = 1 "target =" _blank "> 104/1998/TT-BTC dated 17 July 1998 of the Ministry of finance, guidance on financial matters when transferring SOEs into joint stock companies and section 6 of the text of the TC/3138 TCDN on August 19, 1998 by the Ministry On the financial guidelines equitizing State enterprises.
1.5. While waiting for the State to consider the proposal of the business about the additional stock would be incentive for poor workers in the enterprise, the deployment of the stone Family Enterprise holdings the bar must still follow this decided the right content.
Article 2.-Move the stone Family enterprise into a joint stock company with the following features:-full name by Vietnamese: Thanh Family Stone Corporation.
-International transactions: Family Name Bar ROCK EXPLOITAION SHLCHOIDING COMPANY-abbreviated name: GIARESCO 2.2. Head at: Home Township, district, Ninh Binh province.
2.3. Core business:-build houses and small scale irrigation works.
-Quarrying and transport of building materials.
-Petroleum Services.
Article 3: National Rock Radio Corporation is the legal entity under the laws of Vietnam since being granted business registration regimes, economic accounting independently, there are seals, opened an account at the Bank under the provisions of the law, operating under Charter of the Gia Thanh stone joint stock companies and law firms.
Article 4. This decision has effect from the date of signing. Leadership and executive management enterprises of the Country Rock Sound is responsible for managing and operating the factory until delivery of the entire enterprise for the Management Board and the Director of the stone Family Corporation. From the time of delivery, the decision to establish the National Stone companies Sound off effect.
Article 5.-Office of the Chief Justice, the Director of the Organization Department, the heads of the relevant units of the Ministry, the Ministry of business management innovation, the Director and the Board of enterprise management innovation of construction companies, services and labor cooperation along the stone factory Director Joins the bar responsible for the implementation of this decision.