Nội dung toàn văn Decision No. 116/QD-TTg of January 27, 2003, on sale of equities to foreign investors by Saigon shipping joint-stock company
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THE PRIME MINISTER OF GOVERNMENT |
SOCIALIST REPUBLIC OF VIET NAM |
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No: 116/QD-TTg |
Hanoi , Day 27 month 01 year 2003 |
DECISION
ON SALE OF EQUITIES TO FOREIGN INVESTORS BY SAIGON SHIPPING JOINT-STOCK COMPANY
THE PRIME MINISTER
Pursuant to the Law on
Organization of the Government of December 25, 2001;
Pursuant to the Prime Minister’s Decision No. 145/1999/QD-TTg of June 28, 1999
promulgating the Regulation on sale of equities to foreign investors;
Pursuant to the Prime Minister’s Decision No. 512/QD-TTg of April 26, 2001 on
the experimental application of the model of corporation contributing capital
to member enterprises to Vietnam National Shipping Lines;
At the proposals of the Management Board of Vietnam National Shipping Lines and
the Ministry of Communications and Transport,
DECIDES:
Article 1.- To approve the plan on sale of equities to foreign investors by Saigon Shipping Joint-Stock Company.
1. Charter capital of the joint-stock company is VND 9,000,000,000, in which:
- Number of equities to be sold to Wallem Shipping Limited (Thailand) are 2,250, which are valued at VND 225,000,000 (2.5% of charter capital).
- The State’s equities: VND 1,800,000,000 (20% of charter capital).
- Equities of officials and employees of the company: VND 5,400,000,000 (60% of charter capital).
- Equities of shareholders outside the company: VND 1,575,000,000 (17.5% of charter capital).
2. Saigon Shipping Joint-Stock Company shall be a member enterprise of Vietnam National Shipping Lines.
3. Vietnam National Shipping Lines shall act as representative of the owner of the State capital amount of VND 1,800,000,000 (20% of charter capital) at Saigon Shipping Joint-Stock Company and have to manage and use the above-mentioned capital amount efficiently.
Article 2.- Saigon Shipping Joint-Stock Company shall have its headquarters and business lines prescribed in Decision No. 538/2002/QD-BGTVT of March 1, 2002 of the Minister of Communications and Transport.
Article 3.- This Decision takes effect after its signing. The Management Board of Vietnam National Shipping Lines, the Management Board of Saigon Shipping Joint-Stock Company and the concerned agencies shall have to implement this Decision.
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FOR THE PRIME MINISTER |
