Decision No. 1517/QD-TTg dated September 05, 2011 of the Prime Minister on adjusting charter capital structure of the Vietnam Steel Corporation – Joint Stock Company

THE PRIME MINISTER

Decision No. 1517/QD-TTg dated September 05, 2011 of the Prime Minister on adjusting charter capital structure of the Vietnam Steel Corporation – Joint Stock Company

Pursuant to the Law on the Government Organization dated December 25, 2001;

Pursuant to the Law on Enterprise dated November 29, 2005;

Pursuant to the Decree No. 109/2007/ND-CP dated June 26, 2007 of the Government on conversion of enterprises with 100% state owned capital into shareholding companies;

At the proposal of the Minister of Industry and Trade,

DECIDES:

Article 1. To adjust charter capital structure of the Vietnam Steel Corporation – Joint Stock Company as follows:

1.     Shareholding which the State shall hold: 636.844.034 shares, takes 93,93% charter capital;

2.     Shareholding for sale at incentive rates to employees: 1.081.900 shares, takes 0,61% charter capital;

3.     Shareholding for sale to the trade union: 1.000.000 shares, takes 0,147% charter capital;

4.     Shareholding for outside auction: 39.074.066 shares, takes 5,763% charter capital.

Article 2. This Decision takes effect on the signing date.

Ministers of: Industry and Trade, Finance, Labor – War Invalids and Social Affairs, Planning and Investment, Internal Affairs, heads of relevant agencies, Steering Committee of Enterprise Innovation and Development and the Management Board of Vietnam Steel Corporation shall implement this Decision./.

For the Prime Minister

Deputy Prime Minister

VU VAN NINH