5 SUBJECTS ELIGIBLE TO PURCHASE DISCOUNTED SHARES OF STATE ENTERPRISE
In the guidelines for formulating employee utilization plan and implementing employee policies in the context of equitization of State-owned enterprises enclosed with the Circular No. 07/2018/TT-BLDTBXH, the Ministry of Labor, War Invalids and Social Affairs prescribes subjects eligible to purchase discounted shares of State enterprise, to be specific:
- Employees working under employment contracts for equitized enterprises on the date of enterprise valuation;
- Employees working for equitized enterprises on the date of enterprise valuation and appointed to be full-time representatives of the equitized enterprises’ capital that have not been eligible to purchase discounted shares from other enterprises;
- Managers of equitized enterprises on the date of equitized enterprise valuation;
- Employees working under employment contracts and managers (level II enterprises) that have not been eligible to purchase discounted shares from other enterprises on the date of equitized enterprise valuation in the case of equitization of parent companies of state-owned economic groups, parent companies of state corporations or parent companies in groups of parent companies and subsidiaries;
- Representatives of household businesses to receive fix funding (if any) of equitized enterprises on the date of equitized enterprise valuation.
This Circular is issued on August 01, 2018 and takes effect on September 15, 2018.
