DISSOLVE AND BANKRUPT 03 MEMBER UNITS OF VINACOMIN
On February 07, 2013, the Prime Minister issued the Decision No.314/QD-TTg approving the Scheme on restructuring the Vietnam Coal Mineral Industries Group in 2012 – 2015 with the objective to building the Vinacomin into a strong state economic group with rational structure; focus on business and production of coal, minerals, electricity, and industrial explosives; enhance effectiveness, competition, and sustainable development.
Accordingly, in 2012 – 2015, Vinacomin has the responsibility to draw all capital of Vinacomin in enterprises including: SHB Insurance joint-stock Corporation – Vinacomin; Aviation insurance joint-stock company – Vinacomin; Coal – Mineral Financial limited liability company of Vietnam; Saigon - Hanoi join stock commercialbank (SHB)…to dissolve Dong Vong Coal one-member bank (SHB) …to dissolve Dong Vong Coal one-member limited liability company; Vietnam – Japan gem one-member limited liability company and to bankrupt Song Ninh building-ship joint-stock company – Vinacomin.
Besides, the Prime Minister also requested to turn 10 enterprises into attached units of Mother Company, increasing the number of units of Mother Company to 26 units including Mao Khe coal Company – Vinacomin; Nam Mau coal Company – Vinacomin..., to maintain enterprises in which Vinacomin holds 100% of charter capital; enterprises in which Vinacomin holds over 50% of charter capitals; enterprises in which Vinacomin holds not more than 50% of charter capitals.
This Decision takes effect on the signing date.
