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MINISTRY OF INDUSTRY AND TRADE
INDUSTRIAL EQUIPMENT AND MACHINERY CORPORATION - JOINT STOCK COMPANY (MIE)
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The Prime Minister Approves Equitization Plan Of The Holding Company - Machines And Industrial Equipment Corporation

12/03/2016
The Prime Minister signed Decision No. 395/QD-TTg dated March 11st, 2016 approving the equitization plan of the Holding Company - Machines and Industrial Equipment Corporation.
 
Accordingly, the Holding Company - Machines and Industrial Equipment Corporation (MIE) executes the equitization plan in the form of selling the entire state-owned capital under state ownership at the enterprise.
 
The charter capital of MIE is VND 1,419,915 million. In particular, the shares sold to employees at prefered prices and additional purchase include 1,159,600 shares, representing 0.82% of charter capital; the shares of public auction comprise of 140,831,900 shares, accounting for 99.18% of charter capital. The face value of share is VND 10,000/share.
 
The Prime Minister authorized the Minister of Industry and Trade to decide the starting price for auction in initial public offering (IPO) and adjust the charter capital structure in the event of the auction will have not been conducted to investors in accordance with the equitization plan ratified by the Prime Minister. 
 
With regard to the plan on labor mobility arrangement, the total number of labour workforce at the time of publishing the enterprise value consists of 707 people. The labour shifted to the joint-stock company contains 674 people. The total number of offwork labour encompasses 33 people; Among them, redundant labourers under Decree No. 63/2015/ND-CP dated July 22th, 2015 of the Government are 26 people and labourers who voluntarily terminate the labour contract and meet conditions for retirement contains 7 people.

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