According to stipulations, state companies implementing the equitization without the decision to recognize the enterprise value issued by authorities shall be converted into one-member limited company and the owner continues to implement equitization steps.
Chartered capital at the converting time is 1,602 billion. After being converted into one-member limited company, Vinataba inherits the rights, obligations, legal interests and handling problems of two companies before converting. According to this decision, Chairman and Board members of each corporation are considered as Chairman and member of the Board until Prime Minister appoints new members. (Translated by Hong Chau – SCT News)