This afternoon, December 25, Acting Chairman of Quang Tri Provincial People's Committee Ha Sy Dong chaired a meeting to review the restructuring and renovation projects of the forestry LLCs: Ben Hai, Duong 9, and Trieu Hai.
Acting Chairman of the Provincial People's Committee Ha Sy Dong concluded the meeting - Photo: LA
Forestry LLCs: Ben Hai, Duong 9, Trieu Hai, 100% state-owned, with a land management area of over 17,000 hectares including protective forests and production forests.
Regarding the current financial status, the total capital of the 3 companies reached over 185.7 billion VND, of which equity was over 96.2 billion VND. The total number of employees of the 3 companies was 276 people.
During their operations, the companies have closely followed their functions, tasks, and practical situations regarding land, labor, and finance, ensuring compliance with legal regulations.
Annual business activities are profitable; the after-tax profit margin on total assets in 2023 is from 6.6% - 11.44%; State capital is preserved.
To reorganize and innovate, all forestry LLCs chose to transform from 100% state-owned companies into joint stock companies. The state holds 65% of the shares and investors hold 35% of the shares.
Proposing solutions to implement the project of restructuring and innovating companies including: determining functions, tasks, business lines; land use plans; plans for using forest types; plans for managing and using infrastructure works; solutions on finance, investment, credit, labor, science and technology, processing, and market.
Through the arrangement and innovation of forestry companies to manage, protect, develop and sustainably use forest resources; improve the efficiency of production and business activities; create jobs and increase income for workers.
After listening to the explanations of forestry companies and comments from the appraisal council members, Acting Chairman of the Provincial People's Committee Ha Sy Dong agreed with the proposed plan to convert forestry companies into joint stock companies. In which, the State holds 55% of shares, the remaining 45% is held by investors.
However, in the process of equitization, forestry companies are required to review and prioritize employees in the company to participate in buying shares at a rate of about 20% of the remaining 45% to create cohesion, contribute to the community's responsibility to develop the company sustainably, and at the same time create additional income for employees.
Forestry companies urgently review and separate areas of land that overlap with localities; thoroughly handle areas that are being illegally encroached upon and completed the handover of unused land and encroached land, and request that they be recovered for local management before January 30, 2025.
Review joint venture forestation contracts and immediately liquidate areas that have completed their forestation cycle. Research and develop a financial plan for mapping, boundary marking, and issuance and renewal of land use right certificates.
Use funds from the equitization source to hire consultants to evaluate orchards. Require forestry companies to urgently complete the project, ensuring full basis and foundation for each content before January 30, 2025. Assign the Department of Agriculture and Rural Development to coordinate with relevant units to appraise step 1 before submitting to the appraisal council.
Le An
Source: https://baoquangtri.vn/tham-dinh-de-an-sap-xep-doi-moi-cac-cong-ty-lam-nghiep-nbsp-nha-nuoc-nam-giu-55-co-phan-190637.htm
Comment (0)