Decision 07/2000/QD-TTg

To ratify in principle the project on the equitization of La Nga Sugarcane and Sugar Company under the Ministry of Agriculture and Rural Development.

The Company shall have a charter capital of 82 billion dong, of which the State�s shares account for 35%, the Company laborers� shares- 40% and the remaining 25% shall be held by laborers who plant and sell sugarcane to the Company.

The Decision also stipulates the actual value of La Nga Sugarcane and Sugar Company at the time of its equitization, the preferences for laborers and the use of the sales of stocks.

The La Nga Sugarcane and Sugar Company shall operate as a joint stock company as from January 1st, 2000 with the following production and business lines:

- Sugar, confectionery, alcohol and malt-making

- Post-sugar product processing

- Alcoholic and non-alcoholic beverage

- Agricultural and forest product processing

- Micro-biological fertilizer production

- Animal feeds processing

- Cultivation and husbandry

- Construction of small-size civil, industrial and communication projects, production and trading of construction supplies and materials

- Services on transportation, engineering, supply of materials and raw materials and product consumption, production and supply of plant varieties and animal breeds.

- Direct import and export.- (Summary)