Laws of Vietnam

To approve the plan on equitization of Tan Binh Materials Company, a State enterprise, with the following contents:

To transform Tan Binh Materials Company, a State enterprise, into a joint-stock company, under the international transaction name of: Tan Binh Export-Import Materials Joint Stock Company (TAMEXIM). Headquarter: No. 192-194 Ly Thuong Kiet street, Ward 8, Tan Binh district, Ho Chi Minh City.

The company’s charter capital: VND 12,500,000,000, in which:

- Equities sold to the laborers in the enterprise: 75% of the charter capital;

- Equities sold to investors outside the enterprise: 25%.

Tan Binh Export-Import Materials Joint Stock Company shall be engaged in the following business lines:

- Trading in supplies, raw materials, machinery, equipment and accessories for industrial, agricultural, forestrial, fishery and transport sectors, as well as hardware and electro-engineering, electrical supplies, construction materials, interior decoration articles, chemicals;

- Production of garments, yarn, textiles, footwear of various types, processing of agricultural, forestrial, aquatic and marine products for both export and domestic consumption;

- Provision of authorized processing agency and transport services.- (Summary)