Procedure for Restructuring State-Owned Enterprises into Joint-Stock Companies

Anh Tu

21:02, 11/07/2024

Recently, the Ministry of Finance issued Circular 69/2018/TT-BTC guiding the implementation of the restructuring of state-owned enterprises that do not qualify for equitization as stipulated in Decree 126/2017/ND-CP.

The process of restructuring state-owned enterprises to convert them into joint-stock companies is carried out in the following steps:

Step 1: Develop a restructuring plan by implementing the plan to convert the state-owned enterprise into a joint-stock company and building a restructuring plan submitted to the representative agency of the owner for approval;

Step 2: Organize the implementation of the restructuring plan;

Step 3: Complete the conversion of the state-owned enterprise into a joint-stock company.

- Convene the first General Meeting of Shareholders and register the enterprise;- Organize the finalization and handover between the enterprise and the joint-stock company.

See more details at Circular 69/2018/TT-BTC, effective from October 1, 2018.

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