1. The valuation of the enterprise
On April 12, 2018, the Board of Directors issued the letter No. 133/EVN-HĐTV to report the Equitization Steering Committee of the enterprise valuation results of the Parent Company – EVNGENCO1.
On April 27, 2018, the Assistant Team of the Steering Committee for Equitization have agreed to arrange time and personnel to evaluate and comment on enterprise valuation results after having assigned by the Steering Committee for Equitization and receiving full documentations.
2. The Plan on arrangement and handling of using real estate
On April 23, 2018, the Ministry of Industry and Trade (MOIT) had the letter No. 3151/BCT-TC to the Ministry of Finance (MOF) on the scheme of real estate arrangement and treatment. It is now to wait for comments by the MOF.
On April 27, 2018, the Assistant Team of the Equitization Steering Committee had a meeting to agree that the remaining procedures completed by EVNGENCO1are just administrative ones which have no effects on results of enterprise valuation. Therefore, the completion of such procedures can be implemented at the same time with evaluation of the enterprise valuation results to save time. EVNGENCO1 is requested to actively work with Da Nang Province People’s Committee and Thanh Hoa Province People’s Committee in order to ensure the land procedures before completing the evaluation of enterprise valuation results.
3. The Plan on using employees
- Calculation of the number of shares which the employees of the Corporation will purchase at preferential prices
The Consultants and members of EVNGENCO1 are reviewing and calculating the number of shares purchased at preferential shares (according to the working seniority and the number of years of commitment to work at the Corporation after equitization). The letter No. 845/EVNGENCO1-TC&NS dated March 28, 2018 and No. 1017/EVNGENCO1-TC&NS dated April 12, 2018 had issued to guide registration to buy preferred shares for employees. These letters also mentioned that the members should be jointly with their Trade Union to disseminate and explain the preferential policies for employees; publicize the information on the list of employees, the number of shares to be preferentially purchased to all employees for confirmation. The head of the members is responsible for the accuracy of the data reported to the Corporation.
- The plan for using employees in the Corporation
Researching and developing the master plan on labor productivity, labor and employment of Electricity Generating Corporation No.1, which is expected to be reported before June 30. Based on such plan, at, the document will guide the implementing units.
The master plan on labor productivity and employment of EVNGENCO1 is in process of researching and developing, which is expected to be reported before June 30, 2018. Such plan is the base to issue letter of guidance for the members’ implementation.
- Financing the Reward Fund, the Welfare Fund
The list of employees with working time at the EVNGENCO1’s has been made on the period of January 1st, 2018 to set up the basis for calculating and financing the reward and welfare funds in accordance with regulations; making the schedule of paying the cash balance from the Welfare Fund at the period of enterprise valuation, then issuing the guidance letter for the EVNGENCO1’s members. All these tasks are expected to be completed before June 30, 2018.
4. The bussiness plan on equitilization:
The plan is currently made and completed by the Consultant jointly.