In February, the Thai Nguyen Provincial People’s Committee handed the ownership right of State capital in Thai Nguyen Industrial Zone Infrastructure Development Joint Stock Company to State Capital Investment Corporation (SCIC).
Attending the handover ceremony, the side of Thai Nguyen province included Mr Nhu Van Tam, Vice Chairman of the Provincial People’s Committee, officials from the Department of Planning and Investment, the Department of Finance, the Song Cong City People’s Committee and the Song Cong Industrial Park Authority. The SCIC side comprised Mr Nguyen Duc Chi, Chairman of the Board of Members, Mr Hoang Nguyen Hoc, Member of the Board of Members and Deputy General Director, and other SCIC executives.
According to the handover agreement, the value of State capital in Thai Nguyen Industrial Zone Infrastructure Development Joint Stock Company transferred to SCIC is VND139,199,570,000, equivalent to 13,919,957 shares, representing 98.84 per cent of the stake. The company was transformed into a joint stock company on December 31, 2015.
Mr Nhu Van Tam hoped that, after the ownership transfer, SCIC will help Thai Nguyen Industrial Zone Infrastructure Development Joint Stock Company to deal with difficulties, especially providing resources for development of Song Cong I Industrial Park; improve corporate governance, and attract more investors into the industrial park. Thai Nguyen province expects, with its prestige and competency, SCIC will pay attention to and participate in some big ongoing projects in the province such as urban zones along the two banks of the Cau River, Nui Coc Lake Tourist Site, Yen Binh, Diem Thuy and Song Cong II industrial parks. The Provincial People's Committee will create favourable conditions for SCIC and other enterprises to implement these projects smoothly.
On behalf of SCIC, Chairman of the Board of Members Nguyen Duc Chi expressed his gratitude to the leadership of the Thai Nguyen People's Committee for their good management of State capital, as well as their preparation of transfer documents. He said that, after the takeover, SCIC will continue to coordinate with the Thai Nguyen Provincial People’s Committee to manage the company and State capital, and raise the corporate value. The transfer of State capital in Thai Nguyen Industrial Zone Infrastructure Development Joint Stock Company plays an important role in demonstrating the determination of Thai Nguyen province, SCIC and the company to execute the Governmental Resolution on business restructuring. He affirmed that SCIC, with the leadership of the transferred company, will continue to fulfil their tasks, preserve and develop State capital in enterprises.