- Although the Government issued the Resolution No. 15 / NQ-CP dated March 6, 2014, Decision No. 51 / QD / 2014 / QD-TTg dated 15 September 2014, Decree No. 91/2015 / ND -CP 13/10/2015 to remove and accelerate the divestment of state-owned enterprises. However, the divestment of inefficient units with transaction prices that be lower par value still faces many difficulties.
- In order to implement the restructuring project, the corporation has merged the joint stock companies. However, according to the provisions of the Law on Enterprise and Circular No. 121/2012 / TT-BTC dated 26 July 2012 of the Ministry of Finance, the concerned shareholders are not allowed to vote on the merger plan. In case of failing to do so due to the insufficient voting rate as prescribed. For example, if the Corporation merges the Se San 3A Electricity Development and Investment Joint Stock Company into Can Don Hydropower Joint Stock Company, due to the Song Da Corporation was not entitled to vote, so at the General Shareholders' Meeting of Se San 3A nvestment and Development Joint Stock Company, The voting power of other shareholders is not enough (≥ 75%) so the merger is not implemented as planned.
The Song Da Corporation proposes to remove financial difficulties: The Government considers issuing regulations to carry out the merger of the member units of the parent company.
