Support relocated capital Thang Long Tobacco Company

Relocated from Thang Long Tobacco Company 235 Nguyen Trai Street, Thanh Xuan district in Quoc Oai Industrial Zone, Hanoi The Prime Minister agreed in principle to allow the Thang Long Tobacco Company continued to implement the project of moving and change the purpose of land use at 235 Nguyen Trai Street, Thanh Xuan District, Hanoi City to perform investment projects have been approved by the Prime Minister and implemented investment cooperation contracts signed with partners to establish joint-stock company Property Thang Long.

Hanoi People’s Committee to direct and handle the transfer of land use at 235 Nguyen Trai Street, Thanh Xuan District, Hanoi in accordance with the law of the land.
The Prime Minister also allow Thang Long Tobacco Company applied Decision No 86/2010 / QD-TTg dated 22/12/2010 of the Prime Minister issued the Financial Regulation relocation service establishments pollute the environment and the facilities to be relocated under the planning of urban construction to support capital relocation project Thang Long Tobacco Company (specifically: use of proceeds from transfer purposes Land at 235 Nguyen Trai Street, Thanh Xuan District, Hanoi to implement investment projects displaced Tobacco Company Thang Long Industrial Park Quoc Oai, Hanoi under the authority estimates to approve and support to employees retired at Thang Long Cigarette Company prescribed) that does not depend on the condition Tobacco Corporation of Vietnam and Thang Long Cigarette Company must meet at least 26 % of charter capital as JSC Thang Long Real Estate increased its chartered capital to 2.350 billion. The amount of land use purpose change the remaining (if any) payable in Hanoi budget prescribed.
Prime Minister assigned the Ministry of Industry and Trade to direct tobacco Corporation Vietnam, Thang Long Tobacco Company has planned and implemented divestment at JSC Thang Long real estate as prescribed by law; prioritize the transfer of shares, the rights of shareholders to contribute capital for the investment capacity prescribed.