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Local state-owned assets frequently acquire listed private enterprises. Why don't they withdraw after success? | Immediate comment

2024-08-20

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recently,TaslyThe share transfer plan was disclosed. The controlling shareholder of Tasly will be changed from Tasly Biopharmaceutical Industry Group Co., Ltd. toChina Resources SanjiuTasly, a well-known Chinese medicine company that has been listed for more than 20 years, has transformed from a private enterprise to a state-owned holding company.

A month ago, Huangshan State-owned Assets Supervision and Administration Commission acquired 81.667% of Guangyang Holdings' equity through Huangshan Fuhai Fund, thereby indirectly controlling the listed company that mainly deals in auto parts.Guangyang Shares

In the same month, Guangdong State-owned Assets successively planned to acquire two listed companies within one month. The State-owned Assets Bureau of Shunde District, Foshan City, planned to acquireWorld Games CircuitZhuhai State-owned Assets plans to acquire controlShirong Zhaoye51% of the shares.

In May this year,Huatie EmergencyThe controlling rights of the company were transferred to Hainan Enterprises Investment Group for RMB 1.997 billion. After the transaction is completed, the Hainan Provincial State-owned Assets Supervision and Administration Commission will obtain actual control of the company.

Judging from the current situation, since the beginning of this year, more than 20 listed companies have or will "change hands" to local state-owned assets, and in July, there were 12 such cases, setting off a small climax of state-owned assets "buying up" in the capital market. A noteworthy trend is that there will be only 10 similar acquisitions in 2023.