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the restructuring of central enterprises is in full swing. the list of a-share central enterprise listed companies that disclosed the progress of mergers and acquisitions and restructuring in the second half of the year is here.

2024-09-15

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cailianshe news, september 15 (editor: li chen)recently, there have been continuous news about the restructuring of central enterprises, and landmark cases of mergers and acquisitions and restructuring have continued to emerge.following the "china shenchuan" brought about by china shipbuilding's proposed merger with china heavy industry, china minmetals' proposed acquisition of "china shenhu" by salt lake co., ltd. followed suit, marking a new round of climax in the restructuring of central enterprises.the news came out that the controlling shareholder, china north industries group corporation, and china electric equipment group corporation were integrating their power transmission and transformation equipment businesses.central enterprise reform concept stock baobian electric closed on friday with 7 boards in 10 days

according to wind statistics,excluding failed reorganizations and transferors, there are a total of 8 a-share central soe listed companies that have disclosed the progress of m&a and reorganization since the second half of the year., namely china tungsten high-tech, shenyang machine tool, china resources sanjiu, shanghai electric power, benxi steel plate, avic electro-mechanical test, haohua technology and avic helicopter. the specific situation is as follows:

china tungsten high-tech announced on september 4th,the company plans to hold a shareholders' meeting on the afternoon of september 19 to discuss the company's purchase of 100% equity of hunan shizhuyuan nonferrous metals co., ltd. (hereinafter referred to as "shizhuyuan company") and the raising of supporting funds.. the first step of the company to improve the layout of the tungsten industry chain is about to be completed. many industry insiders said that this acquisition by china tungsten high-tech will further strengthen the company's position as "china's no. 1 and world-class", and will also enhance the company's profitability and bargaining power in the industry. according to the relevant announcement of china tungsten high-tech, the company plans to purchase 100% of the equity of shizhuyuan company held by china minmetals tungsten industry group co., ltd. and hunan woxi mining investment co., ltd. by issuing shares and paying cash. the relevant announcement shows that the overall valuation of shizhuyuan company is 5.195 billion yuan.at present, shizhuyuan company produces more than 7,000 tons of tungsten concentrate annually, making it one of the largest tungsten concentrate production bases in the country.the output of tungsten concentrate accounts for about 6% of the total domestic tungsten production and more than 4% of the world's total tungsten production.

the investor relations activity record sheet disclosed by shenyang machine tool on september 12 showed that the company has been deeply involved in the machine tool industry for decades and has the most complete business layout and solid business development history in the country.the company's asset restructuring plan is to issue shares to purchase 100% equity of shenyang zhongjie aerospace machine tool co., ltd., 100% equity of shenyang machine tool zhongjie friendship factory co., ltd. and 78.45% equity of tianjin tianduan press co., ltd., and raise supporting funds.on april 2, shenyang machine tool announced that the company's 10th board of directors and the 10th supervisory committee had reviewed and approved the company's major asset restructuring draft and related proposals. in terms of raising supporting funds, shenyang machine tool plans to issue shares to no more than 35 specific targets by way of inquiry issuance to raise supporting funds.the total amount of supporting funds raised shall not exceed rmb 1.7 billion

china resources sanjiu announced on august 4th,it will invest 6.2 billion yuan to acquire the controlling stake of tasly and incorporate tasly, one of the leading innovative chinese medicine companies, into its portfolio. many industry insiders believe that china resources sanjiu and tasly are highly complementary. after successfully completing the acquisition of tasly, china resources sanjiu's strength in the field of innovative chinese medicine and cardiovascular and cerebrovascular chinese medicine has been significantly enhanced. as one of the leading companies in innovative chinese medicine, tasly's r&d expenses in 2023 will be 1.315 billion yuan, and its r&d investment in 2023 will account for 17.73% of the pharmaceutical industry's revenue, much higher than yiling pharmaceutical's 935 million yuan and kangyuan pharmaceutical's 772 million yuan; as of the end of 2023, it has 98 products under development, including 25 modern chinese medicine products, including 18 class 1 innovative drugs. china resources sanjiu said,this transaction will help china resources sanjiu accelerate the replenishment of innovative chinese medicine pipelines and continue to deepen the full-process development system of chinese medicine., improve the ability to develop innovative drugs and establish a leading advantage in the field of traditional chinese medicine.

avic electro-mechanical test announced on august 6th,the company recently received a reply from the china securities regulatory commission, approving the company's registration application to issue 2.086 billion shares to china aviation industry corporation limited to purchase its 100% equity interest in chengdu aircraft industry (group) co., ltd.according to the disclosure, the transaction amount is as high as 17.44 billion yuan. industry insiders said that the restructuring of avic electro-mechanical test has been officially approved by the china securities regulatory commission, marking that this major asset restructuring is about to enter the substantive implementation stage. in this transaction, aviation industry corporation of china plans to inject 100% of chengfei group's equity into avic electro-mechanical test.the move aims to accelerate the securitization process of the group's core assets

according to the investor relations activity record sheet disclosed by bengang plate on september 3,the company's asset replacement plan is that the assets to be placed in the company are 100% equity of benxi iron and steel (group) mining co., ltd., and the assets to be disposed of are all assets and liabilities of the listed company except for the retained assets and liabilities., the difference between the assets to be placed in and the assets to be disposed of shall be made up by one party to the other party in cash. shanghai electric power issued an announcement on the progress of the major asset purchase and delivery on august 21. the company reviewed and approved the relevant proposal to acquire 66.40% of ke's equity in 2016. however, there are differences between the review results of ke's new multi-year electricity price mechanism (myt) and the delivery preconditions agreed in the "share purchase and sale agreement". the company is negotiating with the counterparty based on the new myt. it is worth noting that there is still a risk that the profitability of the target company may be affected by changes in electricity prices, and may even lead to the termination of the transaction.