Quanchai Power announced that the Quanjiao County government plans to transfer the ownership of Anhui Quanchai Group Co., Ltd., a controlling shareholder, on the property rights exchange in the near future. The company has applied to stop the trading of the company's shares since March 11, 2011, and the suspension time will not exceed. Five working days. The time-consuming reform of the Quanchai Group has made substantial progress.
Quanjiao County has "back to Italy"
In fact, the Quanjiao County government has long had plans for the integration of Quanchai Group. In early January 2010, the company issued an announcement after the stock price rose for several consecutive days that Quanjiao County People's Government provided resources of Quanchai Group and conducted strategic cooperation with China Hengtian Group Co., Ltd., and provided the most relevant aspects in terms of land and taxation. Preferential policy support.
According to the plan, China Hengtian Group Co., Ltd. will give full play to its advantages in capital, brand, industry, marketing network, and policies, and cooperate with the Quanjiao County People's Government to jointly accelerate the development of Quanchai Group within 3-5 years. Invested 1.5 billion yuan to integrate and upgrade the engines of Quanchai Group and strive to make the sales revenue of Quanchai Group reach 10 billion yuan. We will work together to promote the development of automotive-related industries in Quanjiao in the automotive industry.
The company also stated that the actual controller of the Quanjiao County People’s Government of Anhui Province is to implement the spirit of development of central enterprises and local cooperation, promote the optimization of the state-owned economy and development, and promote the common development of central enterprises and local economies.
However, at that time, the strategic cooperation between the People's Government of Quanjiao County and China Hengtian Group Co., Ltd. was still in the stage of project inspection and docking and exchange. It was only an intention of cooperation and the specific cooperation methods and cooperation projects had not yet been determined.
Since then, the reform of the Quanchai Group has been steadily progressing. The company announced on September 27, 2010 that the real controller, Quanjiao County People's Government, intends to discuss the reform of the property rights system of Quanchai Group. This matter may involve changes in the actual controller of the company. The company's shares were suspended from September 27, 2010.
After the resumption of trading, the company stated that Quanjiao County will transfer part of the equity of Quanchai Group until the transfer of a controlling interest. Quanchai Group is currently organizing personnel to cooperate with the government and other relevant agencies to conduct clearing and verification of nuclear assets, evaluations, and audits, and participate in the formulation of enterprise restructuring plans and employee resettlement programs.
The reorganization party decides the direction of development
Judging from the actions of the Quanjiao County People's Government, the equity transfer of Quanchai Group has been proceeding in an orderly manner, and the market's conjecture for the reorganization party includes both the Central Enterprise Hengtian Group and the private enterprise Rongan Power. The final reorganization party's determination will also determine the company's future development direction.
It is understood that Hengtian Group is a state-owned large-scale enterprise group supervised by the State-owned Assets Supervision and Administration Commission of the State Council with a registered capital of 2.759 billion yuan. It is mainly engaged in textile machinery, textiles, clothing and trade, including the research, development, manufacture, and sales of textile machinery. The design, production and sales of textiles and garments.
The R&D, manufacturing and sales of textile machinery is one of the core business segments of the Hengtian Group, and its comprehensive strength ranks first in the domestic textile machinery industry. Trucks and accessories, mining machinery and general machinery business are among the faster growing business segments of the Hengtian Group. The main products include trucks, auto parts, medium and small-power multi-purpose diesel engines, marine and land-use generator sets, machine tools, engineering (mine) machinery, and general machinery.
Obviously, the production and sales capacity of the 300,000-vehicle multi-cylinder diesel engine, 500,000 single-cylinder diesel engines, 50,000-ton plastic pipe, and 200,000 sets of automotive interior parts produced by the Quanchai Group is an attraction to the Hengtian Group. A big selling point. The industry expects that if the equity transfer is completed, Hengtian Group will begin to integrate the diesel industry of Quanchai Group.
However, the market's guess for the restructuring of Quanchai Group is far more than that. In addition to the Hengtian Group, Rongan Power, which is owned by Jiangsu Rongsheng Heavy Industry Group, Geely Automobile, Jianghuai Automobile and even China's largest civilian-building shipbuilding company, was once marketed.
Industry insiders pointed out that Hengtian Group has a great advantage in textile machinery, and Rongan Power is a leader in the marine diesel engine market. Obviously, the ultimate choice of the reorganization party will also mean the future direction of Quanchai Group.
Hydraulic Assembly,High Precision Hydraulic Assembly,Hydraulic Lock High Precision,Hydraulic Safety Lock
Huai'an Youbang Hydraulic Machinery Co., Ltd. , https://www.yb-hydraulic.com