Coal Chemical Industry Integrate Resources in Zhongping Henan
Business community on May 7 yesterday to share God Ma, Pingdingshan share both hang out a notice announced that China Chemical Group Pingdingshan Shenma energy (the energy of Zhongping Group) will absorb the consolidated shareholder Shenma Group, Pingdingshan Group. The secondary market, God shares Gaps sealed in the daily limit of Ma, to 13.74 yuan; Pingdingshan share decreased marginally by 1%, to 24.79 yuan.
Industry insiders say, Zhongping can absorb the merger of Group Shenma Group, Pingdingshan Group aims to promote integration between the depth of the reorganization. Therefore, the direct holding Zhongping able to turn the Group, the asset injection, integration of horses expected to be of God, the two share Pingdingshan important Aspect of future performance.
Shenma shares bulletin shows that the absorption of pre-merger, Zhongping to God Ma Group of the Group indirectly held by the company’s total share capital of 52.95%; the completion of the acquisition, Zhongping to the company of the Group will hold 234 million shares directly of the total share capital of 52.95 percent, as the majority shareholder.
Notably, the company disclosed in the announcement, Zhongping able to turn the Group completed the acquisition within 12 months after the support of God, shares of its own funds to integrate horse nylon chemical industry, choose the nylon chemicals business into the group. Meanwhile, support for the company to sell assets, private placement, etc., to address the potential between Kaifeng East Big problem with the competition. Stimulated by the news, shares a strong daily limit yesterday.
“The turning point has emerged the company fundamentals.” GF Securities believes that the next group is expected to take two kinds of assets restructuring of the company means the assets will set out the loss of chlor-alkali chemical or nylon and the remaining 51% stake in plastic injection God Ma company. All this will significantly boost company share prices, investors cause for concern.
Pingdingshan shares: the overall stock market to advance notice Pingdingshan, the absorption of the merger, Zhongping to the company of the Group will hold 827 million shares directly, the total share capital of 59.23 percent, as the majority shareholder. The combined group will support Zhongping can turn acquired the remainder of the original coal Pingdingshan asset classes to achieve the overall market Pingdingshan coal business. And clearly, the company will be the end of June 2011 before the acquisition of mining opera (including the new Ning Zhuang well), Changhong mining shares, Chang energy companies, to address potential competition in the industry.
China Merchants Securities believes that this is the first time raised the overall time to market, Zhongping to inject the assets of the Group’s commitment to the company in 2011 is expected to make the performance of thickening of 6%. Coupled with the integration of resources in Henan context of the company in Henan Province from the ongoing integration of small mining companies in the carving up some of the resources, both companies will support share prices, investors can focus on.
However, some analysts said the stock yesterday, with obvious signs of the resources sector adjustment, combined with the 14 million shares of stock under the float caps nearly 25 yuan, so the relative shares of God in terms of horses, this absorption is difficult to constitute a merger of the stock in the short term flashpoint.
In order to promote China, Iran, the exchange of petrochemical industry, China Petroleum and Chemical Industry Association, China Chemical Network join the Iranian Chamber of Commerce in May Copolymer Ningbo, invited two senior industry experts organize the “2010 Sino-Iranian Petrochemical Industry Summit Forum”, jointly with you the expansion of production capacity between China and Iraq under the petroleum products market! Conference topics include oil, natural gas, methanol, polyolefins, aromatics and other petrochemical products market.
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