On Jan. 16th, Anyang Steel announced the progress of mixed-ownership reform by controlling shareholder Angang Group. Henan Provincial State-owned Assets Supervision and Administration Commission and Henan Machinery Investment Group Co., Ltd have preannounced information in the system of Henan Zhongyuan Property Rights Exchange Co. Ltd and will transfer the possession of Angang Group’s stock equity, and the transfer ratio is 80%.
According to the preannounced information, as of the end of the first half of 2021, the total asset of Angang Group is 59.18 billion Yuan and the net asset is 15.43 billion Yuan.
According to information, the main contents of Angang Group’s mixed-ownership reform plan are: first, evaluate and make a price for 100% stock equity of Angang Group and invest to Henan Machinery Investment Group Co., Ltd wholly owned by Henan Provincial State-owned Assets Supervision and Administration Commission, at the same time, transfer 20% stock equity of Anyang Steel to Henan Machinery Investment Group Co., Ltd free of charge; then rely on Henan Machinery Investment Group Co., Ltd listed on assets and equity exchange publically and adopt the comprehensive evaluation method to determine a strategic investor and transfer 80% stock equity of Angang Group; the strategic investor will increase capital and share, and carry out medium and long-term incentives such as employee stock ownership.
For this mixed-ownership reform, Angang Group said, the group planned to bring in a strategic investor to implement the mixed-ownership reform in order to deeply transform the system and mechanism of Angang Group, stimulate innovation vitality, and drive the integration and upgrading and high quality development of Henan province’s iron and steel industry.
(To contact the reporter on this story: leo.ji@steelhome.cn or 86-555-2238932 18616060095) |
