The equity disputes between Shaanxi Automobile Group and Weichai Power have been buzzing, and this undoubtedly originated from Shaanxi Province's hope that Shaanxi Automobile Group will land on the A-share market. The primary premise is that Shaanxi Heavy Duty Truck is free from â€œcontrolâ€ of Weichai Power.
Tan Xuguang, chairman of Weichai Power, apparently has been fidgeting. If he loses his controlling stake in Shaanxi Heavy Duty Truck, the â€œheavy truck gold industrial chainâ€ he has been heavily building is also in danger of breaking.
Shaanxi Automobile Group intends to land A shares
â€œShaanxi Heavy Truck Co., Ltd. (hereinafter referred to as Shaanxi Heavy Duty Truck) is a key enterprise in the province and will not allow easy control of foreign capital.â€ On the evening of October 13, an insider who did not want to be named was on the phone to the â€œHuaxia Timesâ€. The reporter revealed that â€œShaanxi Group has recently announced at its internal working meeting that the overall listing of Shaanxi Automotive Group Co., Ltd. (hereinafter referred to as Shaanxi Automotive Group) has been included in the plan of Shaanxi Province, and Shaanxi Automobile hopes to land on the domestic A-share market.â€
In the eyes of the above-mentioned persons, the Shaanxi Provincial SASAC hopes to take back Shaanxi Zhongqiâ€™s controlling stake from Weichai Power through the overall listing of Shaanxi Automobile Group. It is reported that 51% equity of Shaanxi Zhongqi is owned by Weichai Power. Shaanxi Automobile Group holds only 49% shares of Shaanxi Zhongqi, and it is difficult to load Shaanxi Heavy's assets, which account for 80% of Shaanxi Automobile's operating revenue, into future listed companies.
Previously, the core competitiveness of Weichai Power has always been the "heavy truck gold industrial chain" that it advocates. Once it loses its controlling stake in Shaanxi Heavy Duty Truck, the chain will undoubtedly face the danger of being torn.
In fact, this hidden danger was revealed at the beginning of Weichai Power's acquisition of the Hunan Torch.
In August 2005, Weichai invested RMB 1.023 billion to win control of the torch. At the time, Tan Xuguang said in an interview with this reporter that through the acquisition of the Hunan Torch, Weichai Power initially had a complete heavy truck gold industrial chain model of â€œtransmission + engine + axleâ€.
"In addition to the four companies involved in this industry chain, in addition to Weichai Power, the other three companies, namely Shaanxi Heavy Duty Truck, Shaanxi Fast Gear, and Hande Axle, were actually controlled by the Shaanxi State-owned Assets Supervision and Administration Commission for a 49% stake. Power Holdings is 51%.â€ An insider of Shaanxi Zhongqi International told this reporter that â€œthe so-called 'golden industrial chain' is not solid, and Tan Xuguang actually thought that long ago.â€
Competition for control with Weichai
As Shaanxi Shaanxi's second largest controller, the Shaanxi Provincial Government has not stopped its â€œcontrol overâ€ of its controlling stakes.
It is reported that in the second half of 2006, in the course of the reorganization of the Hunan torch by Tan Xuguang, relevant departments of the Shaanxi Provincial Government hoped to introduce an investment of about 1 billion yuan for Shaanxi Zhongqi to increase the strength of Shaanxi Automobile Group. Subsequently, on December 7, 2006, under the leadership of the Shaanxi Provincial State Assets Supervision and Administration Commission, Shaanxi Yanchang Petroleum (Group) Co., Ltd. officially took a share in Shaanxi Auto and invested RMB 1 billion in Shaanxi Auto. After the investment, Yanchang Petroleum only enjoys the right to shareholder investment and the rights of its shareholders are exercised by the Shaanxi Provincial SASAC.
This is tantamount to sending an important signal to Tan Xuguang: As the largest shareholder of Shaanxi Zhongqi, Tan must follow suit, otherwise its control over Shaanxi Zhongqi will decline. Subsequently, Weichai Power increased its capital and the shareholding structure of both parties remained at 51% and 49%.
However, the retirement of Zhang Yupu, chairman of Shaanxi Auto Group, in June this year also made Tan Xuguang feel uneasy. Zhang Yupu, who was appointed as the executive president of Weichai Power by Tan Xuguang in 2007, retires in Xi'an, Shaanxi instead of Weifang, Shandong.
It is reported that Shaanxi Automobile Group, including Shaanxi Zhongqi, has been under Zhang Yupu's management "control". â€œZhang Yupu is managing the enterprise on behalf of the Shaanxi Provincial Government.â€ This is the idea of â€‹â€‹the majority of employees of Shaanxi Heavy Auto. The overall listing plan of Shaanxi Auto Group is also a plan formulated by Zhang Yupu at the time of his departure.
However, analysts believe that: â€œChina National Heavy Duty Truck Group Limited raised more than 10 billion yuan in funds in Hong Kong for listing in 2007. Funds in terms of new product development, market development, and overseas expansion are more than adequate. Weichai Power has 51% of Shaanxi Zhongqi. The equity of the company is listed in the listed company. Therefore, it is meaningless for Shaanqi Group to install only the remaining 49% of the equity in the listed company. The company is inevitably facing the issue of competing with Weichai Power in the control of Shaanxi Zhongqi."
Tan Xuguang walks to the crossroads
All sorts of signs indicate that Fang Hongwei, the new chairman of Shaanxi Automobile Group, has begun to flex its muscles. On June 15, Fang Hongwei stated that it planned to invest RMB 3 billion in 2009 to build a car industry park in Baoji, Shaanxi Province, with major products such as China Card, special-purpose vehicles, mini-vehicles and auto parts. Subsequently, CITIC Bank will The bank grants RMB 3 billion for corporate development.
Relying solely on bank loans to get rid of funds is one of the main reasons why Shaanxi Province is eager to promote the overall listing of Shaanxi Auto.
In order to break into the mini-car market, Fang Hongwei explained that "in order to deal with the current financial crisis, take the road of connotative development, and extend the industrial chain".
"In fact, Fang Hongwei's real intention is to gradually get rid of the shadow of Weichai Power's control. Shaanxi Automobile Group will gradually operate independently and only expand into other areas." Analysts believe that prior to this, Shaanxi Automobile Group has been deepening institutional and mechanism reforms for the whole Prepare for listing. Currently Shaanxi Automobile Group owns 15 holding subsidiaries such as Shaanxi Heavy Duty Truck, Baoji Huashan Engineering Vehicle Co., Ltd., Shaanxi Aushuute Automobile Co., Ltd., Xi'an Cummins Engine Co., Shaanxi Hande Axle Co., Ltd., and Shaanxi Heavy Duty Auto Parts Co., Ltd. , And the above-mentioned subsidiaries will all be within the listing plan of Shaanxi Auto.
"Utilizing Shaanxi state-owned enterprises and the cooperation between Shaanxi domestic enterprise resources and Shaanxi Auto may be an effective way to counterbalance Weichai's power." A person familiar with the situation told this reporter: "If you lose control of the above three 'Shaanxi' companies, The largest domestic commercial vehicle camp led by Weichai will face the danger of 'dissolution'."
On March 20, 2006, the State-owned Assets Supervision and Administration Commission of Shandong Province formally released the equity relationship between Weichai Power and China National Heavy Duty Truck. Tan Xuguang got rid of the â€œtieâ€ of Chairman of China National Heavy Duty Truck Group Ma Chunji. However, Shaanxi Shaanxi Automobile's â€œEasternâ€ Shaanxi Provincial Government will, if it does, leave Shaanxi Weichai Power much better than Weichai Power's control from China National Heavy Duty Truck Group.
Features of concrete batching plant:The overall steel structure of the mixing station is made of high-quality steel, which has high overall structural strength and strong stability.The mixing machine adopts the twin-shaft forced mixing main machine, which has strong mixing performance, uniform mixing and high productivity.Excellent pneumatic components, electrical components, etc.; to ensure the reliability of the equipment, accurate metering performance.Each maintenance and repair site is provided with a walking platform or a check ladder, and has sufficient operation space.It is assembled by building blocks, which is short, quick and convenient.It is convenient and quick to use the cylinder discharge or electric push rod to discharge.variety of mixing processes, highly automated, high production efficiency,.Environmental protection and energy saving, using pulse dust removal, recycling waste-water for reuse.It adopts combined structure and unitized module, which is very convenient for installation and demolition.High performance twin-shaft, good mixing quality and high efficienc.Increase the unloading angle of the aggregate bin to solve the problem of unloading difficulties caused by rain.The electrical control system uses imported components, reliable performance and easy operation.
Hzs90 Concrete Batching Plant,90M3/H Small Concrete Batching Plant,Ready Mixed 90M3 Concrete Batching Plant,90M3H Concrete Batching Plant Machine
Shandong Zeyu Heavy Industry Science and Technology Co.,Ltd. , https://www.sdstabilizedsoilmixingplant.com