Many enterprises originally born from the same root have become "family" again after being split for various reasons in this round of structural adjustment of central enterprises.
After aviation manufacturing, railway and shipping, it seems that there will be a new "Big Mac" in shipbuilding. In the recent asset reorganization of China Shipbuilding Industry Corporation (CSIC), the long-awaited merger of "North-South Ship" seems to have cleared the last obstacle little by little.
China Heavy Industry Co., Ltd., a listed company of China Shipbuilding Industry Co., Ltd., issued an announcement on September 14, announcing the long-awaited framework agreement for major asset restructuring, and plans to issue shares to purchase 42.99% equity of Dalian Shipbuilding Industry Co., Ltd. and 36. 15% equity of Wuchang Shipbuilding Industry Group Co., Ltd. (hereinafter referred to as Wuchuan Heavy Industry).
This is another significant progress of China Heavy Industry in asset restructuring after China Heavy Industry announced on August 6th this year that Xinda Asset Management, Dongfang Asset Management, State-owned Capital Venture Capital Fund, State-owned Enterprise Structure Adjustment Fund, Life Insurance, Huabao Investment, China Merchants Ping 'an Asset Management and Guohua National Defense and Civil Technology Integration Industry Development Fund injected 21868 million yuan into its wholly-owned subsidiaries Dachuan Heavy Industry and Wuchuan Heavy Industry by means of debt-for-equity swap and cash capital increase.
According to the framework agreement, China Heavy Industry will repurchase the shares of this subsidiary previously acquired by eight state-owned shareholders through debt-to-equity swap and cash injection. The framework agreement did not disclose the transaction consideration of China Heavy Industry's repurchase.