Shuanghui Group and all its subsidiaries have total assets of 6.094 billion yuan and net assets of 3.59 billion yuan, including state-owned assets of 576.5438 billion yuan. The final transfer price of 576,543.8 billion yuan of state-owned shares transferred this time is 206,543.8 billion yuan, which increases the value of state-owned net assets by10.439 billion yuan. After the transfer of state-owned shares, the main business of Shuanghui Group remains unchanged, and the group headquarters and main production base are still in Luohe City.
On April 26th, 2006, Hong Kong Rotex Co., Ltd. (a subsidiary of Goldman Sachs Group) authorized by Goldman Sachs Group and CDH participated in the bidding on behalf of the above two companies, and won the bid for Shuanghui Equity Auction at a price of RMB 20 1 100 million, and obtained the equity of Shuanghui Group 100%, with Goldman Sachs accounting for 5 1% and CDH accounting for Rotex 49%. Before the transfer, in 2005, the total assets of Shuanghui Group had reached 7 billion yuan, and the sales income was 21100 million yuan. The brand value of Shuanghui alone reached 65.438+00.636 billion yuan. The reserve price of 65.438 billion yuan makes all the sales of Shuanghui Group look like a big sale.
In May 2006, the signing ceremony was officially held on 1 1 in the morning. With the organization of Beijing Property Rights Exchange and the participation of the tendering company, Deputy Secretary-General of Luohe Municipal Government and sasac director signed the Equity Transfer Agreement on behalf of the transferor and representatives of the transferee Rotex Co., Ltd. Zhang Yi and Jiao. Rotex Co., Ltd., controlled by Goldman Sachs Group, USA, purchased the state-owned equity of Shuanghui Group Company for 20 1 10,000 yuan.
On October 8th, 2007 10, after entering Shuanghui, Goldman Sachs reduced its shares in Rotex from 5 1% to 46%, and CDH's shares in Rotex changed from 49% to 54%. CDH became the actual controller of Shuanghui Group.
Three years later, in 2009, Goldman Sachs transferred half of its shares (23%) in Shuanghui Group to CDH. It is planned to gradually fade out of Shuanghui and eventually reduce Goldman Sachs' shareholding in Shuanghui to about 5%. In the three years from 2006 to 2009, Goldman Sachs made a net profit of at least 654.38 yuan +0.5 billion yuan.
In fact, Goldman Sachs and CDH have cooperated many times before investing in Shuanghui Group. Prior to this, Yurun, Mengniu, Focus Media and later Huang Ming Group were all jointly invested by them.