1. In 2006, Hong Kong Rotex Co., Ltd., authorized by Goldman Sachs Group and Dinghui Investment, won the Shuanghui equity auction with a price of RMB 2.01 billion.
The total assets of Shuanghui Group Company and all its affiliated companies are 6.094 billion yuan, and the net assets are 3.59 billion yuan, of which 571 million yuan are state-owned assets.
The final transfer price of the 571 million yuan of state-owned equity transferred this time was 2.01 billion yuan, which increased the value of state-owned net assets by 1.439 billion yuan.
After the transfer of state-owned equity, the main business of Shuanghui Group will not be changed. The group headquarters and main production base will still be in Luohe City. 2. At 11 a.m. on May 12, 2006, the signing ceremony was officially held.
With the participation of the Beijing Equity Exchange and Guosen Tendering Company, Du Guangquan, deputy secretary-general of the Luohe Municipal Government and director of the State-owned Assets Supervision and Administration Commission, represented the transferor, together with Zhang Yi, Jiao Shuge, and ***, representatives of the transferee Rotex Co., Ltd.
The "Equity Transfer Agreement" was signed. Hong Kong Rotex Co., Ltd. controlled by Goldman Sachs Group purchased the state-owned equity of Shuanghui Group Company for 2.01 billion yuan.
3. The Shuanghui state-owned equity transfer project was publicly listed for trading on the Beijing Equity Exchange on March 3, 2006, and the listing ended at 5:00 pm on March 30. *** received inquiries from more than 10 intended investors, resulting in
Two intended transferees that meet the transfer conditions: Hong Kong Rotex Co., Ltd., with the US Goldman Sachs Group as the actual controller; Shuanghui Food International (Hong Kong New World Development Co., Ltd. and CCPM Asia Investment Fund as the actual controllers)
MAURITIUS) LIMITED.
In accordance with relevant national laws and regulations, the transferee will be determined through bidding.
From April 17th to 26th, the bidding was organized by Guosen Tendering Co., Ltd. After evaluation by relevant experts, Rotex Co., Ltd. met the comprehensive requirements, had the highest quotation, and scored first and won the bid.
Extended information 1. The reasons for the transfer of Shuanghui state-owned equity: (1) It is the need to deepen the reform of state-owned enterprises.
The meat processing industry that Shuanghui Group Company engages in is an industry with complete market competition.
In accordance with the reform idea of ??"advance and retreat, do something and refrain from doing something" in state-owned property rights, this transfer of state-owned equity is in line with the country's policy requirements for the reform of state-owned enterprises.
(2) It is the need to promote the international development of Shuanghui Group Company.
Through equity transfer, it is conducive to the reform of its property rights system and the establishment of modern enterprise systems and innovative management mechanisms. It is also conducive to opening up new financing channels, building new financing platforms, and enhancing the comprehensive competitiveness and international influence of enterprises.
(3) It is the need to expand opening up and accelerate the development of Luohe.
Shuanghui Group Company is the economic pillar of Luohe City. Its equity transfer and international development will enhance the level of Luohe City's opening up to the outside world.
2. In the Shuanghui equity transfer, the winning bidder, Hong Kong Rotex Co., Ltd., is a project company newly registered in Hong Kong in accordance with international practice specifically to participate in the Shuanghui Group equity transfer project.
Goldman Sachs Strategic Investments (Asia) Co., Ltd. holds 51% of Rotex and CDH Shine Co., Ltd. holds 49% of its shares.