China Railway Materials Company Limited(000927) announced on the evening of November 29 that it received a notice from the indirect controlling shareholder China Railway Materials Group on the same day. After study by the state owned assets supervision and Administration Commission of the State Council and reported to the State Council for approval, it was agreed that China Railway Materials Company Limited(000927) group and China Chengtong Holding Group Co., Ltd. would implement professional integration in the logistics sector.
At the same time as China Railway Materials Company Limited(000927) , there are also Xinjiang Guotong Pipeline Co.Ltd(002205) , Cts International Logistics Corporation Limited(603128) and Cmst Development Co.Ltd(600787) 3 A-share listed companies. China Railway Materials Company Limited(000927) and Xinjiang Guotong Pipeline Co.Ltd(002205) belong to China Railway Materials Group, Cts International Logistics Corporation Limited(603128) and Cmst Development Co.Ltd(600787) belong to China Chengtong Group. In March this year, four companies have released the news of “planning logistics business integration”.
It is disclosed that the framework scheme of this integration is: the China Railway Materials Company Limited(000927) group is renamed to the integrated new group, and the SASAC of the State Council performs the responsibilities of investor on behalf of the State Council to transfer the China material storage and Transportation Group Co., Ltd., Cts International Logistics Corporation Limited(603128) , China Logistics Co., Ltd. held by China Chengtong Group and its affiliated enterprises The equity of China Packaging Co., Ltd. is transferred to the integrated new group free of charge.
Public information shows that China Chengtong is formed by the merger of material circulation enterprises directly under the former Ministry of materials, and logistics is one of its physical businesses. The business entities of its logistics sector include Cmst Development Co.Ltd(600787) mainly engaged in warehousing logistics, international freight forwarding enterprises Cts International Logistics Corporation Limited(603128) and China Logistics Co., Ltd. The businesses of the above companies include warehousing business, transportation and distribution, international freight forwarding, railway container transportation and agency business, etc. China Chengtong official website said that it has the largest and most widely distributed logistics network in China.
The main business of China Railway Materials Company Limited(000927) group focuses on the supply and management of railway strategic materials, and its business involves railway oil products, track, equipment, railway construction, industry, logistics and other fields. According to the official website of tiewu group, the group has 29 logistics bases in 22 major cities, with a storage area of nearly 590000 square meters, a material storage yard area of 2.09 million square meters, and 89 special railway lines, with a total length of about 75 kilometers. In addition, China Railway Materials Company Limited(000927) has more than 270 logistics operation outlets, more than 300 sets of various lifting equipment, and an annual throughput of 50 million tons.
In 2012, China Railway Materials Company Limited(000927) group incurred debt risk due to deviating from its main business and relying on the falsely increased scale of steel trade business. In April 2016, China Railway Materials Company Limited(000927) group was entrusted by SASAC to China Chengtong trusteeship, which has not changed so far. In January this year, China Railway Materials Company Limited(000927) backdoor original * ST Xiali under China Railway Materials Group was listed.
The specialized integration of the two central enterprises was also “named” by the SASAC. At a press conference held by the State Council Information Office on October 20 this year, Peng Huagang, secretary general and spokesman of the state owned assets supervision and Administration Commission of the State Council, revealed that in terms of professional integration, we should take business strengthening and refinement as the goal, take advantageous enterprises as the main body, take the industrial system reform in relevant fields as an opportunity, and vigorously promote rare earths through free transfer, paid acquisition and joint-stock cooperation Specialized integration in logistics and other fields, effectively enhance the competitiveness of enterprises through optimal allocation of resources, and build a world-class enterprise with global competitiveness.
(Shanghai Securities News)
