On the evening of December 28, CSSC’s two listed companies Cssc Science & Technology Co.Ltd(600072) and China Shipbuilding Industry Group Power Co.Ltd(600482) announced that China Cssc Holdings Limited(600150) group was planning relevant matters related to the company.
According to the announcements of the two companies, it is related to the integration of the two business assets of wind power and diesel engine of CSSC, which may mean that the assets of CSSC will usher in a round of integration.
Cssc Science & Technology Co.Ltd(600072) proposed to acquire relevant wind power assets
It was announced on the 28th of Cssc Science & Technology Co.Ltd(600072) that the indirect controlling shareholder China Cssc Holdings Limited(600150) group is planning major matters related to the company, which is expected to involve issuing shares to purchase 100% equity of CSSC haizhuang, 88.58% equity of CSSC wind power development, 100% equity of Xinjiang Haiwei, 44.64% minority equity of Luoyang Shuangrui and 10% minority equity of lingjiu electric gas. The trading of the company’s shares has been suspended since December 29, and the suspension is expected to be no more than 10 trading days.
as a state-owned listed company indirectly controlled by China Cssc Holdings Limited(600150) group, Cssc Science & Technology Co.Ltd(600072) main business is still extended outward on the basis of ship and sea business. Cssc Science & Technology Co.Ltd(600072) according to the semi annual report of 2021, the company’s wholly-owned subsidiary, China Shipbuilding Jiuyuan has successively undertaken a series of professional engineering projects such as the construction project of the general assembly base (EPC) of China offshore Xiangshan large offshore wind power equipment industrial park.
The three proposed targets of Cssc Science & Technology Co.Ltd(600072) involve wind power related businesses, and Cssc Science & Technology Co.Ltd(600072) is expected to become a capital platform carrying the relevant wind power assets of China Cssc Holdings Limited(600150) group.
CSSC integrates its diesel engine business
The China Cssc Holdings Limited(600150) group was formed by the merger and reorganization of North South ships. On October 25, 2019, the official website of the state owned assets supervision and Administration Commission of the State Council announced that upon approval by the State Council, China shipbuilding industry group and China Shipbuilding Heavy Industry Group implemented joint restructuring. On November 26 of the same year, the China Cssc Holdings Limited(600150) Group Co., Ltd. formed after the merger and reorganization of North South ships held an inaugural meeting in Beijing and held an unveiling ceremony to announce the completion of the merger and reorganization of “North South ships” and become the world’s largest shipbuilding group.
in fact, after the merger of North South ships, it is generally believed that the capital operation of relevant assets of the newly established China Cssc Holdings Limited(600150) group is expected to speed up. After all, there were too many intersections and overlaps in the business of North South ships.
On July 2 this year, nine Chinese shipping companies, including Cssc Science & Technology Co.Ltd(600072) and China Shipbuilding Industry Group Power Co.Ltd(600482) , announced that China Cssc Holdings Limited(600150) group would become the indirect or direct controlling shareholder of the company because the SASAC of the State Council transferred all the equity of its controlling shareholder to China Cssc Holdings Limited(600150) group free of charge.
On December 28, China Shipbuilding Industry Group Power Co.Ltd(600482) announced that China Cssc Holdings Limited(600150) group is planning to jointly invest and establish a joint venture with China Cssc Holdings Limited(600150) and the underlying assets used for capital contribution are the equity of China Shipbuilding Power (Group) Co., Ltd., China Cssc Holdings Limited(600150) heavy industry group Diesel Engine Co., Ltd., Shaanxi Diesel Engine heavy industry Co., Ltd. and Henan Diesel Engine Heavy Industry Co., Ltd. held by all parties to the transaction. After the completion of the transaction, the company will hold a controlling interest in the joint venture. The transaction is expected to constitute a major asset restructuring of the company.
Taking China Cssc Holdings Limited(600150) heavy industry group Diesel Engine Co., Ltd. as an example, the business scope of the company includes the design, production, testing, sales and after-sales service of marine main engines, their parts and related equipment; The business scope of Henan diesel heavy industry Co., Ltd. includes the development and sales of internal combustion engines and accessories.
China Shipbuilding Industry Group Power Co.Ltd(600482) said in the announcement that this is to further standardize the horizontal competition of diesel engine business under China Cssc Holdings Limited(600150) group.
On the evening of December 28, China Cssc Holdings Limited(600150) simultaneously disclosed relevant announcements.
(E company)
