|
Shougang shares today announced the company, controlling shareholders of Shougang Corporation and Beijing Automobile Investment Co., Ltd. joint venture to be set up Beijing Shougang Co., cold-rolled sheet. Cold-rolled sheet to be established is the relocation of Shougang, the adjustment of product structure, the focus of the project, total investment of 6.4 billion, cold-rolled sheet 2.6 billion registered capital. Joint largest shareholder holding 80% Announcement said Shougang shares in kind and monetary contribution will be a total of 1,827,294,500 yuan, accounting for cold-rolled sheet registered capital of 70.28% (including in-kind investment 1,567,294,500 yuan, currency investment 260 million yuan); Shougang Corporation their legally owned land use right investment 25270.55 yuan, accounting for 9.72% of registered capital; BAI a monetary contribution is 52,000 yuan, accounting for 20% of registered capital. Present, Shougang shares in the project has been put into cold-rolled sheet by physical assets, audit 4,785,743,300 yuan, of which 1,567,294,500 yuan cold-rolled sheet as a capital contribution in kind into the company by agreement into the rest of the company's first cold-rolled sheet Steel shares of the debt. In addition, Shougang shares for the construction of cold-rolled sheet production line project of special loans for the debtor to cold-rolled sheet by the Shougang shares in the company of failing to apply for debt conversion, the shares to Shougang cold-rolled sheet on the debt, The loans bear interest accordingly. Cold-rolled sheet company, Shougang Corporation, Shougang shares in total investment 208,000 million and the total registered capital of 80%. Shougang Corporation in determining the contributions to land use rights, then determine the final Shougang shares in the capital contributions, as well as Shougang shares, Shougang Corporation, the proportion of their share of funding. Notice introduction, cold-rolled sheet for the company is located in Shunyi District, Beijing, Li Qiaozhen, the project has started construction in July 2005, at the end of September 2007 has invested a total of 475,100 yuan, the main project has been completed, the proposed at the end of 2007 production. The total investment amounts to 6.42814 billion yuan, of which: 6.00897 billion yuan in fixed assets investment, construction period interest 271.69 million yuan and circulating fund of 147.48 million yuan. The production capacity of 1.5 million tons / year, including 700,000 tons cold-rolled sheet, hot galvanized plate 800 thousand tons. The production line is mainly for the North China market, product positioning focused on household appliances, advanced building panels and car plates. For the project company to introduce BAI as a strategic investor, the company projects that by this opportunity to achieve cold-rolled sheet cold-rolled sheet and Beijing Shougang Hyundai docking timber to the realization of cross-shareholdings of both the strategic on Cooperation To build win-win situation. Move steel to provide raw materials To ensure cold-rolled sheet production line in Shunyi stable supply of raw materials and product development needs of the production line will be in Hebei Province Shougang Iron and Steel Co., Ltd. Qian'an provide blank supplies, temporary transfer of shares to Shougang steel initially signed framework agreement for the blanks. Notice that, for the provision of services billet price when negotiations between the market price or pricing, availability subject to actual consumption. Addition, the company today also notice, the company hopes the South Industrial Co., Ltd. and Sichuan had April 18, 2007 were invested 25.5 million yuan, joint ventures, the establishment of Guizhou Shougang Industrial Investment Company. Southern Industrial Co., Ltd. Sichuan hope now agreed to hold 50% of its equity investment in Guizhou Shougang Holdings transferred to the original price (Hong Kong) Limited, a wholly owned subsidiary of Kennedy Health Holdings Limited. Kennedy Exchange Holdings Inc. by the domestic company into a joint venture properties. Since then, the exchange holding company and the firm will invest to increase investment capital of Guizhou 88.5 million yuan. Announcement said the investment company established in Guizhou, in June 2007 invested 50 million yuan actually hold the development of Guizhou Pine Creek Coal Co., 35% of the shares, and shares tied Panjiang largest shareholder. We are high quality suppliers, our products such as Online High Frequency UPS , China Line Interactive UPS for oversee buyer. To know more, please visits Online High Frequency UPS.
Related Articles -
Online High Frequency UPS, China Line Interactive UPS,
|
