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Coal and electricity are reorganized as the highlight of this year's state-owned enterprise reform.
On June 4, China Shenhua, a listed company of Shenhua Group, the world's largest coal company, and Guodian Power, a listed company of Guodian Group, one of the five major domestic power groups, both issued announcements stating that trading will be suspended from June 5. Planning major issues involving the company. The news ignited the merger of the two to form a "China Shendian" giant is expected.
At the state-owned enterprise reform briefing held by the State-owned Assets Supervision and Administration Commission on June 2, Peng Huagang, deputy secretary-general of the State-owned Assets Supervision and Administration Commission, said that the next step will be to accelerate the pace of in-depth adjustment and reorganization along the three paths, and steadily promote coal power, heavy equipment manufacturing, and steel. The reorganization of central enterprises in the field will strive to be adjusted to less than 100 within this year.
China Shenhua said in the announcement that it received a notice from Shenhua Group Co., Ltd., the controlling shareholder of the company, on June 2, 2017, that it was informed that it planned to plan a major matter involving the company, and that there was significant uncertainty in the matter, which still needed to be approved by the relevant competent authorities. In order to ensure fair information disclosure, safeguard the interests of investors, and avoid abnormal fluctuations in the company's stock price, the company's A shares were suspended from trading on June 5, 2017.
Guodian Power also stated that the company received a notice from the company's controlling shareholder, China Guodian Corporation, on June 2, 2017, that it was informed that it planned to plan a major matter involving the company. The matter has major uncertainties and needs to be approved by the relevant competent authorities. In addition to the above disclosures, the Company does not have any other information that should be disclosed but not disclosed.
In the evening of the same day, China Guodian's listed companies * ST Pingneng and Longyuan Technology both announced that they had received a notice from the company's actual controller, China Guodian Corporation, that they had learned that they planned to plan a major event. There is major uncertainty in this matter. Need to obtain approval from relevant competent authorities. The above matters do not involve the company's major asset restructuring matters, nor will it constitute a significant impact on the company's normal production and operation activities.
It is reported that if China Shenhua and China Guodian are successfully reorganized, a giant with total assets of more than 1.8 trillion yuan will be formed, far exceeding the Baowu Group, Minmetals Group, China Shenche, China Shenyun, etc. formed by the previous reorganization.
In fact, the coal, power sector restructuring news has been constant. On July 21 last year, there were media reports that Shenhua was seeking to merge with CGN. In March this year, China Shenhua and Datang Power, one of the five major power generation groups, spread rumors of restructuring, but these news were denied.
At the beginning of May this year, it was reported that the relevant departments were considering merging and reorganizing the current major thermal power enterprises and nuclear power enterprises into three. One option for the restructuring is to merge Shenhua, CGN and Datang into one company; Huadian, Guodian and CNNC into one company; and Huaneng and Guodian Investment into one company. "This news industry rumors for a long time, but the final situation is still difficult to say." A relevant business people told the "Economic Information Daily" reporter.
However, it is certain that the restructuring of the coal power sector will be the highlight of the reform of state-owned enterprises this year. Peng Huagang revealed at the above-mentioned state-owned enterprise reform briefing that in the next step, SASAC will continue to promote the reorganization of central enterprise groups, deepen the pilot merger and reorganization of central enterprises, and strengthen the evaluation of the integration effect after the reorganization. Steadily promote the reorganization of coal power, heavy equipment manufacturing, steel and other fields, explore the integration of overseas assets, concentrate resources to form a joint force, and better play the synergy effect. Promote central enterprises to take advantage of leading enterprises and listed companies as a platform to strengthen the integration of resources in the same business sector among enterprises.
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