NewsThe evening of June 27th, PetroChina issued the "notice" on the progress of free transfer of state-owned shares said that in May 26th the company received a controlling shareholder of the group to turn the oil in "Chinese Petroleum Corporation on the free transfer of state-owned shares of the PetroChina Co Ltd notice", China Petroleum Group Company intends to hold 440 million shares of A shares (approximately the company's total share capital of 0.24%) free of charge transferred to the Anshan Iron and steel group. Chaoyang dust removal equipment
The company received notification from the controlling shareholder of the petroleum group that the transfer of the above-mentioned state-owned shares has been approved by the state owned assets supervision and Administration Commission of the state council.
The free transfer after the oil Chinese oil group holds about 156 billion 970 million shares of A shares, the proportion of the free transfer of the previous 86.01% to 85.77% in the total share capital of the listed company; Anshan Iron and Steel Group shares accounted for about 0.24% of the total equity of listed companies. Chaoyang casting
According to China Petroleum yesterday's share price 7.69 yuan / share, these 440 million shares worth 3 billion 400 million yuan.
According to PetroChina previously released "Chinese Petroleum Corporation on the free transfer of state-owned shares of the PetroChina Co Ltd notice" said the move to strengthen the oil group in cooperation with the Anshan Iron and steel group company strategy, optimize the company's ownership structure. Chaoyang casting
It is understood that in 2014 January, Anshan Iron and Steel Group has signed a strategic agreement for a period of ten years with PetroChina, CNPC will provide a more stable market resources for Anshan Iron and Steel Group, Anshan Iron and Steel Group will Chinese oil petroleum steel, petroleum and natural gas storage tanks and pressure vessels of special steel, petroleum and natural gas transportation and refining device seamless steel pipe and other natural gas pipeline products procurement strategy.
What needs to be mentioned is that this is not the first time PetroChina has been holding shares with the Central Iron and steel enterprises. In June 18, 2016, China petroleum announced that in order to strengthen the China Petroleum Group and Baosteel Group strategic cooperation, optimize the equity structure of the company, CNPC intends to free transfer by way of oil, will China 624 million shares of A shares transferred to Baosteel group. According to the share price at that time, the corresponding value of the transfer of about 4 billion 500 million yuan. Chaoyang casting
In 2015 September, the "guidance" on deepening the reform of state-owned enterprises is put forward, "adhere to the dominant position of public ownership, state-owned economy to play a leading role, and actively promote the state-owned capital, collective capital, non cross shareholding, public capital integration, promote various ownership capital complementarity, mutual promotion and common development."
Subsequently, cross shareholdings between the central enterprises began to frequent.
By the end of 2015, COSCO had transferred its holdings of COSCO 250 million shares (2.45% of the company's share capital) to the Wuhan Iron and steel group.
In 2016 September, Baosteel Group intends to transfer its capital, control, new investment, and PetroChina separately to 2.45%, 2.45%, and 4.86% shares of the company.
In addition, the Wuhan Iron and Steel Group will be 500 million shares of Wuhan Iron and Steel shares (4.95% of total equity) shall be transferred to the COSCO Group, the group will be 43 million 920 thousand shares of China ship shall be transferred to the COSCO Group, SDIC SDIC electric power company will be 146 million 590 thousand shares free transfer of shares to Chinese shipping company. Chaoyang dust removal equipment
Analysts told the "Securities Daily" the reporter said, the state-owned enterprise reform has entered the deep water area, cross shareholding is a new trend in the reform of state-owned enterprises, to the capital as the link, the two companies will have more cooperation, is a means to strengthen further cooperation.
