Large-scale acquired from the State Grid Corporation of high levels of electrical and XJ Electric two listed companies have more than a few months old,glue stick so many good memories of that day the two companies are all gone against the tide fell, the high level electric is the day the largest decline in a stock.
This event is the acquisition of power equipment with the people in the industry known as the "earthquake", after a lapse of three months, its still in shock. National Grid insiders told reporters: "For a lot of people unhappy with this acquisition, file a lawsuit against the voice continued,glue gun mainly within the power industry competitors."
The multi-reporter informed that the largest opposition from China Machinery Industry Federation (referred to as "local joint"), executive vice president in the machine together Cai Wei Chi told the media that had not in favor of public opinion. In addition, the machines together through the "China Industry News internal reference" to the Central Policy Research Office, State Council Research Office, the Ministry of Industry and Information Technology, China Industrial Economic Federation and other organizations called on to stop the national grid acquisitions, and has written a report to a more high-level representations.
Opposing the main power transmission equipment manufacturing is the power that the company's secondary business, which should be stripped out, the implementation of separation of major. Power Grid Company and the SOE reform runs counter to the acquisition of upstream manufacturers enterprises to form a homegrown model of monopoly suspicion, and may other enterprises in the industry hurt.
Reporter noted that the member in the machine in conjunction TBEA and two in Shanghai Electric Power electrical equipment manufacturing company. To some extent, in the machine together represent a power transmission equipment manufacturing industry in the State Grid Corporation of people were called "competition within the industry," the enterprise.
High level of electrical and XJ Electric's announcements have shown that restructuring of the acquisition has received approval from the local SASAC, but also need the State Council, the SASAC and the approval of relevant government departments to enter into force. It is understood that the State Grid Corporation approved the acquisition optimistic that it should not be a problem.
As early as after the acquisition of high level of electrical, there is within the national grid disclosed to reporters, Changzhou Toshiba equipment transferred to the company's national network, the State Grid Corporation's executives have visited Changzhou. And another unnamed industry researchers have come to the same inference. To early last month, the National Network Equipment Company, again by way of gratuitous transfer made from the Changzhou municipal government in the hands of variable electrical appliances manufacturing enterprises in Changzhou Toshiba 33% of the shares. State Grid Corporation of further big acquisitions.
State Grid Corporation's "listed impulse."
July 17 evening, the high level of electrical and XJ Electric also announced the first major shareholder equity transfer notice. High level of electrical, said SASAC will Pingdingshan high level group 100% equity interest free transfer technology and equipment to the State Grid International Limited ("Equipment Company"), the National Network Equipment Company, the State Grid Corporation's wholly-owned subsidiary; XJ Electric, said the State Grid Corporation of China's Electric Power Research Institute will be the first through the capital increase, was held XJ Group 60% stake in Ping An Trust and held by the transferee followed the rest 40% stake of XJ Group.
High level of electrical performance of the equity transfer very carefully. Before the official announcement, there have been a lot of printing of rumors, the media also carried out detailed disclosure, the high level of electrical quickly issued a clarification for the media announcement. But just two weeks after the high level of electrical or a paper announcement confirmed a lot of speculation on the market.
High level of electrical power transmission equipment industry in China occupies an important place, is the main high pressure switch suppliers. National Grid is the largest power transmission equipment buyers, but also high level of electrical largest customers, in some high-end products such as UHV equipment is a high level of electrical or even the only customers. The two sides in an important position in the industry, so this acquisition is particularly eye-catching event.
On the high level of electrical terms, industry analysts almost universally believe that this is a major good news. The logic is simple: on the one hand, the largest customers become big club, you can enjoy nature in purchasing more care; other hand, the State Grid Corporation of wealth, high levels can be expected to invest in the future to help the high level of electrical make bigger strong.
The national power grid company, which also good as a very good deal. Upstream from the downstream network to expand power transmission equipment manufacturing, has clearly contributed to the State Grid Corporation to further expand the industrial chain in the whole energy range of interest. State Grid Corporation Group and has not listed companies, while the acquisition of two listed companies, also gave the market a lot of imagination. Many analysts are boldly predicted that the acquisition of two single integrated national network may just the beginning of the upstream industry, the future behavior will be further mergers and acquisitions, and may take two listed companies, capital operation platform.
In fact, the market, financing, capital operation, the State Grid Corporation would never be a new word, very early into the company's development plan table.
Power system reform in 2002, a grid implementation of "North-South divide and conquer", the South China Southern Power Grid jurisdiction vested in five provinces, and the remaining 26 provinces and municipalities responsible for the national grid. Although there are two power grid companies, there are few private network resources, the State Grid Corporation still has a strong monopoly position.
U.S. "Fortune" magazine last month, 8 to the latest Global 500 rankings, the State Grid Corporation in 2008, operating income of $ 164 135 900 000 list ranked 15th, ranking last year jumped by 9, the selected Chinese companies ranked third behind China Petroleum and Sinopec.