Can't wait for Baosteel "blood transfusion" Guang steel to let the shell save oneself

The steel group, which is in a difficult position to win more policy support, is willing to cede its sole shell resource, the steel shares (600894.　　SH).　　"The first financial daily" reporter from a number of people familiar with the situation learned yesterday, the iron and steel assets of the one-month-wide steel company have been suspended, and the core assets of Guang-ri group are to be listed by the company, which is basically determined to replace the assets of Guang-ri Group, the Guangzhou Municipal state-owned enterprise.　　Willing to take scarce shell resources to the other, showing the current dilemma and embarrassment of the Canton Steel Group.　　Earlier, the broad steel group insiders have admitted to reporters, at present, the situation of the Canton Steel Group is "more difficult" and has been hoping that the Guangzhou government will give some support to solve the "future survival and development problem", so the group is also seeking more policy support while discussing the reorganization of listed companies.　　For example, before the suspension, the Guangzhou steel Group, a steel mill, Zhujiang Steel Co., Ltd. has been plunged into total production due to serious losses, and according to the broad-steel shares announced the third quarterly report, the company lost 35.575 million yuan in the three quarter, compared to a year earlier 160.11%.　　And the industry has been concerned about the Zhanjiang project has been outstanding, but also to the long-term development of the Canton Steel Group has brought a lot of "drag." In 2008, the Guangdong Iron and Steel Group, which was intended to integrate Guang steel and Shao steel from Baosteel, was set up, at which time the company was established by Baosteel holding 80%, with cash contributions from Baosteel, capital contribution by Guangdong Provincial Sasac to Shaoguan iron and steel, and a joint establishment of the capital assets of the city of Guangzhou　　And the reorganization of Guangdong's two steel mills and the elimination of backward production capacity, Zhanjiang project was approved for the preparation of one of the conditions. However, up to now, Guangdong Iron and Steel Group integrated Canton Steel and Shao Steel has not been the asset delivery, and has been for the preparation of billions of of the Zhanjiang project has not been allowed to formally open the building.　　So far, the Guangdong Iron and Steel Group is still an empty shell. "We had hoped that after the reorganization of Baosteel, the company would be able to reverse its decline by injecting capital and developing synergies, such as Baosteel's unified sourcing and logistics management platform, sharing the advantages of Baosteel's strong bargaining power in the raw material field, low logistics cost and stable supply, and in new product development, technology transfer, The introduction of management experience has been fully supported by Baosteel, but if the project can not be approved in Zhanjiang, substantial reorganization may not be really promoted. "The people of Guang Gang group said.　　And the Canton Steel also missed its own development of a better time, for example, in Zhanjiang project was approved before the plan is to Guangzhou part of the steel production capacity of the implementation of environmental protection relocation to Nansha. Now, too much uncertainty in the Canton Steel finally decided to take the initiative, for their future transformation to find a way out. According to the reporter understand, Canton Steel is located in the Guangzhou center of the Baihe Cave base of the steel production line is expected to be shut down sooner or later, and the vacated land will be invaluable resources. In addition, in addition to engaged in iron and steel industry, the group also owns other industrial projects, such as the second phase of the Gold State Company project, cold-rolled Boutique Base, Nansha Logistics Industry Park, these can also increase the strength of expansion. ButTo succeed in the transition, it is also necessary to obtain support from local governments for relevant policies. A person familiar with the matter said to our correspondent that after the suspension of the Guangzhou-steel shares, Guangzhou Sasac and other parties have been around how to restructure the Canton Steel to discuss the final proposal, by the Guangzhou-Japan shares and steel shares of the current steel assets replacement, after the successful replacement of the Canton Steel Group holding the shares of listed companies sold to the Canton Day Group,　　And buy back steel assets from Guang-ri group.　　However, the first step of asset replacement to be through specific plans, the transfer of the original assets of listed companies, the relevant government approval and the approval of the Staff Congress, the approval of the shareholders meeting and other processes, so the original plan to suspend business to 15th this month, the broad steel shares are expected to extend the suspension. Guang-day Group is an elevator and its related accessories to start the state-owned enterprises, the company registered capital of about 930 million yuan, main foreign investment and goods, technology import and export business.　　At present, the company has formed the elevator and its related industries and environmental protection industry, the two major industrial sectors, the basic structure of the three industrial bases, April 2009 was identified by the Guangdong provincial government as the focus of support and development of 50 of the backbone of equipment manufacturing enterprises.　　According to the reporter understand, Canton Day Group three or four years ago there are plans for listing, to this end, the group set up Guangzhou Guang-Day Co., Ltd., hope to be listed as a platform for the group. At present, Guang-day shares of the registered capital of about 680 million yuan, by the Guangzhou group Holding 91.9105%, the company integrated the Guangzhou-Japan group's escalator machine, escalator accessories and related industries, currently has six holding subsidiaries and three equity companies.