Anshan Iron and Steel Baosteel "bride" said that there was no reorganization suspense still exist

Source: Internet
Author: User
Keywords Baosteel Baogang Angang
Yesterday, media reports said, according to people familiar with the situation, because of local government intervention, Baosteel and Baogang four years of restructuring negotiations as early as this April has failed. Baotou steel industry and China's other major iron and steel companies in the frequent contact with Angang, is hoping to introduce it as a strategic restructuring party.  For this heavyweight "gossip", the three parties deny it in different ways. Today, Anshan iron and steel shares issued a notice, the company has on the relevant issues to the company's holding shareholders Anshan Iron Group, the group responded that the group of senior indeed to the study of Baogang, but belong to the same industry normal work exchanges between enterprises, does not involve any reorganization matters. Earlier, Baosteel Group chairman Lejiang said in a media interview, Baosteel and Baotou steel restructuring talks are still in progress, not over. And for the "Securities daily" yesterday afternoon's confirmation phone call, Baotou Steel Stock Securities affairs representative Ushu simply said: "I have not heard, so can not confirm." AG was not involved.  "Although the three parties have quickly denied the" bride "incident, but Baogang and Baosteel have been rumors constantly. Baogang and Baosteel were rumored to have had a marriage in 2006, but then slowly.  It is reported that the key contradiction between Baosteel and Baogang is that Baosteel wants to hold Baogang, and the Inner Mongolia Autonomous Region government, which is the home of Baogang, is more willing to maintain its independence, whether from local tax or personnel arrangement. In fact, in addition to Baosteel and Angang frequent exchanges, Baogang has also contact with Shougang.  It is understood that the same is in early May, the Inner Mongolia Autonomous Region, the director of Tassels, party secretary, deputy director, state-owned enterprise board chairman Fan Venus, deputy Inspector Zhang Grace and Baotou Steel Zhou Bingli, Wei suppository division, Ding Zhiyun, Wang Hong and other people also went to Shougang investigation, the two sides on strengthening cooperation and exchanges At that time, Shougang party secretary, chairman of Mr Zhu has said, Baogang, Shougang is located in the north, cultural and folklore have a lot in common, there are many aspects of steel, Baotou, such as steel rail, rare earth products for the country's development plays an important role.  Baogang and Shougang have a wide range of cooperation areas, including the development of Mongolia's resources, technology, market synergy and capital operations and other aspects of cooperation.  Mr Zhu stressed that the Inner Mongolia Autonomous Region, Baotou Steel express the willingness to cooperate is very much in agreement with the hope that with Baogang further consultations, in a variety of ways to unite, complement each other and common development. But for Baosteel, which has been under four years of Kung Fu, it is clear that it will not give up steel. It is reported that Baosteel Group has repeatedly explored the strategic strategy of corporate mergers and acquisitions, trying to downplay the rights of control and other prior attention, but through the priority of the way, first take the right to speak, and then strive for the cooperation in the process of plotting greater rights and interests.
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