Jidong Group intends to restructure St Tang Tao

-Our correspondent Chen Jing St Tang (000856) 10th announced that the company 9th received the Tangshan SASAC notice, the company's first and third largest state-owned shareholders free of charge to the Hebei Province Jidong Cement Group Limited Liability company, by the Jidong group plan for the listed companies to restructure assets.　　Analysts said that Jidong Group's two main industries are cement and technical equipment projects, the current cement plate has a listed company Jidong Cement (000401), the reorganization of St Tang, is expected to build technical equipment engineering plate listing platform. Jidong Group is currently the first major shareholder of Jidong Cement, is also a large backbone enterprise in China building materials industry, total assets of 15.5 billion yuan, cement production capacity of 40 million tons. Jidong Group technology and Equipment Engineering section of the core enterprise is a wholly-owned subsidiary of Tangshan Shield Mountain Machinery Manufacturing Company, the company is the country's largest cement machinery manufacturing enterprises, with an annual equipment manufacturing capacity of 80,000 tons, Nissan 2500 tons-10000 tons of cement production line main equipment, covering metallurgy, chemical industry, Port and other industries equipment.　　2007, Jidong Group also formed the Tangshan Shield Mountain Electric Company, the application of the latest German Siemens technology, design and manufacture of low-voltage switchgear and large cement equipment electrical automatic control system, the company has become the largest low-voltage switchgear production enterprises in North China.　　At the end of 2008, the China Machinery Industry Group Corporation had proposed to reorganize St Tang, but the reorganization was subsequently aborted. Tangshan Sasac informed that, after research, to agree Tangshan City Construction Investment Co., Ltd., Tangshan Construction Investment Limited liability company will hold the St Tang 44.11 million shares of state-owned shares, 23.76 million shares of state-owned shares transferred to Jidong group free of charge. Jidong Group will hold St Tang 67.87 million shares of state-owned shares, accounting for St Tang Total share capital of 29.9%, for the company's controlling shareholders, while the Jidong group formulated a plan to St Tang for assets reorganization.