The difficult problem of Sinoma Jidong cement unwilling to "pull Lang with" type of reorganization

Every reporter Chao from Beijing although the agreement with the Chinese material investment 13 billion yuan has signed 1.5, but in fact, Jidong has been "alone", in recent time, the performance of a solo is increasingly strong. China Sinoma Group Co., Ltd. (hereinafter referred to as Sinoma) has just bought 11% of the Qilian Mountains 500 million yuan, becoming the company's second largest shareholder, but it has been brewing for nearly two years of the restructuring of Jidong Cement (000401,SZ) but the resistance continues. "Sinoma want to buy, the government also support, but the key is Jidong cement is not willing to be restructured."　　"Digital Cement network president Liu Zouyi said. China Cement Association secretary General Kong Xiangzong told reporters, "the reorganization is both sides of the matter, get your love I wish, now (reorganization) time has not arrived." "Sinoma want to hit the money the government is very supportive" Hebei Province and Tangshan municipal governments are very supportive of sinoma restructuring Jidong cement.　　"There are insiders told the Daily Economic news, May 21 this year, Sinoma general manager Zhongming met with the governor of Hebei province, Hu, in the day of the press release, Hu also have" hope to expand in Hebei in the cause of the two sides to achieve mutual benefit and win "words. "The government has been very positive about the reorganization."　　"Liu Zouyi said. In fact, as early as October 2007, Sinoma signed the "Strategic cooperation Agreement" with the Tangshan government.　　The two sides signed a formal cooperation agreement the following year. "The main reason for signing the contract is that the condition of the sinoma is attractive enough." "Some experts said that according to the agreement, Sinoma pledged to use three years time, investment not less than 13 billion yuan, so that Jidong cement annual production capacity of 130 million tons, annual sales revenue reached 30 billion yuan, it hit the largest domestic, the world's top five cement enterprise group.　　The specific investment plan is: 2008 invested 4 billion yuan, 2009 4 billion yuan, 2010 5 billion yuan. "The Sinoma also has the follow-up investment plan." The person told the news. Earlier, Tangshan and NDRC officials have said that the total investment of the Sinoma will exceed 20 billion yuan. It is understood that this money in addition to building Jidong cement, but also will Tangshan "into the world's largest cement technology equipment manufacturing base, the largest manufacturing base of non-metallic materials, as well as the largest industrial manufacturing base and the most powerful development platform." "These are the" biggest "is to let the Tangshan government actively promote restructuring reasons.　　Yang Xin Securities analyst said. Jidong not bad money plot to go it alone "Jidong cement Well, Zhang Zhanguang (Jidong Cement Chairman) is not willing to be restructured.　　Liu Zouyi told reporters. Hebei provincial government website reported that the signing last year was signed by Tangshan Mayor Guodong and Sinoma general manager zhongming respectively. The Tangshan government is the actual control person of Jidong cement, the real right of speech is held in the hands of Tangshan government.　　"Some experts say. Yesterday, reporters on the reorganization of the matter call Jidong Cement, the company staff said, "Restructuring in progress?" Why didn't I know? The mayor is in charge of this. "The reorganization of the two has not progressed. "XiangxiLoyalty said, because did not sign the concrete agreement, the material promised 13 billion yuan also did not begin to invest. "Sinoma is not able to fulfill the previous investment commitments. "Yang Xin said. Previously, media reported that because of the extension of the contract, 2008 years Sinoma International has been claimed by Saudi owners, the amount claimed is equivalent to the company's first three quarters of profit. "Sinoma has not been able to refinance from H shares," he said. In contrast, Jidong is not short of money. April 2008, Jidong Cement issued a notice, said the total application of not more than 600 million yuan short-term financing coupons issued amount, two months later, the company also issued a private shares 250 million shares of the way to raise capital 2.9 billion yuan. "Jidong is not bad money." "Liu Zouyi said.　　Coupled with its Hebei, Shanxi and other traditional advantages of the market demand for cement market, Jidong cement basically does not exist in conjunction with the power of the material.　　Based on this, although the agreement with the Sinoma has been signed 1.5, but in fact, Jidong has been "alone", in recent time, the performance of a solo is more and more intense.　　In accordance with the strategic planning of Sinoma, the reorganization of Jidong cement is aimed at stabilizing the North China market, but Jidong cement is the long-term focus on the "occupation of China," the more ambitious goal. "Outside 9 new dry cement production line construction non-stop, this year, Jidong cement will be achieved in 10 provinces, municipalities and autonomous regions to build line production, and through the regional leading to achieve control of the national market."　　In March this year, Li Jianjun, deputy general manager of Jidong Cement, said in an interview. Experts: When the reorganization was not in the media interview, the senior executives have been stressed, "restructuring Jidong Cement plan unchanged." "No change in plan" does not necessarily mean that you will be able to reorganize according to your plan. "Some experts told the Daily Economic news," the key also depends on the objective response of Jidong cement, is now jidong cement is not willing to be restructured. "For the repeated reorganization of Sinoma will, Jidong cement is not at all." Reporter Browsing Jidong cement site found that has been the Hebei provincial government website reproduced in the "Strategic cooperation Agreement", the signing ceremony in the company's website is not reproduced at all.