Zhongwei Guomai or telecom Hotel Asset integration Platform

SASAC January 25 issued a notice that the central enterprises from this year onwards to carry out the total non-main hotel separation and reorganization work only two days later, China Telecom's listed company, Zhongwei Guomai issued a notice yesterday, has completed the former largest shareholder China satellite Communications Group Holdings of the company's shares of the free transfer to China Telecom,　　At the same time, China Telecom under the Tong Mao Hotel holdings of 7 hotels into the Zhongwei Guomai.　　Analysts believe that this means that after the restructuring of the central defender Guomai will likely "turn" to become China Telecom's hotel management and real estate development platform. 7 hotels into Zhongwei guomai public data show that the restructuring of China Telecom group began at the end of 2009.　　December 14 last year, State Council director of state-owned funds Li for the first time specifically to strive for 3-5 years will be central enterprises of the non-main hotel separation and reorganization. December 30, 2009, Zhongwei Guomai issued a notice that Sasac, in principle, through the China Telecom Industrial Asset Management Center to the holding of 100% shares of the Guomai to replace the full assets and liabilities of the Centre, as well as the purchase of the company's Non-public offering all the shares of the restructuring plan.　　This is equivalent to the China Telecom group to receive the telecommunications business from the patriotic vein, while the 7 hotels held by the Tong Mao Hotel are injected into the Zhongwei Guomai. Still 24 hotels not injected as early as in 2002, the central enterprises started the separation of primary and secondary, enterprise restructuring, some of the central companies in this context is groping the way to deal with the hotel sideline. In 2007, PetroChina entered the China oil group by means of transfer of its hotel assets, and the overseas hotel assets were also included in the Chinese oil group in the form of entrustment management. But more central enterprises in the hotel sideline stripping action slow, still in the "decapitated" decentralized state.　　According to the public information, although China Telecom began to separate the main and auxiliary years ago, but in addition to the telecommunications assets of other ancillary assets in the unified management of China Telecom Industrial Asset Management Center, hotel assets is one of the group, is the only unlisted industrial assets. January 25, the SASAC Enterprise Reform Bureau issued a notice that the central enterprises from the beginning of this year to fully carry out the work of non-main hotel separation and reorganization.　　In the future, without the approval of SASAC, the central enterprise that does not take the hotel as its main business will no longer invest in newly-built hotels. Meanwhile, China Telecom's restructuring process is also accelerating. So far, in addition to the 7 hotels to be injected, China Telecom group still has 24 hotels. Some securities analysts believe that, although the majority of central and central hotels in the loss, if the 3-5 years of these central enterprises hotel sideline to complete the integration, a short period of many hotel assets will affect the valuation of the hotel industry, most of the hotel may be a drop in premium or discount transfer.　　Based on this, China Telecom is likely to continue to inject the remaining assets of the best hotels in central defender Guomai, and the company is likely to become the China Telecom Group's hotel integration platform. Newspaper reporter Ting Airi