Words? |? Zhou ju? Wang Guoxin
On September 24th, some media quoted five people familiar with the matter as saying that Liaoning Communications Construction Investment Group would take the lead in privatizing Brilliance China (0114-hk). Affected by this news, Brilliance China rose sharply in the Hong Kong stock market in the afternoon, once exceeding 12%. The reporter of Economic Observer Network then verified with Brilliance Group that an executive of the company told reporters that the privatization of Brilliance China was false news. "This is part of the media hype." The high-level official told the Economic Observer Network reporter on September 24.
Liaoning Communications Construction Investment Group is a large state-owned enterprise group approved by the Liaoning Provincial Party Committee and the provincial government on 20 16. At present, Brilliance China has a market value of US$ 4.6 billion. It is one of the listed companies under Brilliance Group, a state-owned enterprise controlled by Liaoning Province, and its most important asset is BMW Brilliance.
The financial report for the first half of this year released by Brilliance China shows that the revenue in the first half of this year was 65.438+0.45 billion yuan, down 23.85% compared with the same period of last year, and the net profit was 4.045 billion yuan, up 25.23% year-on-year. In the first half of this year, BMW Brilliance sold 262,000 cars, a slight decrease of 0.8% year-on-year, but the average bicycle price of BMW Brilliance increased. According to statistics, in the first half of this year, the average bicycle price of BMW Brilliance was 308,000 yuan, and the net profit of bicycles was 33,500 yuan, both of which increased year-on-year.
According to the data, Liaoning Communications Construction Investment Group currently owns 0/2% equity of Brilliance China/KLOC. This year, Brilliance Auto has twice transferred its shares to Liaoning Communications Construction Investment Group. On May 28 this year, Brilliance Auto announced that the board of directors of the company received a notice from Brilliance Auto Group Holding Co., Ltd., the controlling shareholder of the company, that it would sell 200 million shares of the company to Liaoning Communications Construction Investment Group on May 22, 2020, equivalent to about 3.96% of the total issued share capital of the company.
Brilliance explained at the time that the placement was based on the strategic cooperation arrangement with Liaoning Communications Construction Investment Group to further expand the business development space and open up the upstream and downstream industrial chains and supply chains. Brilliance entered into a strategic investment agreement with Liaoning Communications Construction Investment Group Co., Ltd. and its subsidiary Liaoning Communications Investment Co., Ltd. After the completion of this transaction, Brilliance Automobile Group still holds 65.438+93.5 billion shares, equivalent to about 38.35% of the issued share capital of the company, and remains the controlling shareholder of the company.
On July 9, Brilliance and Liaoning Communications Construction Investment Co., Ltd. reached a strategic investment agreement again. According to the agreement, Brilliance will sell 400 million shares of the company's common stock with a face value of 0.0 1 to the latter, which is equivalent to about 7.93% of the company's total issued share capital on the date of publication. After the sale, Brilliance will hold 65,438+0,535,074,988 shares, accounting for about 30.43%, and remain the controlling shareholder of the company.
Regarding this share transfer, Brilliance China explained that this is a strategic cooperation arrangement with Liaoning Communications Construction Investment Co., Ltd. to further expand business development space and open up upstream and downstream industrial chains and supply chains. On July 9, 2020, Brilliance entered into a strategic investment agreement with Liaoning Communications Investment Co., Ltd., according to which Brilliance will sell the corresponding shares to the buyer according to the terms and conditions of the agreement.
Brilliance Auto Group is the largest state-owned enterprise in Liaoning Province. Founded in 2002, it owns four listed companies, namely Brilliance China Automobile Holdings Co., Ltd. (Brilliance China), Shanghai Shenhua Holdings Co., Ltd. (600653), Jinbei Automobile Co., Ltd. (600609) and Chen Xin Zhongdian Holdings Co., Ltd., which are respectively responsible for the main business of the four sectors of Brilliance Group: vehicle manufacturing, automobile sales and service trade, commercial vehicle production and engine business.
It is worth noting that Brilliance Auto is the only dual pilot unit in Liaoning Province to reorganize state-owned capital investment companies and comprehensively reform, and the significance of its reform is of great significance to Liaoning's state-owned assets reform. In the reform of state-owned assets, Liaoning Province chose to reorganize traditional advantageous industries and major infrastructure areas and set up state-owned capital investment companies as a pilot. From June 2065438 to June 2008, when investigating Brilliance Group, the Reform Department of State-owned Assets Supervision and Administration Commission of Liaoning Province particularly emphasized that as a pilot unit of comprehensive reform in Liaoning Province, it was hoped that Brilliance Group would become the benchmark for the reform of state-owned enterprises in Liaoning Province, and share and promote the reform achievements and experiences within the scope of state-owned enterprises in Liaoning Province.
Also in July this year, Brilliance finally determined the direction of reform. The reporter of Economic Observer Network learned that Brilliance Group has already started the reform pilot. In the future, the ultimate orientation of Brilliance Group's reform is to transform into an investment company, and the transformation from managing assets to managing capital is a major direction of state-owned enterprise reform.
On April 20 this year, 69 mixed reform projects of state-owned enterprises in Liaoning Province were publicly promoted through platforms such as Shenyang and Dalian Property Rights Exchange, and simultaneously released on online platforms such as Beijing, Shanghai, Jiangsu, Zhejiang, Guangdong and Shenzhen and the official WeChat account of Liaoning Provincial State-owned Assets Supervision and Administration Commission. Among them, Brilliance Auto ranked second, involving six companies, a substantial increase over last year. At present, the pilot project units include Brilliance Defense Technology (Dalian) Co., Ltd., Brilliance Bus (Dalian) Co., Ltd., Brilliance Automobile Investment (Dalian) Co., Ltd., Mianyang Brilliance Ruian Auto Parts Co., Ltd., Mianyang Huarui Automobile Co., Ltd. and Shenyang Brilliance Special Purpose Vehicle Co., Ltd.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.