What is the reason why Maotai Group issued 654.38+0.5 billion corporate bonds?

We know that, generally speaking, enterprises issue bonds mainly to broaden financing channels and meet their own business needs. As a leading enterprise in Guizhou Province, Maotai Group said in the statement that this bond issue is to raise funds for the equity acquisition, interest-bearing debt repayment and supplementary liquidity demand of Guizhou Expressway Group Co., Ltd. One enterprise raises funds by issuing bonds, not entirely for its own development, but to help another leading enterprise tide over the difficulties, which is awe-inspiring.

? He is my brother? Mess: Guizhou Expressway with a debt of 100 billion and a loss of 2 billion in half a year.

Guizhou Expressway Group Co., Ltd., referred to as Guizhou Expressway for short, is a leading enterprise in Guizhou Province, and its main business is the investment, construction, operation, management and maintenance of expressways. Among them, the income brought by expressway operation accounts for a large part of the company's various income sources.

The epidemic was so fierce that the Ministry of Communications announced that it would waive highway tolls after obtaining approval from the State Council. The introduction of this policy has undoubtedly affected the income of large and small expressway operating companies in China, and the impact on it is needless to say. Since March this year, Guizhou Expressway has issued five bonds, including three ultra-short-term financing bonds,/kloc-0 medium-term notes and/kloc-0 corporate bonds, raising 6.5 billion yuan. In the first half of this year, the operating income of Guizhou Expressway was less than 8 billion yuan, but the net profit loss was as high as1900 million yuan. There is no doubt that the epidemic has a great impact on Guizhou Expressway.

? Brother fu? Support: Kweichow Moutai, whose share price has fallen, also needs to enhance its corporate image.

As a leading enterprise in Guizhou Province, Maotai Group stands out at such a moment. In a way, there is no doubt. After all, they are a family and share the same pulling strings. The way to run a family lies in self-cultivation. How can the real controller behind the scenes let the master? As the old saying goes, gold is cut off by combining the interests of brothers, and the same roots are the same. Naturally, we should support each other and make progress together.

In recent years, the debt situation in Guizhou is not good. Its own problems include: on the one hand, limited fiscal revenue, on the other hand, large investment gap in infrastructure projects and long economic return cycle. It should be noted that the total market value of Kweichow Moutai has exceeded the gross national product of Guizhou Province in 20 19. As a provincial state-owned enterprise, Maotai Group invests in some such long-term projects, which is also the embodiment of its social responsibility and a measure to further enhance its brand image and brand value.

However, Maotai will not be stupid enough to put money into this mess, and shareholders will not agree. But maotai still did it. This drama, which seems to help, is actually an acquisition, and finally made waves in the financial sector. The two companies do not belong to the same field, but it does not hinder the strategic transformation thinking of enterprises in order to survive for a long time and expand their business scope. Maotai has already extended its hand to logistics, packaging, banking, securities, funds and other industries.