Shandong Steel reorganized Japan Steel again delayed
2022-12-16 13:08:15
On February 28, 2011, it was originally the final deadline for Shandong Iron and Steel Group (hereinafter referred to as “Shangangâ€) to reorganize Rizhao Steel Group (hereinafter referred to as “Japan Steelâ€). However, to this day, the reorganization of Shansteel is still silent. This means that the planned reorganization date will be postponed again.
According to the announcement of the opening of the Sinosteel Associated Company (1215, HK), the initial restructuring plan was that Shanshan completed the one-off acquisition of the core assets of Nippon Steel at the end of November 2010. However, due to changes in the restructuring program – the scope of the acquisition expanded from core assets to total assets, the reorganization period was postponed until the end of February 2011.
As for the reason for the reorganization of the reorganization, an insider of the company pointed out that the current asset evaluation has ended, but since the former mayor of Rizhao City and the head of the restructuring coordination group Zhao Xiaowei took office on February 1, the reorganization has also been suspended. Come down. The successor also needs time to study and be familiar with the situation.
Since 2008, Shangang has started to reorganize Japan Steel. Although Japan Steel, as a private enterprise, is not willing, it cannot stop the strong will of Shansteel's restructuring. However, Nippon Steel has never given up the game at the negotiating table.
According to the original plan, Shangang only acquired core assets, and the peripheral assets left in the hands of Chairman Du Shuanghua would be greatly devalued. In the end, Shangang made a concession and adopted a one-time overall acquisition. The price of the acquisition has become the focus of the game between the two sides.
Earlier media reports said that the evaluation value of Nippon Steel has reached more than 20 billion yuan. The future process of Shanxi Steel's restructuring of Nippon Steel will depend on whether the two parties can agree on the value of the current assessment.
According to the announcement of the opening of the Sinosteel Associated Company (1215, HK), the initial restructuring plan was that Shanshan completed the one-off acquisition of the core assets of Nippon Steel at the end of November 2010. However, due to changes in the restructuring program – the scope of the acquisition expanded from core assets to total assets, the reorganization period was postponed until the end of February 2011.
As for the reason for the reorganization of the reorganization, an insider of the company pointed out that the current asset evaluation has ended, but since the former mayor of Rizhao City and the head of the restructuring coordination group Zhao Xiaowei took office on February 1, the reorganization has also been suspended. Come down. The successor also needs time to study and be familiar with the situation.
Since 2008, Shangang has started to reorganize Japan Steel. Although Japan Steel, as a private enterprise, is not willing, it cannot stop the strong will of Shansteel's restructuring. However, Nippon Steel has never given up the game at the negotiating table.
According to the original plan, Shangang only acquired core assets, and the peripheral assets left in the hands of Chairman Du Shuanghua would be greatly devalued. In the end, Shangang made a concession and adopted a one-time overall acquisition. The price of the acquisition has become the focus of the game between the two sides.
Earlier media reports said that the evaluation value of Nippon Steel has reached more than 20 billion yuan. The future process of Shanxi Steel's restructuring of Nippon Steel will depend on whether the two parties can agree on the value of the current assessment.
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