China Bao Wu Iron and Steel Group, the birth of the first scale in China (Figure)

China Bao Wu Iron and steel group was born in China ranked first (Figure) August 27, 2016, Wuhan Iron and Steel Group Corp employees are working. (Figure) Baosteel, Wuhan Iron and steel group of the merger of the two dust finally settled. SASAC yesterday afternoon news release, approved by the State Council, Baosteel Group Corporation and Wuhan Iron & Steel (Group) company to implement joint reorganization, set up "China Bao Wu Steel Group Co. Ltd., together to build a world-class field of iron and steel industry investment, technological innovation, capital operation platform. Approved by the State Council, Baosteel and Wuhan Iron and Steel Group, a wholly owned subsidiary of the restructuring of Wuhan Iron and Steel Co., Ltd. last year, the merger of two rumors on several occasions was hot. In June this year, Wuhan Iron and Steel shares and Baosteel shares also announced the suspension announcement, Wuhan Iron and Steel Group and Baosteel Group is planning a strategic reorganization. Yesterday, the most eye-catching reorganization finally settled. According to Baosteel’s announcement on the day, the Baoshan Iron Steel Co convertible merger of Wuhan Steel shares, after the completion of the merger, Baosteel Group holding 52.1%, Wuhan Iron and Steel Group holding 13.48%. Baosteel shares of the convertible merger Wuhan Steel shares convertible price of 4.6 yuan shares, Wuhan Steel shares convertible price of 2.58 yuan shares, the shares for every 1 shares of Wuhan Iron and Steel shares can exchange for 0.56 shares of Baosteel shares. Baosteel Group, a number of listed companies also announced 22, Baosteel Group Co., Ltd. changed its name to China Bao Wu Iron and Steel Group Co., Ltd., as the parent company after the reorganization of the two companies. Wuhan iron and steel (Group) Company gratuitously transferred the parent company, as its wholly-owned subsidiaries. Baosteel has the highest degree of modernization, products with high technology content, high value-added steel, Wuhan Iron and steel has cold rolled steel, cold-rolled silicon steel and other advantages of products. The reorganization of the two companies can be described as powerful combination, the optimization of product structure has some positive. After the reorganization will become the world’s second largest iron and steel enterprises after the restructuring of the mining group will synergies in depth multiple areas of key products, technology research and development, sales network, business layout, procurement management, shear distribution, logistics system, optimize the allocation of resources, reduce duplication of investment, reduce operating costs, promote the quality and efficiency of enterprises. Two companies will be on different production bases and different production line integration, accelerate the elimination and shutting down a number of inefficient and ineffective production capacity, promote the advantages of resources to focus on enterprises, strengthen the business model innovation and management innovation, enhance the competitiveness of enterprises; and focus on the resources development and application of cutting-edge technology, to further enhance the strategic product technology research and development capabilities, and gradually formed in technology research and development advantages of the large iron and Steel Group, contribute to the promotion of China’s iron and steel industry’s international competitiveness and influence. According to Caixin, Baosteel, Wuhan Iron and steel two steel after the reorganization of the central enterprises, a total assets of more than 700 billion yuan, the annual production capacity of 60 million tons, the second largest in the world, the first Chinese steel giant will be born. Wuhan Iron and steel group propaganda office yesterday reply to the Wuhan evening news reporter said, Baosteel Group, Wuhan Iron and Steel Group joint reorganization, will be in accordance with the principle of development of high-end intelligent green services, the strategic objectives identified as "become the world’s most competitive steel enterprises, become the most investment value of the listed company)相关的主题文章: